B.O.S
1-for-5 Reverse Split of Ordinary Shares Effective as of January 12,
2010
The
Company hereby announces that the reverse share split previously announced by
the Company on December 23, 2009, shall become effective prior to the opening of
the market on January 12, 2010. Pursuant to the reverse split, each 5 Ordinary
Shares, NIS 4.00 nominal value per share, will be converted into one Ordinary
Share, NIS 20.00 nominal value per share. No fractional shares will be issued as
a result of the reverse-split. Instead, all fractional shares will be rounded up
to the next higher whole number of shares.
As of
January 11, 2010, there were 13,090,346 Ordinary Shares outstanding and after
the reverse split there will be 2,607,831 Ordinary Shares outstanding. The
exchange agent for the reverse split is American Stock Transfer & Trust
Company, whose address is 6201 15th Avenue, Brooklyn, New York 11219
(tel: (718) 921- 8317 or (877) 248-6417). Once effective, the
post-split shares will trade on the Nasdaq Capital Market under the symbol
"BOSCD". The
trading symbol will be reverted to BOSC on Wednesday, February 10,
2010.
About
BOS
B.O.S.
Better Online Solutions Ltd. (NASDAQ: BOSC) is a leading provider of RFID and
Supply Chain solutions to global enterprises. BOS' RFID and supply chain
offerings are helping over 2,000 customers worldwide improve the efficiency of
enterprise logistics and organizational monitoring and control. BOS' RFID and
mobile division offers both turnkey integration services as well as stand-alone
products, including best-of-breed RFID and AIDC hardware and communications
equipment, BOS middleware, and industry-specific software applications. The
company's supply chain divisions provide RFID and electronic components
consolidation services to the aerospace, defense, medical, telecommunications
industries as well as to enterprise customers worldwide.
For more
information, please visit: www.boscorporate.com
Contact:
B.O.S.
Better Online Solutions Ltd.
Mr.
Eyal Cohen, CFO
+972-3-954-1000
eyalc@boscom.com