Nexus Received a US$ 2.3 million Order for Infrastructure and End User Devices in Venezuela.

Business Editors

GIVATAYIM, Israel--(BUSINESS WIRE)--Jan. 7, 2001

NEXUS TELOCATION SYSTEMS LTD. (NASDAQ: NXUS) today announced the receiving of two purchase orders amounting to a total of U.S$ 2.3 million from Sistemas TimeTrac, its partner in Venezuela. The orders received are for expanding the Nexus Network System coverage in Venezuela and additional AVL (Automatic Vehicle Location) end user units to be installed in vehicles, providing stolen vehicle recovery, location and anti-theft applications. Shlomo Sadowsky, President and CEO of Nexus, commented: "We are very pleased with the new purchase orders and with our partners' impressive success in Venezuela. These repeating purchase orders from Venezuela over the last 2.5 years (six so far), reflect Nexus partners' satisfaction with the product and with Nexus system efficiency in heavily populated areas. The orders greatly reinforces Nexus' activities in its main line of business, Total Wireless Security Mangement Solutions including automatic vehicle location, automatic personal location and work force management applications".

"These new orders will enable our subsidiary TimeTrac to continue its success and expand our services outside the Grand Caracas area. Over the last year our vehicle anti-theft services have been extremely successful in recovering stolen cars, positioning TimeTrac as a leading security service provider in Venezuela" said Mr. Santo Landolfo Senior Vice-President of Telcel, of which TimeTrac is a fully owned subsidiary. Telcel is the largest cellular operator in Venezuela and one of Venezuela's top-tier telecom service providers. Mr. Jorge Alvarez, Sistemas TimeTrac's General Manager added: "We have witnessed the reliability and the performance of Nexus security applications to date. Those capabilities have encouraged us to enlarge the system's coverage to include additional areas and add in the near future additional Nexus' applications and services to our profolio".

Nexus Telocation Systems Ltd. develops manufactures and markets low energy and cost effective wireless communications and location based information systems through the application of digital spread spectrum technologies. Nexus Telocation security services business is performed through business partners in Israel, Venezuela, Argentina, Russia and Chile. NexusData, a fully owned subsidiary of Nexus Telocation Systems Ltd., provides low-cost, wide area data collection and information management for the utility industry. The company offers an end-to-end automatic meter reading solution, which includes wireless meter modules, wide area receivers and data management center. Nexus is a 25% percent owned affiliate of BVR Technologies Ltd. (NASDAQ: BVRT).

This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Nexus and its affiliates. These forward-looking statements are based on the current expectations of the management of Nexus, only, and are subject to risk and uncertainties, changes in technology and market requirements, decline in demand for the company's affiliates' products, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Nexus undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated evens. For a more detailed description of the risks and uncertainties affecting the company, reference is made to the company's reports filed from time to time with the Securities and Exchange Commission.