OTIV On Track Innovations Ltd

FORT LEE, N.J., May 22 /PRNewswire-FirstCall/ -- On Track Innovations Ltd., (OTI) (NASDAQ:OTIV), a global leader in contactless microprocessor-based smart card solutions, for homeland security, payments, petroleum payments and other applications, announced today that it will report first quarter 2007 operating results on Tuesday, May 29, at 10:00 a.m. Eastern Daylight Savings Time. The Company has scheduled a conference call and simultaneous Web cast. To participate, call: 1-866-491-4244 (U.S. toll free) 1-809-245-917 (Israel toll free) 0-800-180-8316 (Germany toll free) 1-973-582-2815 (Standard international) ID Code: OTI Q1 2007 Results Conference Call At: 7:00 a.m. Pacific Time 10:00 a.m. Eastern Standard Time 16:00 Germany Time 17:00 Israel Time To listen to the web cast please go to: http://www.otiglobal.com/content.aspx?id=226 For those unable to participate, the teleconference will be available for replay until midnight June 5th, by calling U.S.: 877-519-4471 or International; 973-341-3080 and entering the PIN number # 8836804 on the web at: http://www.otiglobal.com/content.aspx?id=226 About OTI Established in 1990, OTI (NASDAQ:OTIV) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards. For more information on OTI, visit http://www.otiglobal.com/. OTI Contact: Galit Mendelson Director of Corporate 201 944 5200 ext. 111 DATASOURCE: On Track Innovations CONTACT: Galit Mendelson, Director of Corporate Communications, +1-201-944-5200 ext. 111, Web site: http://www.otiglobal.com/

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