Q4 2017 Conference Call

Q4 2017 Conference Call

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

BOS

Veidan Conference Coordinator:
Ladies and gentlemen, thank you for standing by.
Welcome to the BOS 4th Quarter and full year 2017 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.   BOS 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.

Yuval
We are pleased with year 2017 results.
The acquisition we made in 2016 yield in 2017 and positively affected our financial results in year 2017.
Our working plan for 2018 is to continue to grow our revenues and net income.
Our RFID and Mobile division might benefit from the growing demands for technological solutions and services for tracing over inventory in logistic centers and stores.
Our Supply Chain division might benefit from the continuing of business relations between the Israeli and Indian defense industry. Revenues from India grew in 2017 by 44% to $4.5 million from $3.1 million in 2016.
In addition we continue to seek over opportunities to expand our product offering through acquisition of complementary business for the RFID and for the Supply chain divisions.


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

Thank you Yuval

Eyal
We are pleased with 2017 record results and we still have a lot of plans to execute going forward.

We are encouraged by the trading volume in BOS' stock following the release of the financial reports yesterday, but the valuation is still below our expectation.

We plan to invest more in Investor relations going forward in order to expose BOS' story and potential to the investor's community.

Thank you


Veidan 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 website:  www.boscorporate.com  by tomorrow.
Mr. Viner would you like to make your concluding statement?

Yes, Thank for joining us today and looking forward our next call that will me at the end of May.

This concludes BOS 4th Quarter 2017 results conference call.  
Thank you for your participation.   You may go ahead and disconnect.

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