RiT Technologies Reports Results of Annual Meeting of Shareholders
September 21 2009 - 8:17AM
PR Newswire (US)
TEL AVIV, Israel, September 21 /PRNewswire-FirstCall/ -- RiT
Technologies (NASDAQ:RITT), the world-leading provider of
intelligent infrastructure management solutions, today announced
that at its Annual General Meeting of Shareholders held on
September 14, 2009, all of the items on the agenda for the meeting
were voted upon and duly approved by the Company's shareholders,
including, (1) re-election of Directors; (2) election of external
Director, Ms. Galia Druker, to the Board of Directors; (3)
re-appointment of independent Auditors; (4) approval of the
Indemnification Agreements to the Company's Directors; (5) Approval
of convertible loan agreement with our controlling shareholder,
Stins Coman Incorporated. About RiT Technologies RiT is a leading
provider of intelligent solutions for infrastructure management,
asset management, environment and security, and network
utilization. RiT Enterprise solutions address datacenters,
communication rooms and workspace environments, ensuring maximum
utilization, reliability, decreased downtime, physical security,
automated deployment, asset tracking, and troubleshooting. RiT
Environment and Security solutions enable companies to effectively
control their datacenters, communications rooms and remote physical
sites and facilities in real-time, comprehensively and accurately.
RiT Carrier solutions provide carriers with the full array of
network mapping, testing and bandwidth qualification capabilities
needed for access network installation and service provisioning.
RiT's field-tested solutions are delivering value in thousands of
installations for top-tier enterprises and operators throughout the
world. For more information, please visit our website:
http://www.rittech.com/ Safe Harbor Statement In this press
release, all statements that are not purely about historical facts,
including, but not limited to, those in which we use the words
"believe," "anticipate," "expect," "plan," "intend," "estimate",
"forecast", "target", "could" and similar expressions, are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. For example, when we
discuss a field trial which could lead to a multi-million dollar
Carrier deal, we are using a forward looking statement. While these
forward-looking statements represent our current judgment of what
may happen in the future, actual results may differ materially from
the results expressed or implied by these statements due to
numerous important factors, including, but not limited to, those
described under the heading "Risk Factors" in our most recent
Annual Report filed with the Securities and Exchange Commission
(SEC) on Form 20-F, which may be revised or supplemented in
subsequent reports filed with the SEC. These factors include, but
are not limited to, the following: our ability to raise additional
financing, if required; the continued development of market trends
in directions that benefit our sales; our ability to maintain and
grow our revenues; our dependence upon independent distributors,
representatives and strategic partners; our ability to develop new
products and enhance our existing products; the availability of
third-party components used in our products; the economic condition
of our customers; the impact of government regulation; and the
economic and political situation in Israel. We are under no
obligation, and expressly disclaim any obligation, to update the
forward-looking statements in this press release, whether as a
result of new information, future events or otherwise. Company
contact: Simona Green VP Finance +972-3-766-4249 DATASOURCE: RiT
Technologies Ltd CONTACT: Company contact: Simona Green, VP
Finance, +972-3-766-4249,
Copyright