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 January, 2004
NEXUS TELOCATION SYSTEMS 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- _______________
For Immediate Release
Nexus
Telocation Systems Ltd. Announces Renewal of
Purchase Orders in Venezuela
Givatayim, Israel, January 14, 2004. Nexus Telocation Systems Ltd. (OTC Bulletin Board: NXUS.OB), a leading provider of Stolen Vehicle Retrieval services, announced today that its Venezuelan customer renewed its purchase orders after approximately two years. The Company received purchase orders of over US$800,000 for the purchase of infrastructure equipment and end units. During the years 2001 and 2002, Nexus’ revenues from the Venezuelan operation, exceeded $10 million.
Arik Avni, Nexus CEO, commented : “I believe these orders mark the renewal of our operations in the Venezuelan market and look forward to our continued development in Latin America.”
Nexus Telocation Systems Ltd. develops, manufactures and markets low energy and cost effective wireless communications and location based information systems through the application of digital spread spectrum technologies deployed in Stolen Vehicle Retrieval applications.
This press release contains
forward-looking statements with respect to the business, financial condition and results
of operations of Nexus and its affiliates. These forward-looking statements are based on
the current expectations of the management of Nexus, 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. Nexus 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@nexus.co.il
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.
| NEXUS TELOCATION SYSTEMS LTD. BY: /S/ Arik Avni —————————————— Arik Avni CEO |
Date: January 15, 2004