BOS' Shareholders Voted Against Pure Capital’s Proposals
April 11 2019 - 12:00PM
72% of votes were against Pure Capital’s Board
Nominees
B.O.S. Better Online Solutions Ltd. ("BOS" or the "Company")
(NASDAQ: BOSC), a leading Israeli integrator of RFID and Mobile
solutions and a global provider of Supply Chain solutions to
enterprises, announced that at the Special General Meeting of
shareholders that took place today the Company’s shareholders voted
against the proposals of Pure Capital, as follows:
1. Proposal to remove form
office the Company’s current serving directors was rejected by a
majority of 70% of the votes.2.
Proposal to elect nominees of Pure Capital to serve as members of
the Board of Directors was rejected by a majority of 72% of the
votes.
Yossi Lahad, BOS' Chairman of the Board of Directors, commented,
“We are very pleased with the overwhelming vote of confidence we’ve
received from our shareholders. On behalf of the Board of
Directors and the management team I thank the shareholders for
their support. We remain committed to acting in the shareholders'
best interests as we continue to execute BOS' growth
strategy.”
About BOSB.O.S. Better Online Solutions Ltd.
(BOSC) is a leading Israeli provider of RFID and Mobile solutions
and a global provider of Supply Chain solutions to 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.
Investor Relations
Contact: |
Company
Contact: |
John Nesbett/Jennifer
Belodeau |
Eyal Cohen, Co-CEO &
CFO |
IMS Investor
Relations |
B.O.S. Better Online
Solutions Ltd. |
(203) 972-9200 |
+972-542525925 |
jnesbett@institutionalms.com |
|
Safe Harbor Regarding Forward-Looking
StatementsThe 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;
risks associated with completing and successfully integrating an
acquisition with BOS’ existing business; and additional risks and
uncertainties detailed in BOS' periodic reports and registration
statements filed with the U.S. Securities and 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.
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