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Latest Key Developments (Source: Significant Developments)

Pointer Telocation Ltd. Announces Completion Of Rights Offering
Thursday, 26 Jul 2012 05:10pm EDT 

Pointer Telocation Ltd. announced that the subscription period for its previously announced rights offering expired at New York City time, on July 26, 2012. Subscription rights that were not exercised by 5:00 p.m., New York City time, on July 26, 2012 have expired. Pointer will issue a total of 644,034 ordinary shares in connection with the exercise of the subscription rights. In connection with the rights offering, Pointer's majority shareholder, DBSI Investments Ltd., exercised its basic and over-subscription rights in full. Pointer will receive approximately $1.867 million of gross proceeds in connection with the exercise of the subscription rights. Pointer plans to use the net proceeds to repay a bridge loan and for general working capital purposes, including expanding its foreign operations.  Full Article

Pointer Telocation Ltd. Announces Sale Of Shares To DBSI Investments Ltd. And Public Rights Offering
Monday, 23 Apr 2012 08:54am EDT 

Pointer Telocation Ltd. announced that it has agreed, subject to shareholder approval to issue DBSI Investments Ltd. (DBSI), its controlling shareholder 50,000 ordinary shares of the Company, at a price of $2.95 per share, which is equal to the closing price of the Company's ordinary shares on the Nasdaq Capital Market on April 20, 2012. The contemplated issuance is for the purpose of allowing DBSI to hold in excess of 45% of the issued share capital of the Company, thereby enabling it to participate on the same basis as all of the Company's shareholders, in a rights offering, approved by the Board of Directors of the Company on April 22, 2012. The issuance is subject to shareholder approval and will only be made immediately prior to the initiation of the rights offering. The Board of Directors of the Company approved the rights offering which is intended to raise approximately $2 million by giving shareholders of the Company as of a certain record date, non-transferable rights to purchase 657,580 ordinary shares of the Company at a price per share of $2.90 pro rata among the shareholders.  Full Article

Pointer Telocation Ltd.'s Subsidiary Establishes Limited Partnership For Acquisition Of Activity Of TMC Transportation Ltd.
Monday, 7 Nov 2011 06:34am EST 

Pointer Telocation Ltd. announced that its subsidiary, Shagrir Systems Ltd., has signed a partnership agreement with TCM Transportation Ltd., a company supplying advanced technological solutions for taxi and transportation service fleets. Shagrir will hold 51% of the rights in the partnership's equity. TMC Transportation Ltd. specializes in providing advanced technological solutions for the management, control and collection of the travel fares in taxi and transportation service fleets. SMARTAXI - TMC's flagship product is an advanced system installed in taxis that enables paying the travel fare by credit card, as well as management and control of taxi services for the business sector through an advanced internet website that provides follow-up, authorizations and accounting capabilities. As part of the transaction TMC will transfer its activities to a limited partnership to be jointly established by Shagrir and TMC, which will provide advanced technological solutions for the management, control and collection of travel fares from taxi and transportation service fleets. Shagrir will provide the new partnership with a partner's loan of up to NIS 2.5 million - in accordance with the partnership needs. This loan will carry an annual prime rate interest plus 4% and will be refunded to Shagrir from the partnership's profits.  Full Article

Pointer Telocation Ltd., Through Its Subsidiary Shagrir, Announces Acquisition Of A Car Repair Business
Tuesday, 11 Oct 2011 08:14am EDT 

Pointer Telocation Ltd. announced that its subsidiary, Shagrir Systems Ltd., has signed a definitive agreement to acquire the activities of an Israeli chain of car repair garages for $3.4 million to be paid in two installments. Shagrir will leverage the acquired chain of car repair garages as a complementary service for its array of road side services.  Full Article

Pointer Telocation Ltd. Announces Agreement For Installment Of Advanced Solutions For Fleet Management In Brazil
Tuesday, 4 Oct 2011 07:01am EDT 

Pointer Telocation Ltd. announced that it has entered into an agreement for the supply and installation of advanced solutions to manage a fleet of vehicles in Brazil in a tri-annual agreement for over $3.2 million. Pointer entered into an agreement with a company in Brazil to install its solutions in a fleet of over 2,000 motor vehicles. Pointer's solutions will enable the Brazilian company to effectively track the assets, monitor the vehicle's engine, manage fuel consumption in the Brazilian company's motor vehicles, unauthorized use of the vehicle, improve productivity and reduce accidents. The systems to be installed in Brazil also include a package of solutions to manage a fleet of vehicles with advanced control and command technologies, including the service of stolen vehicle recovery.  Full Article

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