GIVATAYIM, Israel, December 1 /PRNewswire-FirstCall/ -- Nexus Telocation Systems Ltd. (Nasdaq Capital Markets: NXUS), a leading provider of stolen vehicle retrieval services in Israel, Argentina and Mexico, and a leading provider of road side assistance and towing services in Israel, announces the appointment of Mr. Gideon Rossman, as Nexus' VP Business Development and Marketing. Mr. Rossman has over 15 years' Business development experience. In his most recent position, Gideon served as VP at Ormat Systems and was responsible for its Remote Power Business Unit. Prior to it, he served as Business Development Director at Applied Materials a leading Semiconductor industry capital equipment supplier. Gideon holds MBA from Tel Aviv University and BSc in Computer Engineering from the Technion Israel Introducing the new appointment, Nexus CEO Danny Stern said, "Gideon Rossman, brings to Nexus broad senior experience in global companies, worldwide sales and the management of international subsidiaries which will contribute greatly to Nexus' growth and development". About Nexus: Nexus Telocation Systems Ltd provides range of services to automobile owners and insurance companies, including road-side assistance, vehicle towing, stolen vehicle retrieval, fleet management and other value added services. Nexus provides services, for the most part, in Israel, through its subsidiary Shagrir and in Argentina and Mexico through its local subsidiaries. Independent operators provide similar services in Russia and Venezuela utilizing Nexus' technology and operational know-how. This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Nexus and its affiliates. These forward-looking statements are based on the current expectations of the management of Nexus, only, and are subject to risk and uncertainties relating to changes in technology and market requirements, the company's concentration on one industry in limited territories, decline in demand for the company's products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Nexus undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risks and uncertainties affecting the company, reference is made to the company's reports filed from time to time with the Securities and Exchange Commission. Contact: Ronen Stein, V.P. and Chief Financial Officer Tel: +972-3-572-3111 E-mail: Yael Nevat, Commitment-IR.com Tel: +972-3-611-4466 E-mail: DATASOURCE: Nexus Telocation Systems Ltd CONTACT: Contact: Ronen Stein, V.P. and Chief Financial Officer, Tel: +972-3-572-3111, E-mail: ; Yael Nevat, Commitment-IR.com, Tel: +972-3-611-4466, E-mail:

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