BOS Receives Orders for Electronic Components From a Strategic Customer.BOS Expects Delivery in Q4/2008 RISHON LEZION Rishon LeZion (Hebrew: ראשון לציון, lit. first to Zion), is a city on Israel's central coastal plain, south of Tel Aviv. , 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) a leading provider of comprehensive Mobile 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. Solutions and Supply Chain Solutions, announced today that its fully owned subsidiary, Odem Technologies (1992) Ltd. ("Odem"), received orders for electronic components from a strategic customer. These orders amount to over $600,000 and are anticipated to be supplied during the fourth quarter of 2008. The customer is engaged in the aviation industry and is a supplier to large civil aviation customers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The electronic components are intended for a pilot in the business jets industry, an industry that enjoys a growing demand in the last couple of years. Avidan Zelichovski, Odem's 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. and Head of BOS' Supply Chain Solutions for Israel and Europe, commented: "We are very pleased with this new order coming from one of our major strategic customers. The success of this pilot can lead our Company to obtaining orders in significant amounts for 2009 and 2010." Shmuel Koren, BOS's President & CEO, said: "This new order reflects the significant strengthening of our relationships with our customers in the supply chain solutions business and their satisfaction with our products and customer service." About BOS B.O.S. Better Online Solutions Ltd. ("BOS") was established in 1990. BOS's operations consist of: [TABLE OMITTED] BOS is traded on NASDAQ and on the Tel-Aviv stock exchange. Our website is www.boscorporate.com. The forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 our being able to maintain current gross profit margins Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold. gross profit margin A measure calculated by dividing gross profit by net sales. , 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; 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 CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or 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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