BOS Enters Into an Exclusive Distribution Agreement With Sigur Capital
RISHON LEZION, Israel, June 2, 2014 (GLOBE NEWSWIRE) -- B.O.S. Better Online
Solutions Ltd. ("BOS") (Nasdaq:BOSC), a leading Israeli provider of RFID and
supply chain solutions to global enterprises, announced today that it has
entered into an exclusive distribution agreement with Sigur Capital Ltd., for
the provision of BOS products and solutions to the African market. Sigur
Capital and its affiliate Sigur Tech shall also provide implementation and
services to the BOS products and solutions in Africa.
Ms. Tiny Diswai–Moremi, Sigur Capital's Chairman stated: "We are delighted to
have exclusively partnered with BOS to serve certain countries in Africa. We
are mostly excited about BOS' solutions for the transportation industry, the
livestock farming sector and retail businesses."
Yuval Viner, BOS' CEO, stated: "We are very pleased with this alliance with
Sigur Capital, and expect Sigur to be one of our key sales channels. Through
Sigur Capital and Sigur Tech, we will be able to offer both governments and
the private sector in Africa with a comprehensive solution to their needs."
About Sigur Capital
A wholly owned subsidiary company of Sigur Holdings (Pty) Ltd., Sigur Capital
is a global investment bank that provides insight, expertise and execution to
investors, companies and government entities.Sigur Capital offer deep sector
expertise across a fullrange of products and services in investmentbanking,
corporate finance and research & strategy throughout the globe.
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
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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