6-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER
                      PURSUANT TO RULE 13a-16 OR 15d-16 OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                          For the month of July, 2001.

                      MARNETICS BROADBAND TECHNOLOGIES LTD.
                      -------------------------------------
                 (Translation of Registrant's Name Into English)

                               10 Hayetzira Street
                                  P.O. Box 2640
                              RA'ANANA 4300 ISRAEL
                              --------------------
                    (Address of Principal Executive Offices)


         (Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.)

         Form 20-F _X_  Form 40-F _____


         (Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)

         Yes   / /                 No   /X/

         (If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ________.)

1.       INFORMATION AND DOCUMENTS REQUIRED TO BE FURNISHED.

         A.   A Press Release dated July 30, 2001, announcing that the
              Registrant's Board approved the appointment of Shlomo Harari as
              the new Chief Executive Officer of the Company.






                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                           Marnetics Broadband Technologies Ltd.

Dated:  August 28, 2001                    By: /s/ Isaac Nissim
                                               --------------------------------
                                           Name: (printed): Isaac Nissim
                                           Title:  Chief Executive Officer

EX-99

                                                                     EXHIBIT 99


                             [MARNETICS LETTERHEAD]




FOR IMMEDIATE RELEASE
JULY 30, 2001


                   BOARD APPROVES APPOINTMENT OF SHLOMO HARARI
             AS THE NEW CEO OF MARNETICS BROADBAND TECHNOLOGIES LTD.



RA'ANANA, ISRAEL - The Board of Directors of Marnetics Broadband Technologies
Ltd. (AMEX: MXB), approved the appointment of Shlomo Harari as the new CEO of
the Company. On September 1, 2001, following a transition period, he will
replace David Sheetrit, who has served as Acting CEO since mid-May. David
Sheetrit will continue to serve in his post as Marnetics' Chief Operating
Officer.

Mr. Harari brings to Marnetics two decades of proven industry and venture
execution and success, characterized by guiding six technology companies into
high revenue generation, strategic partnerships and business development. Most
recently, Mr. Harari was independently employed in a consulting firm, which
leveraged his experience and contacts for the benefit of his clientele.

Jacob Ben-Gur, Chairman of the Board of Marnetics Broadband Technologies Ltd.,
warmly welcomed Mr. Harari to the Company and said, "Shlomo is committed to
success and is determined to work with people who are motivated to achieve the
Company's goals. His energy and engaging personality are a bonus to his
impressive entrepreneurial and vast managerial experience. We anticipate
promising results from Shlomo and the staff at Marnetics, as his vision and
results-oriented approach pervade the organization."


ABOUT MARNETICS
Marnetics Broadband Technologies Ltd., through its wholly-owned subsidiary,
Marnetics Ltd., specializes in the development and marketing of Internet
performance enhancement solutions. Prospera(TM), the Company's product line
which is currently in development , is a uniquely innovative suite of Internet
traffic management solutions, incorporating Capacity Enhancement and
Acceleration capabilities, as well as differentiated services. The product is
intended to better manage over-subscription situations in Internet and Intranet
networks. The product is currently in an advanced stage of development by
Marnetics and it expects the first to be available to the market by year-end
2001. Shareholders in Marnetics include ECI Telecom (NASDAQ: ECIL), Linkware
Ltd., European and Israeli venture capital funds and private investors, as well
as the directors, managers and employees of Marnetics and its subsidiaries.





                             [MARNETICS LETTERHEAD]



Information about Marnetics may be obtained from the Company's web site:
www.marnetics.com or from the following contact:

Karen Gold Anisfeld, Vice President
Telephone:  ++ 972-9-761-6862;  Facsimile:  ++ 972-9-744-7715
Mobile:     ++ 972-54-209-578
Email:      karen@marnetics.com


CERTAIN STATEMENTS CONTAINED IN THIS PRESS RELEASE ARE NOT HISTORICAL IN NATURE
AND ARE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE NOT
GUARANTEES SINCE THERE ARE INHERENT DIFFICULTIES IN PREDICTING FUTURE RESULTS,
AND ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED IN
THE FORWARD-LOOKING STATEMENTS. FOR A LIST OF MAJOR FACTORS THAT COULD CAUSE
ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE PROJECTED, REFER TO THE FILINGS
OF MARNETICS BROADBAND TECHNOLOGIES LTD. (FORMERLY NAMED STAV ELECTRICAL SYSTEMS
(1994) LTD.) WITH THE SECURITIES AND EXCHANGE COMMISSION.