RISHON LEZION, Israel, Dec. 18, 2013 (GLOBE NEWSWIRE) -- B.O.S. Better Online Solutions Ltd. ("BOS") (Nasdaq:BOSC), today announced that its RFID and Mobile division and Everis, a multinational consultant, have signed a strategic agreement for the sale of RFID based solutions in Spain, Italy, the United Kingdom and Latin America.
The RFID (Radio Frequency Identification) systems are a solution that enables identification and improves traceability of a wide range of products, which are stored inside and outside of factories, warehouses and stores. BOS' solution offers many advantages in tracking the product: it allows locating by batch, controlling final stocks and online intermediaries. These advantages reduce human errors and operational costs.
Everis is a multi-national consulting agency that offers business, strategy, and development solutions as well as technological application maintenance and outsourcing. Everis is active in the telecommunications, financial, industrial, utilities, energy, banking, insurance, public administration, media and health sectors. Currently, Everis has 10,600 professionals in different offices throughout Europe, the United States and Latin America.
Yuval Viner, BOS Dimex CEO, stated: "We are very pleased with our alliance with Everis, which we expect to be our key sales channel for RFID solutions outside of Israel. The agreement offers customers a comprehensive solution, drawing on BOS' knowledge in RFID based solutions and on Everis' experience in applying technologies in different sectors, with an emphasis on the optimization of supply chains."
Manel Romero, Everis director, stated: "Our experience in working with BOS for the past two years, has led us to this alliance, which we believe will help market solutions throughout Europe and Latin America."
Luis Gutierrez Roy, a BOS board member added: "The alliance demonstrates the strength of BOS' solutions and presents it with a unique opportunity to work internationally with a leading consulting firm. We are honored to be partners with Everis."
B.O.S. Better Online Solutions Ltd. (BOSC) is a leading provider of RFID and Supply Chain solutions to global enterprises. BOS' RFID and mobile division offers both turnkey integration services as well as stand-alone products, including best-of-breed RFID and AIDC hardware and communications equipment, BOS middleware and industry-specific software applications. The Company's supply chain division provides electronic components consolidation services to the aerospace, defense, medical and telecommunications industries as well as to enterprise customers worldwide. For more information, please visit: www.boscorporate.com.
Safe Harbor Regarding Forward-Looking Statements
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 BOS 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, the effect of exchange rate fluctuations, general worldwide economic conditions and continued availability of financing for working capital purposes and to refinance outstanding indebtedness; 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.
Eyal Cohen CFO +972-542525925