OTI Directors Buying Stock
ROSH PINA, Israel, Aug. 28, 2013 (GLOBE NEWSWIRE) -- On Track Innovations Ltd.
(OTI) (Nasdaq:OTIV), a global provider of near field communication (NFC) and
cashless payment solutions, reports several members of its board of directors
have been actively buying OTI ordinary shares in the open market (pursuant to
Rule 10b5-1 plans executed in June 2013 and/or during open trading windows
pursuant to OTI's insider trading policy). OTI was advised these purchases
total approximately 735,000 shares to date. OTI's directors will be required
to report their holdings and changes in ownership of OTI securities by filing
Forms 3, 4 and/or 5 starting on January1, 2014, when OTI will commence
reporting as a domestic issuer and will no longer be entitled to report as a
foreign private issuer.
About On Track Innovations
On Track Innovations Ltd. (OTI) is a leader in contactless and NFC
applications based on its extensive patent and IP portfolio. OTI's
field-proven innovations have been deployed around the world to address NFC
payment solutions, petroleum payment and management, cashless parking fee
collection systems and mass transit ticketing. OTI markets and supports its
solutions through a global network of regional offices and alliances. For more
information, visit www.otiglobal.com.
CONTACT: OTI Contact:
VP, Corporate Relations
732 429 1900 ext. 111
Scott Liolios or Matt Glover
Liolios Group, Inc.
949 574 3860
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