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On Track Innovations OTIVF

Industrials Business Equipment
On Track Innovations Ltd is a developer of cashless payment solutions. It has two reportable segments. The Retail segment includes selling and marketing a variety of products for cashless payment solutions for the retail market. The Petroleum segment includes the manufacturing and selling of fuel payment and management solutions. The group's solution is a wireless, cashless, cardless and paperless refueling tracking and payment solution, providing customers with maximum flexibility and security. It derives a majority of the revenue from the Retail segment.


OTCQX:OTIVF - Post by User

On Track Innovations
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Post by mart33on Mar 27, 2008 7:35pm
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Post# 14914063

OTI Management Announces Purchase of Ordinary Shar

OTI Management Announces Purchase of Ordinary SharOn Track InnovationsLtd, (OTI) (Nasdaq-GM: OTIV), today announced that members of management
purchased an aggregate of 53,860 Ordinary Shares of OTI in the open market using their own personal funds. Oded Bashan, Chief Executive Officer and Chairman, purchased 33,860 shares; Guy Shafran, Chief Financial Officer, purchased 10,000 shares; and Ronnie Gilboa, Director and Vice President of Projects, purchased 10,000 shares. Members of management including Mr. Bashan used their personal funds to purchase the shares. Their decision was based on the market price of the ordinary shares, which they believe to be significantly undervalued. mARCH 18.2008
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