SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 6-K
REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May, 2006
POINTER TELOCATION LTD.
1 Korazin Street
Givatayim, 53583
Israel
| Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. |
Form 20-F x Form 40-F o
| Indicate
by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. |
Yes o No x
If “Yes” is
marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-
Pointer Telocation to Sign a $1.4 million Agreement
Givatayim, Israel -May 26th, 2006. Pointer Telocation Ltd. (Nasdaq Capital Markets: PNTR), a leading provider of services to insurance companies and car owners, including road-side assistance, towing and stolen vehicle retrieval services in Israel, Argentina and Mexico, had signed an agreement with Latin American customer netting approximately $1.4 million, to be recorded as a one time income in Q2 2006 financial results.
In addition, a new service level agreement is being negotiated with the customer to govern future activities.
Danny Stern, Pointer Telocation CEO, said: “Pointer focuses on providing our business partners long term support in both technical and marketing fields. We are positive that such agreements will benefit us in the long term, and expect to further expand our mutual collaboration”.
About Pointer Telocation:
Pointer Telocation Ltd
www.pointer.com provides range of services to insurance companies and automobile
owners, including road-side assistance, vehicle towing, stolen vehicle retrieval, fleet
management and other value added services. Pointer Telocation provides services, for the
most part, in Israel, through its subsidiary Shagrir and in Argentina and Mexico through
its local subsidiaries. Independent operators provide similar services in Russia and
Venezuela utilizing Pointer’s technology and operational know-how.
Safe Harbor Statement
This
press release contains forward-looking statements with respect to the business, financial
condition and results of operations of Pointer and its affiliates. These forward-looking
statements are based on the current expectations of the management of Pointer, only, and
are subject to risk and uncertainties relating to changes in technology and market
requirements, the company’s concentration on one industry in limited territories,
decline in demand for the company’s products and those of its affiliates, inability
to timely develop and introduce new technologies, products and applications, and loss of
market share and pressure on pricing resulting from competition, which could cause the
actual results or performance of the company to differ materially from those contemplated
in such forward-looking statements. Pointer undertakes no obligation to publicly release
any revisions to these forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated events. For a more detailed
description of the risks and uncertainties affecting the company, reference is made to the
company’s reports filed from time to time with the Securities and Exchange
Commission.
Contact:
Ronen Stein, V.P. and Chief Financial Officer
Tel.; 972-3-572 3111
E-mail: ronens@Pointer.co.il
Yael Nevat, Commitment-IR.com
Tel: 972-3-611 4466
E-mail: yael@commitment-IR.com
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| POINTER TELOCATION LTD. By: /s/ Yossi Ben Shalom —————————————— Yossi Ben Shalom Chairman of the Board of Directors |
Date: May 28, 2006