B.O.S. in Compliance with All Nasdaq Capital Market Listing Standards
RISHON LEZION, Israel, Jan. 3, 2013 (GLOBE NEWSWIRE) -- B.O.S Better Online
Solutions Ltd. (the "Company", "BOS") (Nasdaq:BOSC), a leading Israeli
provider of RFID and Supply Chain solutions to global enterprises, today
announced that on January 2, 2013, it received a notice from the NASDAQ Office
of General Counsel, Hearings, advising that the Company has regained
compliance with the applicable minimum bid price rule and is in compliance
with all other applicable requirements for listing on The NASDAQ Capital
Market. Accordingly, the Hearings Panel has determined to continue the listing
of the Company's securities on The NASDAQ Stock Market.
Yuval Viner, BOS CEO, stated: "We are very pleased with the Panel's decision,
and expect continuing improvement in the Company's performance."
B.O.S. Better Online Solutions Ltd. (Nasdaq:BOSC) is a leading provider of
RFID and Supply Chain solutions to global enterprises. BOS' RFID and mobile
division offers both turnkey integration services as well as stand-alone
products, including best-of-breed RFID and AIDC hardware and communications
equipment, BOS middleware and industry-specific software applications. The
Company's supply chain division provides electronic components consolidation
services to the aerospace, defense, medical and telecommunications industries
as well as to enterprise customers worldwide.
For more information, please visit: www.boscom.com
Safe Harbor Regarding Forward-Looking Statements
The forward-looking statements contained herein reflect management's current
views with respect to future events and financial performance. These
forward-looking statements are subject to certain risks and uncertainties that
could cause the actual results to differ materially from those in the
forward-looking statements, all of which are difficult to predict and many of
which are beyond the control of BOS. These risk factors and uncertainties
include, amongst others, the dependency of sales being generated from one or
few major customers, the uncertainty of BOS being able to maintain current
gross profit margins, inability to keep up or ahead of technology and to
succeed in a highly competitive industry, inability to maintain marketing and
distribution arrangements and to expand our overseas markets, uncertainty with
respect to the prospects of legal claims against BOS, the effect of exchange
rate fluctuations, general worldwide economic conditions and continued
availability of financing for working capital purposes andto refinance
outstanding indebtedness; and additional risks and uncertainties detailed in
BOS's periodic reports and registration statements filed with the U.S.
Securities Exchange Commission. BOS undertakes no obligation to publicly
update or revise any such forward-looking statements to reflect any change in
its expectations or in events, conditions or circumstances on which any such
statements may be based, or that may affect the likelihood that actual results
will differ from those set forth in the forward-looking statements.
CONTACT: Eyal Cohen
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