Teleconference Scheduled for November 20th 2008 At 10 a.m. EST --
5:00 p.m. Israel Time
Company Updates Full-Year 2008 Guidance
RISHON LEZION, Israel, Nov. 6, 2008 (GLOBE NEWSWIRE) -- B.O.S. Better Online Solutions Ltd. ("BOS" or the "Company") (Nasdaq:BOSC) (TASE:BOSC) a leading provider of comprehensive Mobile and RFID solutions for the enterprise and of Supply Chain Solutions, announced today that it will report financial results for the third quarter 2008 and nine month period ended September 30, 2008, before the market opens on Thursday, November 20, 2008.
BOS will host a conference call, to be simultaneously Webcast, on Thursday, November 20, 2008 at 10:00 a.m. Eastern Standard Time / 5:00 p.m. Israel Time. A question-and-answer session will follow management's presentation. Interested parties may participate in the conference call by dialing the following numbers approximately five to ten minutes before the call start time:
North America + 1-888-668-9141
Israel + 03-9180685
International + 972-3-9180685
The call is being simultaneously Web cast and can be accessed on the BOS Web site at www.boscorporate.com.
In an update to guidance given earlier this year, the Company believes it will meet the top line guidance of $55m (Non GAAP) but will not achieve the EBITDA guidance as a result of two major factors:
* The on going devaluation of the USD to the NIS. * The reduction in the legacy AS/400 business which is not in the core business of BOS going forward.
For those unable to listen to the live call, a replay of the call will be available from the day after the call in BOS's website, at: http://www.boscorporate.com
About BOS
B.O.S. Better Online Solutions Ltd. ("BOS") was established in 1990.
BOS's operations consist of:
(i) Fully integrated Mobile and RFID Solutions that are offered
either as stand alone products or as full Solutions combined of:
(a) Hardware Devices -- A Mobile and RFID Infrastructure with an
automatic identification and data collection equipment based
on RFID and barcode technology; and
(b) Middleware -- A variety of proprietary Servers intended to
receive data from Hardware, process it and transfer it to the
Software Applications; and
(c) Software Applications -- PointAct application platform for
implementation of various business organizational processes.
(ii) Supply Chain Solutions- reselling electronic systems and
components for security, and aerospace manufacturers.
BOS is traded on NASDAQ and on the Tel-Aviv stock exchange. Our website is www.boscorporate.com.
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. 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, 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 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.