RiT Technologies Reports Results of Annual Meeting of Shareholders

      RiT Technologies Reports Results of Annual Meeting of Shareholders

PR Newswire

TEL AVIV, Israel, June 18, 2013

TEL AVIV, Israel, June 18, 2013 /PRNewswire/ --

RiT Technologies (NASDAQ: RITT) (the "Company"), today announced that at its
Annual General Meeting of Shareholders held on June 17, 2013, all of the items
on the meeting's agenda were approved by the Company's shareholders. These
items were: (1) the reelection of three directors; (2) the reelection of an
external director; (3) the reappointment of independent auditors; (4) approval
of the terms of procurement of the liability insurance policy covering the
Company's directors and officers; (5) approval of the increase of the
Company's authorized share capital and approval of related amendments to the
Company's Memorandum and Articles of Association; (6) approval of the grant of
stock options to the CEO; (7) approval of the Representative Agreement with
IntElorg Pte Ltd. (Singapore); (8) approval of the terms and framework of
compensation to an employee related to the Company's controlling shareholder;
and (9) approval of the Company's compensation policy for directors and
officers.

About RiT Technologies

RiT is a leading provider of intelligent infrastructure management (IIM)
solutions and a developer of a new revolutionary indoor optical wireless
technology solution. Our IIM products provide and enhance security and network
utilization for data centers, communication rooms and work space environments.
They help companies plan and provision, monitor and troubleshoot their
communications networks, maximizing utilization, reliability and physical
security while minimizing unplanned downtime. RiT's IIM solutions are deployed
around the world, in a broad range of organizations, including: data centers,
enterprises, corporations, government agencies, financial institutions,
airport authorities, healthcare institutions, and education institutions.
RiT's indoor optical wireless technology solution will help our clients
streamline deployment, reduce infrastructure design, installation and
maintenance complexity and enhance security in a cost effective way. RiT's
shares are traded on the Nasdaq exchange under the symbol RITT.

For more information, please visit our website:http://www.rittech.com

Safe Harbor Statement

In this press release, all statements that are not purely about historical
facts, including, but not limited to, those in which we use the words
"believe," "anticipate," "expect," "plan," "intend," "estimate", "forecast",
"target", "could" and similar expressions, are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
While these forward-looking statements represent our current judgment of what
may happen in the future, actual results may differ materially from the
results expressed or implied by these statements due to numerous important
factors, including, but not limited to, those described under the heading
"Risk Factors" in our most recent Annual Report filed with the Securities and
Exchange Commission (SEC) on Form 20-F, which may be revised or supplemented
in subsequent reports filed with the SEC. These factors include, but are not
limited to, the following: our ability to raise additional financing, if
required; the continued development of market trends in directions that
benefit our sales; our ability to maintain and grow our revenues; our
dependence upon independent distributors, representatives and strategic
partners; our ability to develop new products and enhance our existing
products; the availability of third-party components used in our products; the
economic condition of our customers; the impact of government regulation; and
the economic and political situation in Israel. We are under no obligation,
and expressly disclaim any obligation, to update the forward-looking
statements in this press release, whether as a result of new information,
future events or otherwise.

COMPANY CONTACT:

Elan Yaish, CFO
+972-77-270-7210
elan.yaish@rittech.com



SOURCE RiT Technologies Ltd
 
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