Nexus Telocation Systems Ltd. Announces Changes in Top Management
December 01 2005 - 2:35AM
PR Newswire (US)
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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