BOS Enters Into a Strategic Agreement With Everis
RISHON LEZION, Israel, Dec. 18, 2013 (GLOBE NEWSWIRE) -- B.O.S. Better Online
Solutions Ltd. ("BOS") (Nasdaq:BOSC), today announced that its RFID and Mobile
division and Everis, a multinational consultant, have signed a strategic
agreement for the sale of RFID based solutions in Spain, Italy, the United
Kingdom and Latin America.
The RFID (Radio Frequency Identification) systems are a solution that enables
identification and improves traceability of a wide range of products, which
are stored inside and outside of factories, warehouses and stores. BOS'
solution offers many advantages in tracking the product: it allows locating by
batch, controlling final stocks and online intermediaries. These advantages
reduce human errors and operational costs.
Everis is a multi-national consulting agency that offers business, strategy,
and development solutions as well as technological application maintenance and
outsourcing. Everis is active in the telecommunications, financial,
industrial, utilities, energy, banking, insurance, public administration,
media and health sectors. Currently, Everis has 10,600 professionals in
different offices throughout Europe, the United States and Latin America.
Yuval Viner, BOS Dimex CEO, stated: "We are very pleased with our alliance
with Everis, which we expect to be our key sales channel for RFID solutions
outside of Israel. The agreement offers customers a comprehensive solution,
drawing on BOS' knowledge in RFID based solutions and on Everis' experience
in applying technologies in different sectors, with an emphasis on the
optimization of supply chains."
Manel Romero, Everis director, stated: "Our experience in working with BOS for
the past two years, has led us to this alliance, which we believe will help
market solutions throughout Europe and Latin America."
Luis Gutierrez Roy, a BOS board member added: "The alliance demonstrates the
strength of BOS' solutions and presents it with a unique opportunity to work
internationally with a leading consulting firm. We are honored to be partners
B.O.S. Better Online Solutions Ltd. (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:
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 and to 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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