OTI Directors Purchase Additional 69,100 Shares of OTIV
November 19 2013 - 7:31AM
Marketwired
OTI Directors Purchase Additional 69,100 Shares of OTIV
ROSH PINA, ISRAEL--(Marketwired - Nov 19, 2013) - On Track
Innovations Ltd. (OTI) (NASDAQ: OTIV), a global leader in cashless
payment solutions based on contactless transactions and near-field
communication (NFC), has reported board members have purchased an
additional 69,100 shares of OTI common stock in the open market
since the company last reported insider transactions in a press
release on October 17, 2013. These purchases were pursuant to Rule
10b5-1 plans executed in June 2013 and/or during open trading
windows pursuant to OTI's insider trading policy.
OTI was advised these purchases total approximately 985,152
shares to date. OTI's directors will be required to report their
holdings and changes in ownership of OTI securities by filing Forms
3, 4 and/or 5 beginning January 1, 2014, when OTI commences
reporting as a U.S. issuer and no longer reports as a foreign
private issuer.
About OTI On Track Innovations Ltd. (OTI) is a leader in
contactless and NFC applications based on its extensive patent and
IP portfolio. OTI's field-proven innovations have been deployed
around the world to address NFC payment solutions, petroleum
payment and management, cashless parking fee collection systems and
mass transit ticketing. OTI markets and supports its solutions
through a global network of regional offices and alliances. For
more information, visit www.otiglobal.com.
Investor Contact: Scott Liolios or Matt Glover Liolios Group,
Inc. 949 574 3860 Email Contact
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