ROSH HAAYIN, Israel,
Feb. 8, 2018 /PRNewswire/ --
Pointer Telocation Ltd. (Nasdaq: PNTR & TASE: PNTR) – a
leading developer and operator of Fleet and Mobile Resource
Management (MRM) solutions, announced today that further to its
announcement dated August 2, 2017,
the applicant that filed an application to recognize a claim as a
class action against the Company, has made a request from the
courts in Israel, that his
application should be withdrawn. This was due to the recognition
that his claim had no basis.
Forward Looking Statements
This press release contains historical information and
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 with respect to the
business, financial condition and results of operations of the
Company. The words "believe," "expect," "anticipate," "intend,"
"seems," "plan," "aim," "should" and similar expressions are
intended to identify forward-looking statements. Such statements
reflect the current views, assumptions and expectations of the
Company with respect to future events and are subject to risks and
uncertainties. Many factors could cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements that
may be expressed or implied by such forward-looking statements,
including, among others, changes in the markets in which the
Company operates and in general economic and business conditions,
loss or gain of key customers and unpredictable sales cycles,
competitive pressures, market acceptance of new products, inability
to meet efficiency and cost reduction objectives, changes in
business strategy and various other factors, both referenced and
not referenced in this press release. Various risks and
uncertainties may affect the Company and its results of operations,
as described in reports filed by the Company with the Securities
and Exchange Commission from time to time. The Company does not
assume any obligation to update these forward-looking
statements.
Contact:
Yaniv Dorani, VP Finance and
CFO
Tel.: +972-3-572
3111
E-mail: yanivd@pointer.com
Gavriel Frohwein/ Ehud Helft, GK Investor Relations
Tel: +1 646 688 3559
E-mail: pointer@gkir.com
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SOURCE Pointer Telocation Ltd