We may have to wait till 2009 for an Israeli SMX conference but the good news from Danny and the 3rd door media people is the announcement of the new SphinnCon:
“a new networking event series designed for Sphinners and anyone interested in internet marketing”
The first Sphinncon event will take place in Israel, February 5th, 2008, See Ya there 
More about it from Barry’s Seroundtable
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