OTIV On Track Innovations Ltd

FORT LEE, N.J., Aug. 21 /PRNewswire-FirstCall/ -- On Track Innovations Ltd., (OTI) (NASDAQ:OTIV), a global leader in contactless microprocessor- based smart card solutions, for homeland security, payments, petroleum payments and other applications, announced today that it will report second quarter and first six months 2007 operating results on Monday, August 27, at 09:00 a.m. Eastern Daylight Savings Time. The Company has scheduled a conference call and simultaneous Web cast which will be hosted by Oded Bashan, Chairman and CEO, Ohad Bashan, President and Guy Shafran, CFO. To participate, call: 1-866-491-4244 (U.S. toll free) 180-924-5917 (Israel toll free) 0-800-180-8316 (Germany toll free) 1-973-582-2815 (Standard international) ID Code: OTI Q2 2007 Results Conference Call At: 06:00 a.m. Pacific Time 09:00 a.m. Eastern Standard Time 15:00 Germany Time 16:00 Israel Time To listen to the web cast please go to: http://www.otiglobal.com/content.aspx?id=226 For those unable to participate, the teleconference will be available for replay until midnight September 3rd, by calling U.S: 877-519-4471 or International: 973-341-3080 and entering the PIN number # 9133176 on the web at: http://www.otiglobal.com/content.aspx?id=226 About OTI Established in 1990, OTI (NASDAQ:OTIV) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards. For more information on OTI, visit http://www.otiglobal.com/. OTI Contact: Investor Relations: Galit Mendelson Miri Segal Director of Corporate Communications Strategic Growth International 201 944 5200 ext. 111 212 838 1444 DATASOURCE: On Track Innovations Ltd. CONTACT: Galit Mendelson, Director of Corporate Communications of OTI, +1-201-944-5200 ext. 111, or ; or Investor Relations, Miri Segal of Strategic Growth International, +1-212-838-1444, or Web site: http://www.otiglobal.com/ http://www.otiglobal.com/content.aspx?id=226

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