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OTI Appoints Shlomi Eytan As Chief Sales And Marketing Officer

ROSH PINA, Israel, Aug. 1, 2013 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. (OTI) (Nasdaq:OTIV),a global leader in contactless transactions and near-field communication, has appointed Shlomi Eytan to the new position of chief sales and marketing officer.

Eytan will apply his more than 15 years of experience managing global sales organizations to accelerate the global sales of OTI's contactless and near-field communication products. This will involve overseeing the company's entire sales and marketing activities, as well as developing channel relationships in local markets around the globe.

"As we continue to execute on OTI's new strategic plan of growing our core business and systematically monetizing our IP assets, we recognize that bringing on a highly qualified and dynamic sales and marketing executive is a key element to the success of this plan," said Ofer Tziperman, CEO of OTI. "With Shlomi's many years of hands-on experience managing global sales teams, he is the perfect fit as our new head of global sales and marketing. We are confident that his extensive track record of entrepreneurial success will help drive sales and establish new strategic partnerships."

Eytan commented: "OTI's proprietary technology and solutions present a tremendous opportunity to change the way global companies do business. I'm looking forward to leading the new international sales and marketing initiatives, and confident we are well positioned to gain further adoption across a broad range of industries."

Prior to joining OTI, Eytan was vice president of sales for NICE Systems, a publically-traded multi-million dollar software company, focused on the Middle East and Africa, as well as Eastern Europe markets. Eytan was instrumental in exceeding NICE System's sales goals for the EMEA region.

Eytan earned a Masters of Business Administration, with an emphasis in Information Systems, and Bachelor of Business Administration in Management Information Systems from the College of Management School in Israel.

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