B.O.S Announces Opening of Dallas, Texas-Based Sales Office and Appointment U.S. Sales Manager
November 21 2019 - 8:30AM
B.O.S Better Online Solutions Ltd. ("BOS" or the "Company")
(NASDAQ: BOSC), a global provider of RFID and Robotic systems and
Supply Chain solutions for enterprises, announced today that it has
appointed a U.S. Sales Manager and is establishing a U.S. sales
office in Dallas, Texas.
Eyal Cohen, BOS co-CEO and CFO stated, “BOS,
through the acquisition of Imdecol, has a proven track record of
global success providing In Mold Label (“IML”) robotic systems that
integrate with a plastic injection machine to provide automated in
mold decorating. We believe that with more than 500 global
installations of Imdecol IML robots, we are well-positioned to more
aggressively market our capabilities to U.S. manufacturers, who we
are targeting as our primary market for IML robots. With this in
mind, we’re establishing a Dallas sales office so that we may more
readily capitalize on new opportunities to increase our market
share and drive growth."
Mr. Yuval Viner, BOS co-CEO stated, "We are
pleased to announce the expansion of our international sales team
with the appointment of Mr. Carter Ash as U.S. Sales Manager. We
look forward to leveraging his expertise and connections in the US
plastic industry as we focus on growing our U.S. and North American
footprint."
Mr. Ash has had a distinguished career of more
than 20 years as a sales and marketing professional in the plastics
industry with specific experience selling in mold label
packaging. Most recently he served as Vice President of Sales
& Marketing for Dynamic Drinkware, where he was responsible for
leading the company’s pursuit of new markets, technologies and
products. Before that, Mr. Ash served as Director of Business
Development for Airlite Plastics, where he oversaw the design,
development and marketing of proprietary In Mold Label products to
one of North America’s largest “quick service” restaurant
chains. Earlier in his career, he served as Vice President of
Sales/Marketing for Magenta, LLC, where he built a new drinkware
division and prior to that as Vice President of Sales at
Thermoserv-Aladdin, a drinkware manufacturer. Mr. Ash
received a B.S. degree from Wheaton College.
Carter Ash, U.S. Sales Manager commented, “I am
honored and excited to join the BOS team. We look forward to
bringing our flexible design approach to the growing North American
IML market. Clients will appreciate the world-class quality,
innovation and value that are synonymous with the Imdecol brand
around the globe.”
About BOSB.O.S is a global provider of RFID and
Robotic systems and of Supply Chain solutions to enterprises. BOS
offers smart automation systems for industrial processes, logistics
and retail stores. The Company's Supply Chain division provides
electronic components mainly for the aerospace, defense and other
industries worldwide including electronic components services of
consolidation from a vast number of suppliers, long term scheduling
and kitting. For more information, please
visit: www.boscorporate.com or contact:
International John Nesbett
IMS Investor Relations (203) 972-9200
jnesbett@institutionalms.com |
Company Contact Eyal Cohen,
Co-CEO & CFOBOS +972-542525925eyalc@boscom.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 a 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’s 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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