Teradyon, Israel - May 16, 2005 - B.O.S . Better On-line Solutions Ltd. (the "Company" or "BOS") (NASDAQ:BOSC; TASE:BOSC) today announced that it is expanding its activities in Europe and starts selling in the Finish market.
BOS has recently signed a distribution agreement in Finland with Technosmart Oy, who is already distributing the products of Quasar Telecom, a company recently acquired by BOS. Technosmart will begin distributing BOS's Voice over IP gateways, in addition to the Quasar cellular gateways.
"This important partnership is another milestone in our overall strategy to expand our activities in Europe. Partnering with Technosmart will assist us in penetrating the Finish market at first, and then expand to Scandinavia" Says Adiv Baruch, BOS's CEO. "BOS has been very active in the European market, both with its VoIP products and with its other solutions in countries such as England, Germany, France, Portugal, Sweden, and now in Finland"
Mr. Baruch also mentioned that the enhanced activities in Europe are all part of the company's growth strategy through mergers and acquisitions, another part of which was the acquisition of Quasar Telecom by BOS last September.
The joint capabilities of the two companies and the synergy between BOS's VoIP products and Quasar's Cellular gateways are used to leverage BOS's VoIP solutions sales and expand its activities.
B.O.S. Better On-line Solutions Ltd. (the "Company" or "BOS") (NASDAQ:BOSC; TASE:BOSC) was established in 1990. BOS develops and markets innovative products that improve enterprise communications and operations. Its activities are focused on three domains:
Communications products - providing easy to install and affordable VoIP and cellular gateways solutions for businesses. BOS communications products leverage existing infrastructure, radically reduce costs and facilitate operations.
Connectivity products marketed under the BOS?NOVA brand name. These products deliver instant and transparent connectivity from IBM iSeries computers to personal computers, thin clients and browsers.
Software utilities solutions for the design, distribution and management of documents for a range of operating systems, including mainframe, iSeries, Linux, UNIX, and for various enterprise applications - ERP, CRM, financial and healthcare applications.
In addition BOS supplies electronic and RFID components and technology design services through the ODEM Division, based on Odem Electronic Technologies 1992 Ltd., in which a controlling stake was recently acquired.
BOS, is traded on NASDAQ (NASDAQ: BOSC) and on the Tel-Aviv stock exchange (TASE: BOS).
The 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, including, but not limited to, those risks and uncertainties detailed in BOS' periodic reports and registration statements filed with the U.S. Securities 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.
About TechnoSmart Oy
TechnoSmart is a customer-oriented partner that consults and helps to develop their clients' business with money saving solutions. As a systems integrator, TechnoSmart is working as an architect and a solution provider for VoIP and cellular gateways.