SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
1 Korazin Street
Givatayim, 53583
Israel
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For Immediate Release
Pointer Telocation appoints Mr. Israel Ronn as
GM Technology & Products
Givatayim, Israel November 7, 2007, Pointer Telocation Ltd. (Nasdaq: PNTR, TASE: PNTR), a leading provider of services to insurance companies and car owners, including road-side assistance, towing and stolen vehicle retrieval services in Israel, Argentina and Mexico, announced the appointment of Mr. Israel Ronn, as GM Technology & Products.
Mr. Israel Ronn has over 15 years of experience in Business Management. Mr. Ronn
served as CEO of several companies in US and Israel such as Telrad USA and
Tenecs. Mr. Ronn led the merger of Tenecs and Congruency which created Telrad
Connegy. In his most recent position, Mr. Ronn held the position of CEO at
Cellmax Systems.
Mr. Ronn holds a B.A. in Computer Sciences and Economics from
Bar Ilan University and is a graduate of Tafnit Executive Business
Administration Program.
Pointer CEO Mr. Danny Stern said: We welcome Mr. Ronn and are confident that he will contribute to Pointer Telocation due to his vast experience. Israel will lead Cellocators products and technology to enhance and improve our service offering to our existing customers and to additional target markets.
About Pointer Telocation: Pointer Telocation Ltd www.pointer.com provides range of services to insurance companies and automobile owners, including road-side assistance, vehicle towing, stolen vehicle retrieval, fleet management and other value added services. Pointer Telocation provides services, for the most part, in Israel, through its subsidiary Shagrir and in Argentina and Mexico through its local subsidiaries. Independent operators provide similar services in Russia and Venezuela utilizing Pointers technology and operational know-how.
Safe Harbor Statement
This press release contains
forward-looking statements with respect to the business, financial condition and results
of operations of Pointer and its affiliates. These forward-looking statements are based
on the current expectations of the management of Pointer, only, and are subject to
risk and uncertainties relating to changes in technology and market requirements,
the companys concentration on one industry in limited territories, decline
in demand for the companys products and those of its affiliates, inability to
timely develop and introduce new technologies, products and applications, and loss
of market share and pressure on pricing resulting from competition, which could
cause the actual results or performance of the company to differ materially from
those contemplated in such forward-looking statements. Pointer undertakes no obligation
to publicly release any revisions to these forward-looking statements to reflect
events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events. For a more detailed description of the risks and
uncertainties affecting the company, reference is made to the companys reports
filed from time to time with the Securities and Exchange Commission.
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.
POINTER TELOCATION LTD. By: /s/ Yossi Ben Shalom Yossi Ben Shalom Chairman of the Board of Directors |
Date: November 7, 2007