BOSC - L.I.A. Pure Capital Seeks Dismissal of Board of Directors of B.O.S. Better Online Solutions Ltd.
TEL AVIV, Israel, Feb. 7, 2019 /PRNewswire/ -- L.I.A. Pure Capital Ltd., or Pure Capital, announced today that it has delivered a letter to the board of directors of B.O.S. Better Online Solutions Ltd. (NASDAQ: BOSC), or the Company, demanding that a special meeting of the shareholders be convened no later than April 4, 2019, in order to allow the Company's shareholders to vote upon the removal of the Company's current directors and the election of Pure Capital's director nominees in their stead.
The director nominees proposed by Pure Capital are Eli Yoresh, Itshak Shrem, Lior Amit, Liron Carmel, and Dr. Hedva Voliovitch, nominees which brings to the table a combination of experience, financial expertise and a fresh, unbiased view of the Company's activities. The director nominees will promote a clear agenda of ending the stagnation cultivated and maintained by current management, increasing efficiencies, driving sustainable growth, unlocking the Company's untapped potential and increasing value to shareholders.
Pure Capital has entered into voting agreements with Next-Line Ltd. and iDnext Ltd. in addition to completing the acquisition of 32,804 Ordinary Shares of the Company and as a result now holds voting power over 5.5% of the Company's outstanding share capital.
Pure Capital's letter to the directors of the company can be found at - https://www.sec.gov/Archives/edgar/data/1005516/000121390019001799/sc13d0219ex4liapure_bos.htm.
Pure Capital's position statement, further substantiating its arguments can be found at - https://www.sec.gov/Archives/edgar/data/1005516/000121390019001799/sc13d0219ex5liapure_bos.htm.
About Pure Capital Ltd.
Pure Capital is a privately owned investment company. Pure Capital specializes in identifying underperforming, publically traded companies, taking a substantial stake and steering them on a path to increased shareholder value. Over the last two years, Pure Capital has led various transactions and capital raises totaling over $200 million in the U.S, Canada and Israel for the benefit of its portfolio companies.
About B.O.S. Better Online Solutions Ltd.
B.O.S. Better Online Solutions Ltd. (BOSC) is an Israeli integrator of RFID and Mobile solutions and a provider of Supply Chain solutions to enterprises. BOS' RFID and Mobile division offers both turnkey integration services as well as stand-alone products, including best-of-breed RFID and AIDC hardware and communications equipment, BOS middleware and industry-specific software applications.
Investor Relations Contact:
Michal Efraty
Adi & Michal PR and IR
michal@efraty.com
+972-52-3044404
SOURCE L.I.A Pure Capital Ltd.