Pointer Telocation Announces Applicant Requests Withdrawal of Class Action Claim Against Pointer

ROSH HAAYIN, Israel, Feb. 8, 2018 /PRNewswire/ -- Pointer Telocation Ltd. (Nasdaq: PNTR & TASE: PNTR) – a leading developer and operator of Fleet and Mobile Resource Management (MRM) solutions, announced today that further to its announcement dated August 2, 2017, the applicant that filed an application to recognize a claim as a class action against the Company, has made a request from the courts in Israel, that his application should be withdrawn. This was due to the recognition that his claim had no basis.

Forward Looking Statements

This press release contains historical information and forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 with respect to the business, financial condition and results of operations of the Company. The words "believe," "expect," "anticipate," "intend," "seems," "plan," "aim," "should" and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views, assumptions and expectations of the Company with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in the markets in which the Company operates and in general economic and business conditions, loss or gain of key customers and unpredictable sales cycles, competitive pressures, market acceptance of new products, inability to meet efficiency and cost reduction objectives, changes in business strategy and various other factors, both referenced and not referenced in this press release. Various risks and uncertainties may affect the Company and its results of operations, as described in reports filed by the Company with the Securities and Exchange Commission from time to time. The Company does not assume any obligation to update these forward-looking statements.

Contact:

Yaniv Dorani, VP Finance and CFO            
Tel.: +972-3-572 3111                                   
E-mail: yanivd@pointer.com

Gavriel Frohwein/ Ehud Helft, GK Investor Relations
Tel: +1 646 688 3559
E-mail: pointer@gkir.com

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SOURCE Pointer Telocation Ltd