OTI Directors Purchase Additional 181,000 Shares of OTIV
ROSH PINA, ISRAEL -- (Marketwired) -- 10/17/13 -- On Track
Innovations Ltd. (OTI) (NASDAQ: OTIV), a global leader in cashless
payment solutions based on contactless transactions and near-field
communication (NFC), has reported two board members have purchased
approximately an additional 181,000 shares of OTI common stock in the
open market since the company last reported insider transactions in a
press release on August 28, 2013. These purchases were 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 916,052 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
beginning January 1, 2014, when OTI commences reporting as a U.S.
issuer and no longer reports as a foreign private issuer.
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,
Scott Liolios or Matt Glover
Liolios Group, Inc.
949 574 3860
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