ROSH HA'AYIN, Israel, May 29 Pointer-Telocation
ROSH HA'AYIN, Israel, May 29 /PRNewswire-FirstCall/ -- Pointer Telocation
Ltd. (Nasdaq Capital Market: PNTR, Tel-Aviv Stock Exchange: PNTR) - a leading
provider of Automatic Vehicle Location (AVL) technology, stolen vehicle
retrieval services, fleet management, car & driver safety, public safety,
vehicle security, asset management and road side assistance, hereby gives
notice that an Annual Meeting (the "Meeting") of the Shareholders of Pointer
Telocation Ltd. (the "Company") will be held at the offices of Yigal Arnon &
Co., 1 Azrieli Center, 46th Floor, Tel Aviv, on Thursday, July 10, 2008, at
12:00 P.M. (Israel time) for the following purposes:
1. TO ELECT Yossi Ben Shalom, Barak Dotan, Yoel Rosenthal, and Noga Knaz
as directors of the Company for the coming year.
2. TO ELECT Gil Oren and Zvi Rotenberg as external directors
of the Company for a period of three years.
3. TO APPROVE the payment of a director's fee to Noga Knaz,
subject to her election as a director of the Company, at the fixed amount
rate as set forth in the Companies Regulations (Rules Regarding
Compensation and Expenses of an External Director) - 2000.
4. TO GRANT to each of Noga Knaz, Gil Oren and Zvi Rotenberg,
subject to their election as above detailed, options to purchase 3,000
Ordinary Shares of the Company, par value NIS 3.00 each, to vest in three
equal installments over a period of three years, commencing as of the
date of the Meeting, at an exercise price per share equal to the closing
price per share on the date of the Meeting.
5. TO APPOINT Kost Forer Gabbay & Kasierer as the independent public
accountants of the Company for the year ending December 31, 2008 and to
authorize the Audit Committee to fix their remuneration in accordance
with the volume and the nature of their services, as the Audit Committee
may deem fit in their sole discretion.
6. TO ISSUE to DBSI Investments Ltd. ("DBSI"), by way of a private
placement whose objective is to provide DBSI with a controlling parcel in
the Company, Ordinary Shares of the Company, at a price per share equal
to the average closing price of the Company's share on the Nasdaq Capital
Market, as of May 27, 2008, the date of approval of such issuance by the
Board of Directors of the Company until the date of the Meeting, for a
total consideration of $1,000,000.
7. To receive Management's report on the business of the Company for the
year ended December 31, 2006 and year ended December 31, 2007 and to
review the Company's Financial Statements for the years then ended.
Shareholders of record at the close of business on June 1, 2008, will be
entitled to notice of, and to vote at, the Meeting.
Shareholders who do not expect to attend the Meeting in person are
requested to mark, date, sign and mail the enclosed proxy as promptly as
possible in the enclosed stamped envelope.
By Order of the Board of Directors, Pointer Telocation Ltd.
Date: May 28, 2008
About Pointer Telocation:
Pointer Telocation is a leading provider of technology and services to
the automotive and insurance industries, offering a set of services including
Road Side Assistance, Stolen Vehicle Recovery and Fleet Management. Pointer
has a growing client list with products installed in over 400,000 vehicles
across the globe: the UK, Greece, Mexico, Argentina, Russia, Croatia,
Germany, Czech Republic, Latvia, Turkey, Hong Kong, Singapore, India, Costa
Rica, Norway, Venezuela, Hungary, Israel and more. Cellocator, a Pointer
Products Division, is a leading AVL (Automatic Vehicle Location) solutions
provider for stolen vehicle retrieval, fleet management, car & driver safety,
public safety, vehicle security and more. In 2004, Cellocator was selected as
the official security and location equipment supplier for the Olympic Games
in Athens. For more information: http://www.pointer.com
Safe Harbor Statement
This press release contains forward-looking statements with respect to
the business, financial condition and results of operations of Pointer and
its affiliates. These forward-looking statements are based on the current
expectations of the management of Pointer, only, and are subject to risk and
uncertainties relating to changes in technology and market requirements, the
company's concentration on one industry in limited territories, decline in
demand for the company's products and those of its affiliates, 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.
Pointer 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 events. 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.
PROXY STATEMENT
________________
POINTER TELOCATION LTD.
14 Ha'Melacha Street
Park Afek, Rosh Ha'ayin
Israel
________________
ANNUAL MEETING OF SHAREHOLDERS
July 10, 2008
The enclosed proxy is being solicited by our board of directors for use
at our annual meeting of shareholders to be held on Thursday, July 10, 2008,
at 12:00 P.M. or at any adjournment thereof. The record date for determining
which of our shareholders are entitled to notice of, and to vote at, the
meeting is established as of the close of business on June 1, 2008.
The proxy solicited hereby may be revoked at any time prior to its
exercise, by means of a written notice delivered to us, by substitution of a
new proxy bearing a later date or by a request for the return of the proxy at
the meeting.
Upon the receipt of a properly executed proxy in the form enclosed, the
persons named as proxies therein will vote the ordinary shares covered
thereby in accordance with the instructions of the shareholder executing the
proxy. With respect to the proposals set forth in the accompanying Notice of
Meeting, a shareholder may vote in favor of the proposals or against them or
may abstain from voting on the proposals. Shareholders should specify their
choice on the accompanying proxy card. If no specific instructions are given
with respect to the matter to be acted upon, the shares represented by a
signed proxy will be voted FOR the proposals set forth in the accompanying
Notice of Meeting, subject to the terms of applicable law.
Any shareholder returning the accompanying proxy may revoke such proxy at
any time prior to its exercise by (i) giving written notice to us of such
revocation, (ii) voting in person at the meeting or requesting the return of
the proxy at the meeting or (iii) executing and delivering to us a
later-dated proxy.
Each ordinary share is entitled to one vote on each matter to be voted on
at the meeting. Subject to the terms of applicable law, two or more
shareholders present, personally or by proxy, who hold or represent together
at least 33 1/3% of the voting rights of our issued share capital will
constitute a quorum for the meeting. If within half an hour from the time
appointed for the meeting a quorum is not present, the meeting shall stand
adjourned for one week at the same hour and place, without it being necessary
to notify our shareholders. If a quorum is not present at the adjourned date
of the meeting within half an hour of the time fixed for the commencement
thereof, subject to the terms of applicable law, the persons present shall
constitute a quorum.
Proposals 1, 3, 4 and 5 to be presented at the meeting, require the
affirmative vote of shareholders present in person or by proxy and holding
our ordinary shares amounting in the aggregate to at least half of the votes
actually cast with respect to such proposal.
Proposal 2, to be presented at the meeting requires the affirmative vote
of shareholders present in person or by proxy and holding our ordinary shares
amounting in the aggregate to (i) the majority of the votes actually cast
with respect to such proposal including at least one-third of the voting
power of the non-controlling shareholders (as such term is defined in the
Israel Securities Law, 1968) who are present in person or by proxy and vote
on such proposal, or (ii) the majority of the votes cast on such proposal at
the meeting, provided that the total votes cast in opposition to such
proposal by the non-controlling shareholders (as such term is defined in the
Israel Securities Law, 1968) does not exceed 1% of all the voting power in
the Company.
Proposal 6, requires the affirmative vote of shareholders present in
person or by proxy and holding our ordinary shares amounting in the aggregate
to at least a majority of the votes actually cast with respect to such
resolution, provided that one of the following shall apply: (i) the majority
of the votes includes at least one third of all the votes of shareholders who
do not have a personal interest in the approval of the transaction and who
are present at the Meeting; abstentions shall not be included in the total of
the votes of the aforesaid shareholders; or (ii) the total of opposing votes
from among the shareholders said in subsection (i) above does not exceed 1%
of all the voting rights in the Company.
For this purpose, "personal interest" is defined as: (1) a shareholder's
personal interest in the approval of an act or a transaction of the Company,
including (i) the personal interest of any of his or her relatives (which
includes for these purposes any members of his/her immediate family or the
spouse of any such members of his or her immediate family); and (ii) a
personal interest of a body corporate in which a shareholder or any of
his/her aforementioned relatives serve as a director or the chief executive
officer, owns at least 5% of its issued share capital or its voting rights or
has the right to appoint a director or chief executive officer, but (2)
excludes a personal interest arising solely from the fact of holding shares
in the Company or in a body corporate.
PROPOSAL 1
ELECTION OF DIRECTORS
The management of the Company has nominated the persons named below for
election as directors to serve for a period of one year and until their
respective successors are duly elected and shall qualify.
The following table provides certain relevant information concerning the
nominees, including their principal occupation during the past five years.
Nominee Age Principal Occupation
Yossi Ben 52 Yossi Ben Shalom has served as our Chairman of the
ShalomBoard of Directors since April 2003. Mr. Ben Shalom
was Executive Vice President and Chief Financial
Officer of Koor Industries Ltd. (KOR) from 1998
through 2000. Before that, Mr. Ben-Shalom served as
Chief Financial Officer of Tadiran Ltd. Mr.
Ben-Shalom was an active director in numerous
boards, such as at NICE Systems (NICE), (computer
telephony), Machteshim Agan (chemistry), and
Investec Bank, amongst others. Mr. Ben-Shalom was an
active chairman in successful turnaround programs,
such as Eurocar Israel, and American Express Israel.
He participated in the creation of TDA VC fund (a
joint venture between Tempelton and Tadiran). He was
an active Chairman of Scopus - a technology company
with sales of over $30 million. Yossi is a
co-founder of DBSI Investments Ltd.
Barak Dotan 40 Barak Dotan was appointed a director on our board in
April 2003. Mr. Dotan is a co-founder of DBSI
Investments Ltd., a private investment company that
has made various investments in private and public
companies. Before establishing DBSI Investments, Mr.
Dotan worked as Product Manager for Jacada (Nasdaq:
JCDA), formerly CST, a software company that
provides a complete software infrastructure to
transform legacy systems into e-business and
wireless solutions, and thereafter managed private
investments in high-tech and other areas. Mr. Dotan
graduated from the Hebrew University of Jerusalem
summa cum laude with a B.Sc. in Computer Science and
Business Management.
Yoel 53 Yoel Rosenthal was appointed a director on our Board
Rosenthal in April 2003. He is a veteran accountant with over
20 years of experience. Prior to joining D.B.S.I.
Mr. Rosenthal was a founder and partner of a private
accounting firm in Israel, Bruckner, Rosenthal,
Ingber, He also held the position of Loan Officer
for multinational corporations at the Bank of
Montreal in the USA. Mr. Rosenthal received an MBA
with honors from the University of California at Los
Angeles and a BA in Economics and Accounting from
Tel Aviv University.
Noga Knaz 42 Noga Knaz is the Chief Executive Officer of Rosario
Capital Ltd. as of 2007. From 2006 until 2007 Ms.
Knaz served as the Chief Executive Officer of Dash
Securities and Investments Ltd. During the years
2002 - 2006 Ms. Knaz served in various managerial
positions in Migdal Capital Markets Ltd., including
co-Chief Executive Officer and head of investments
and marketing division. Ms. Knaz holds a B.A from
Haifa University.
Our board of directors will present the following resolution at the
meeting:
"RESOLVED, that Mr. Yossi Ben Shalom, Mr. Barak Dotan, Mr. Yoel Rosenthal
and Ms. Noga Knaz are hereby elected to serve as directors for the coming
year and until their respective successors are duly elected and shall
qualify."
In the absence of instructions to the contrary, the person named in the
enclosed proxy will vote our ordinary shares represented thereby "For" the
election of Mr. Yossi Ben Shalom, Mr. Barak Dotan, Mr. Yoel Rosenthal and Ms.
Noga Knaz.
The affirmative vote of the holders of at least fifty percent of the
voting power represented at the meeting in person or by proxy and voting
thereon is necessary for approval of Proposal 1.
PROPOSAL 2
PROPOSAL TO ELECT GIL OREN AND ZVI ROTENBERG AS EXTERNAL
DIRECTORS OF THE COMPANY FOR A PERIOD OF THREE YEARS
The Israeli Companies Law requires Israeli companies with shares that
have been offered to the public in or outside of Israel to appoint two
external directors. No person may be appointed as an external director if the
person or the person's relative, partner, employer or any entity under the
person's control, has or had, on or within the two years preceding the date
of the person's appointment to serve as external director, any affiliation
with the company or any entity controlling, controlled by or under common
control with the company. The term "affiliation" includes:
- an employment relationship;
- a business or professional relationship maintained on a
regular basis;
- control of the company; and
- service as an office holder.
No person may serve as an external director if the person's position or
other business activities create, or may create, a conflict of interest with
the person's responsibilities as an external director or may otherwise
interfere with the person's ability to serve as an external director.
The initial term of an external director is three years and may be
extended for an additional three-year period. External directors may be
removed only by the same percentage of shareholders as is required for their
election, or by a court, and then, only if the external directors cease to
meet the statutory qualifications for their appointment or if they violate
their duty of loyalty to the company. Each committee of a company's board of
directors must include at least one external director and all external
directors must be members of the company's audit committee.
A copy of each of Gil Oren and Zvi Rotenberg declarations of meeting the
requirements of the Israeli Companies Law to serve as an external director
may be viewed at the offices of the Company.
Our board of directors recommends to elect Gil Oren and Zvi Rotenberg as
external directors of the Company. Certain information concerning Gil Oren
and Zvi Rotenberg appears below.
Nominee Age Principal Occupation
Gil Oren 56 Gil Oren is an independent business advisor. During
the years 2002-2007 Mr. Oren served as the Chief
Executive Officer of Ytong Industries Ltd. During
such years Mr. Oren also served on the Board of
Directors of Ytong Industries Ltd., Nirlat Ltd.,
Aloni Conglomerate Ltd., Carmit Ltd., Orlight
Industries Ltd. (in addition to serving as the Chief
Executive Officer of such company), Orlight
Millennium Ltd., Walcan Casting Ltd., Ordan
Industries Ltd. Mr. Oren holds a B.A in accounting
and economics from Tel Aviv University and a M.B.A
from Tel Aviv University.
Upon his appointment as an external director the
Company shall deem Mr. Oren as possessing accounting
and financial expertise.
Zvi Rotenberg 52 Zvi Rotenberg is the Chief Executive Officer of
Ashkalit Chemiprod Ltd. Mr. Rotenberg has been with
Ashkalit Chemiprod Ltd. as of 1997 and has also
served as the Chief Executive Officer of Durband, a
subsidiary of Ashkalit Chemprod Ltd. based in
Hungary. Mr. Rotenberg holds a B.A. in Industry and
Management Engineering from Ben Gurion University.
Our board of directors will present the following resolution at the
meeting:
"RESOLVED, that Gil Oren and Zvi Rotenberg are hereby elected to serve as
our external directors for a three year term."
Approval of this proposal by the shareholders requires approval by: (i)
the majority of votes cast at the meeting, including at least one third of
all votes of the non-controlling shareholders who are present in person or by
proxy and vote on the proposal, or (ii) the majority of votes cast on the
proposal at the meeting, provided that the total votes cast in opposition to
the proposal by the non-controlling shareholders does not exceed 1% of all
the voting rights in our company.
PROPOSAL 3
PROPOSAL TO APPROVE THE PAYMENT OF A DIRECTOR'S FEE TO NOGA
KNAZ, SUBJECT TO HER APPOINTEMENT AS A DIRECTOR OF THE COMPANY
Pursuant to the Israeli Companies Law the terms of compensation of
members of a Board of Directors requires approval of the Audit Committee, the
Board of Directors and the shareholders of a company. Our audit committee and
our board of directors recommends to pay to Noga Knaz, subject to her
election as a director of the Company, a director's fee equal to the fixed
amount set forth in the Companies Regulations (Rules Regarding Compensation
and Expenses of an External Director) - 2000.
In compliance with the Law, our board of directors will present the
following resolution at the meeting:
"RESOLVED, to approve the payment of a director's fee to Noga Knaz,
subject to her election as a director of the Company, at the fixed amount
rate as set forth in the Companies Regulations (Rules Regarding Compensation
and Expenses of an External Director) - 2000."
In the absence of instructions to the contrary, the person named in the
enclosed proxy will vote our ordinary shares represented thereby "For" the
approval of payment of a director's fee to Noga Knaz, subject to her election
as a director of the Company, at the fixed amount rate as set forth in the
Companies Regulations (Rules Regarding Compensation and Expenses of an
External Director) - 2000.
Our board of directors recommends a vote FOR the payment of a director's
fee.
The affirmative vote of the holders of at least fifty percent of the
voting power represented at the meeting in person or by proxy and voting
thereon is necessary for approval of Proposal 3.
PROPOSAL 4
PROPOSAL TO GRANT TO EACH OF NOGA KNAZ, GIL OREN AND ZVI ROTENBERG
OPTIONS TO PURHCASE 3,000 ORDINARY SHARES OF THE COMPANY
Pursuant to the Israeli Companies Law the terms of compensation of
members of a Board of Directors requires approval of the Audit Committee, the
Board of Directors and the shareholders of a company. Our audit committee and
our board of directors recommends to grant to each of Noga Knaz, Gil Oren and
Zvi Rotenberg, subject to their election as directors of the Company, options
to purchase 3,000 Ordinary Shares of the Company, par value NIS 3.00 each, to
vest in three equal installments over a period of three years, on the first,
second and third anniversary of the Meeting, at an exercise price per share
equal to the closing price per share on the date of the Meeting. The vesting
of the options shall be subject to the continued provision of services by
each of the directors on each applicable vesting date and the options shall
be exercisable for a period of five years of the date of the Meeting.
In compliance with the Law, our board of directors will present the
following resolution at the meeting:
"RESOLVED, to approve the grant to each of Noga Knaz, Gil Oren and Zvi
Rotenberg options to purchase 3,000 Ordinary Shares of the Company, par value
NIS 3.00 each, to vest in three equal installments over a period of three
years, on the first, second and third anniversary of the Meeting, at an
exercise price per share equal to the closing price per share on the date of
the Meeting. The vesting of the options shall be subject to the continued
provision of services by each of the directors on each applicable vesting
date and the options shall be exercisable for a period of five years of the
date of the Meeting."
In the absence of instructions to the contrary, the person named in the
enclosed proxy will vote our ordinary shares represented thereby "For" the
grant to each of Noga Knaz, Gil Oren and Zvi Rotenberg options to purchase
3,000 Ordinary Shares of the Company, par value NIS 3.00 each, to vest in
three equal installments over a period of three years, on the first, second
and third anniversary of the Meeting, at an exercise price per share equal to
the closing price per share on the date of the Meeting. The vesting of the
options shall be subject to the continued provision of services by each of
the directors on each applicable vesting date and the options shall be
exercisable for a period of five years of the date of the Meeting.
Our board of directors recommends a vote FOR the grant of the options.
The affirmative vote of the holders of at least fifty percent of the
voting power represented at the meeting in person or by proxy and voting
thereon is necessary for approval of Proposal 4.
PROPOSAL 5
TO APPOINT KOST FORER GABBAY & KASIERER AS THE INDEPENDENT PUBLIC
ACCOUNTANTS OF THE COMPANY FOR THE YEAR ENDING DECEMBER 31, 2008 AND TO
AUTHORIZE THE AUDIT COMMITTEE TO FIX THEIR REMUNERATION
The Israeli Companies Law requires the shareholders meeting of a company
to appoint its independent public accountants.
In compliance with the law, our board of directors will present the
following resolution at the meeting:
"RESOLVED to appoint Kost Forer Gabbay & Kasierer as the independent
public accountants of the Company for the year ending December 31, 2008 and
to authorize the Audit Committee to fix their remuneration in accordance with
the volume and the nature of their services, as the Audit Committee may deem
fit in their sole discretion."
In the absence of instructions to the contrary, the person named in the
enclosed proxy will vote our ordinary shares represented thereby "For" the
appointment of Kost Forer Gabbay & Kasierer as the independent public
accountants of the Company for the year ending December 31, 2008 and
authorizing the Audit Committee to fix their remuneration in accordance with
the volume and the nature of their services, as the Audit Committee may deem
fit in their sole discretion.
Our board of directors recommends a vote FOR the appointment of Kost
Forer Gabbay & Kasierer as the independent public accountants of the Company.
The affirmative vote of the holders of at least fifty percent of the
voting power represented at the meeting in person or by proxy and voting
thereon is necessary for approval of Proposal 5.
PROPOSAL 6
TO ISSUE TO DBSI INVESTMENTS LTD. ("DBSI"), BY WAY OF A PRIVATE PLACEMENT
WHOSE OBJECTIVE IS TO PROVIDE DBSI WITH A CONTROLLING PARCEL IN THE
COMPANY, ORDINARY SHARES OF THE COMPANY, AT A PRICE PER SHARE EQUAL TO
THE AVERAGE CLOSING PRICE OF THE COMPANY'S SHARE ON THE NASDAQ CAPITAL
MARKET, AS OF MAY 27, 2008, THE DATE OF APPROVAL OF SUCH ISSUANCE BY THE
BOARD OF DIRECTORS OF THE COMPANY UNTIL THE DATE OF THE MEETING, FOR A
TOTAL CONSIDERATION OF $1,000,000
In accordance with the Israeli Companies Law a shareholder shall not
purchase shares of a public company as a result of which a shareholder shall
become the holder of a controlling parcel, if there is no other shareholder
holding a controlling parcel in such company, except as provided for under
the Companies Law. A controlling parcel is defined as shares which entitle
the holder thereof to twenty five percent or more of the total voting rights
in a General Meeting.
Currently there is no shareholder which holds a controlling parcel in the
Company. In accordance with Israeli law a shareholder may purchase shares
from the Company, by way of a private issuance, which shall result in such
shareholder holding a controlling parcel, provided such issuance has been
approved by the General Meeting as a private issuance whose objective is to
provide such shareholder with a controlling parcel.
In compliance with the law, our board of directors will present the
following resolution at the meeting:
"RESOLVED to issue to DBSI Investments Ltd. ("DBSI"), by way of a private
placement whose objective is to provide DBSI with a controlling parcel in the
Company, Ordinary Shares of the Company, at a price per share equal to the
average closing price of the Company's share on the Nasdaq Capital Market, as
of May 27, 2008, the date of approval of such issuance by the Board of
Directors of the Company until the date of the Meeting, for a total
consideration of $1,000,000."
In the absence of instructions to the contrary, the person named in the
enclosed proxy will vote our ordinary shares represented thereby "For" the
issuance to DBSI by way of a private placement whose objective is to provide
DBSI with a controlling parcel in the Company, Ordinary Shares of the
Company, at a price per share equal to the average closing price of the
Company's share on the Nasdaq Capital Market, as of May 27, 2008, the date of
approval of such issuance by the Board of Directors of the Company until the
date of the Meeting, for a total consideration of $1,000,000.
Our board of directors recommends a vote FOR the issuance of shares to
DBSI.
The affirmative vote of the holders of a majority of the voting power of
the Company represented at the Meeting in person or by proxy and voting
thereon is necessary for approval and ratification of the resolution to issue
shares to DBSI provided that one of the following shall apply: (i) the
majority of the votes includes at least one third of all the votes of
shareholders who do not have a personal interest in the approval of the above
resolution and who are present at the Meeting; abstentions shall not be
included in the total of the votes of the aforesaid shareholders; or (ii) the
total of opposing votes from among the shareholders said in subsection (i)
above does not exceed 1% of all the voting rights in the Company.
The above resolution was approved by the Audit Committee and the Board of
Directors of the Company, in their meetings held May 27, 2008.
PRESENTATION OF FINANCIAL STATEMENTS
To receive Management's report on the business of the Company for the
year ended December 31, 2006 and the year ended December 31, 2007 and to
receive the Company's Consolidated Balance Sheets at December 31, 2006 and
the year ended December 31, 2007 and the Consolidated Statements of Income
for the years then ended.
The Israeli Companies Law requires the presentation of the Consolidated
Balance Sheets of the Company to the Shareholders of the Company.
The Management's report on the business of the Company for the year ended
December 31, 2006 and the year ended December 31, 2007 and the Company's
Consolidated Balance Sheets at December 31, 2006 and December 31, 2007 and
the Consolidated Statements of Income for the years then ended will be
presented to the Shareholders of the Company.
Shareholders are urged to complete and return their proxies promptly in
order to, among other things, ensure action by a quorum and to avoid the
expense of additional solicitation. If the accompanying proxy is properly
executed and returned in time for voting, and a choice is specified, the
shares represented thereby will be voted as indicated thereon. If no
specification is made, the proxy will be voted in favor of the proposals
described in this proxy statement.
By Order of the Board of Directors
________________
May 28, 2008
Contact:
Zvi Fried, V.P. and Chief Financial Officer
Tel.; +972-3-572-3111
E-mail: zvif@pointer.com
Yael Nevat, Commitment-IR.com
Tel: +972-9-741-8866
E-mail: yael@commitment-IR.com
SOURCE Pointer Telocation Ltd
