BOS Closes Private Placement of Ordinary Shares.TERADYON, Israel -- B.O.S. Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BOSC), (TASE TASE Tel Aviv Stock Exchange TASE The All Seeing Eye TASE Tactical Air Support Element TASE Thrust Assessment Support Environment TASE Telecontrol Application Service Elements (IEC communications protocol) : BOSC), announced today the completion of its private placement offering under which the Company received approximately $1.7 million, and an additional $500,000 will be received within 30 days, for a total investment of nearly $2.2 million. The investors who participated in the investment round included the Catalyst Fund L.P., an Israeli fund which is the Company's largest shareholder; European investors - Brada Investments Limited, Vamos Inc., Arizona Maritime Inc., and Egean Financiera Corporation; and an Israeli institutional investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. - Meitav Gemel Ltd. Additional information with respect to the offering appears in the Company's annual report on Form 20-F, filed with the Securities and Exchange Commission on June 27, 2005. Adiv Baruch, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BOS expressed his satisfaction from the participation of new investors in the offering and said: "I view this a vote of confidence by the investors in BOS' strategy and in the steps taken towards its fulfillment, which include the expansion of our marketing platform and of our R&D efforts." Edouard Cukierman, Chairman of BOS and CEO of the Catalyst Fund, added: "The Catalyst Fund has once again showed its confidence in BOS. I am pleased that other investors joined us and chose BOS as an avenue for their investments." About BOS B.O.S. Better On-line Solutions Ltd. (the "Company" or "BOS") (NASDAQ:BOSC; TASE:BOSC) was established in 1990. BOS develops and markets innovative products that improve enterprise communications and operations. Its activities are focused on three domains: --Communications products- providing easy to install and affordable VoIP and cellular gateways solutions for businesses. BOS communications products leverage existing infrastructure, radically reduce costs and facilitate operations. --Connectivity products marketed under the BOSaNOVA brand name. These products deliver instant and transparent connectivity from IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) iSeries computers to personal computers, thin clients and browsers. --Software utilities solutions for the design, distribution and management of documents for a range of operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. , including mainframe, iSeries, Linux, UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). , and for various enterprise applications - ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. , financial and healthcare applications. In addition BOS supplies electronic and RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. components and technology design services through the ODEM Division, based on Odem Electronic Technologies 1992 Ltd., in which a controlling stake was recently acquired. BOS, www.boscorporate.com is traded on NASDAQ (NASDAQ: BOSC) and on the Tel-Aviv stock exchange (TASE: BOSC). 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, including, but not limited to, those risks and uncertainties detailed in BOS' 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. |
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