August 29,2013

August 29,2013

*Ladies and gentleman, Thank you for standing by.   The conference will begin shortly.
B.O.S.

Ve’idan Conference Coordinator:
Ladies and gentlemen, thank you for standing by.
Welcome to the BOS 2nd  Quarter of year 2013 results conference call.
All participants are at present in listen-only mode.   Following management’s formal presentation instructions will be given for the question and answer session.  
For operator assistance during the conference, please press *0.
As a reminder, this conference call is being recorded, and will be available on the BOS website as of tomorrow.

I would like to remind everyone that this conference call may contain projections or other forward-looking statements regarding future events or the future performance of the Company.   These statements are only predictions and may change as time passes.   B.O.S. does not assume any obligation to update that information.   Actual events or results may differ materially from those projected, including as a result of changing industry and market trends, reduced demand for our products, the timely development of our new products and their adoption by the market, increased competition in the industry and price reductions, as well as due to risks identified in the documents filed by the Company with the SEC."

I would now like to hand over the call to Mr. Yuval Viner, CEO of the company.  
Go ahead Yuval.
Thank you and good morning to all our listeners in the US and good afternoon to those who are joining us from Israel and Europe.

The results for the second quarter of year 13 reflect both top and bottom line improvements over the previous quarter this year and the comparable quarter of last year.
 We are pleased with the continued successful implementation of our long term strategy to improve BOS’ financial position and operational results.

These days we are working intensively on the preparation of our strategic plan for the coming 3 years, which we believe will gradually set BOS on a path of growth. 
Our outlook for year 13 remains a profit on a NON GAAP basis.

Now, I would like to turn over the call to Eyal Cohen.

Eyal Cohen:

Thank you Yuval.
One of the elements of the improvement in our financial results in the first half of year 13 as compared to comparable period last year, was a 50% reduction in the financial expenses, from about $0.5 million in the first half of year 12 to about $300,000 in the first half of year 13.

The  reduction was a result of effective currency hedging, reduction in loans amount and reduction in the interest rate of loans.

In addition, during the first half of year 13, we successfully reduced the number of credit days offered to customers, reduced inventory turnover days and increased trade payable days. 

As of the end of the second quarter we had cash and deposits in the amount of $850,000.

This completes the financial review.  
Thank you.

Ve’idan Conference Coordinator:
Thank you, sir.   Ladies and Gentlemen, at this time we will begin the question and answer session.   If you have a question, please press *1.
If you wish to decline from the polling process please press *2
 If you are using speaker equipment, kindly lift the handset before pressing the numbers.   Your questions will be polled in the order they are received.    
 Please standby while we poll for your questions.

[I repeat, if you have a question please press *1]

The first question is from _______________of ________________.


If you have a question, please press *1.
If you wish to decline from the polling process please press *2
 If you are using speaker equipment, kindly lift the handset before pressing the numbers.   Your questions will be polled in the order they are received.    
 Please standby while we poll for your questions.

The next question is from _______________of ________________.


There are no questions at this time.
Before I ask Mr. Viner to go ahead with his closing statement, I would like to remind participants that a replay of this call will be available on the Company's website:  www.boscorporate.com  by tomorrow.
Mr. Viner would you like to make your concluding statement?
Yes;  Thank you.

We are continuing our day-to-day effort to streamline our operations, improve our products, strengthen our financial position and expand our business overseas. We are confident that we will meet our challenges.

Thank you and Shana Tova for all of you.


This concludes BOS 2nd Quarter of year 2013 results conference call.  
Thank you for your participation.   You may go ahead and disconnect

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