CruiseCam International Signs LOI to Support Israeli Licensing and Distribution.FARMINGTON HILLS Far·ming·ton Hills A city of southeast Michigan, an industrial suburb of Detroit. Population: 81,400. , Mich. -- CruiseCam International Inc. (Pink Sheets:CCMJ), a leading developer of vehicle video integrated technology for law enforcement and motor sports application, is pleased to announce today that it has signed a letter of intent with Israeli-based distributor Yitzhak Kohavi to pursue an exclusive product service and supply agreement between the parties to produce and supply Mobile Video Recording Systems and subcomponents for the following Israeli market segments: law enforcement and military, public transportation and consumer sectors. CruiseCam International 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. Scott Watkins Watkins may refer to:
emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. operations in Israel Israel, in the Bible Israel (ĭz`rēəl, ĭz`rāəl) [as understood by Hebrews,=he strives with God], according to the book of Genesis, name given to Jacob as eponymous ancestor of the Hebrews, the chosen people of God. . As a highly-regarded, twenty-year veteran of the former Israeli Armed Forces and an established marketing professional for two of the largest firms in Israel, we look forward to working with Mr. Kohavi and his team." As part of the proposal, both parties will work to establish a plan for licensing, distribution and product placement in Israel for Cruisecam's mobile video recording systems and subcomponents, tailored to particular market segments, within the next ninety-days. Mr. Kohavi is an established Israeli citizen with extensive expertise in military, defense and law enforcement. A twenty-year veteran of the Israeli Ministry of Defense, Kohavi is also a seasoned marketing professional, holding top tier management positions in two of the largest Israeli marketing firms. Over the last five years, Kohavi has established and operates his own consumer electronic products import and export company. About CruiseCam International CruiseCam International (Pink Sheets:CCMJ), through its two operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , develops and markets integrated, "in-car" camera mount and recording systems for law enforcement, consumer, commercial and transportation applications, as well as for competition racing cars This article is about the Welsh pop band. For auto racing, see Racing cars. Racing Cars is a Welsh pop band, formed in the Rhondda Valley, South Wales in 1973. . The Company's patented technology and industry-first "Cruisecam" offering have been developed since 1999, and are distributed nationwide. For more Information, visit: http://www.cruisecam.com/. Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "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. ." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the company's judgment as of the date of this release. The Company does not undertake to update, revise or correct any forward-looking statements. |
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