Pointer Telocation Ltd. Appoints Mr. Fried as New CFO
January 15 2007 - 5:35AM
PR Newswire (US)
GIVATAYIM, Israel, January 15 /PRNewswire-FirstCall/ -- Pointer
Telocation Ltd. (Nasdaq Capital Market: PNTR, TASE: PNTR), a
leading provider of services to insurance companies and car owners,
including road-side assistance, towing and stolen vehicle retrieval
services in Israel, Argentina and Mexico, announces the appointment
of Mr. Zvi Fried, as Pointer' CFO effective February 1st, 2007. Zvi
Fried, former CFO of the publicly traded Chim Nir and Finance
Director for Amdocs brings to Pointer broad senior experience of
global financial operations including: controllership, worldwide
planning and forecasting, risk management, sales, marketing and
distribution. Mr. Fried holds a B.A. in Economics and Accounting
degree from Bar Ilan University. Introducing the new appointment,
Pointer CEO Danny Stern said: "We welcome Mr. Fried and are sure
that he will contribute to Pointer from his vast experience. We
would like to thank Mr. Stein for his dedicated and professional
contribution to the major turnaround in Pointer during the last 5
years. Ronen will continue to advise Pointer in the coming months.
" About Pointer Telocation: Pointer Telocation Ltd
http://www.pointer.com/ provides range of services to insurance
companies and automobile owners, including road-side assistance,
vehicle towing, stolen vehicle retrieval, fleet management and
other value added services. Pointer Telocation 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 Pointer's technology and operational know-how. Safe
Harbor Statement This press release contains forward-looking
statements with respect to the business, financial condition and
results of operations of Pointer and its affiliates. These
forward-looking statements are based on the current expectations of
the management of Pointer, 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. Pointer 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:
Pointer Telocation 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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