BOS’ Supply Chain Division Initiates Sales in Greece
July 10 2024 - 9:35AM
BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ:
BOSC) announced today that its Supply Chain Division has initiated
sales to a customer in Greece.
Avidan Zelicovski, BOS' President,
stated: "BOS' Supply Chain division provides franchised
distribution of electronic components, mainly for the Israeli
defense industry. Recently, we have experienced a growing demand
for our products and services from Europe. I believe this is
related to the increase in the defense budgets of several European
countries. We are ready to realize this opportunity and grow our
business in Europe."
About BOS
BOS leverages cutting-edge technologies
to optimize supply chain operations across three key divisions. The
Intelligent Robotics division streamlines industrial and logistics
inventory processes. The RFID division efficiently marks and tracks
inventory and the Supply Chain division effectively manages
inventory supply.
Safe Harbor Regarding Forward-Looking
StatementsThe 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 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, the effect of the war against the Hamas and
other terrorist organizations, the continued availability of
financing for working capital purposes and to refinance outstanding
indebtedness; and additional risks and uncertainties detailed in
BOS' periodic reports and registration statements filed with the US
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.
For additional information, contact: Eyal Cohen, CEO
+972-542525925 | eyalc@boscom.com
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