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Pointer Telocation Ltd. Announces CEO Danny Stern Stepping Down and Being Replaced by David Mahlab

January 13, 2011

ROSH HA’AYIN, Israel, January 13, 2011 /PRNewswire-FirstCall/ — Pointer
Telocation Ltd. (Nasdaq Capital Market: PNTR) (TASE: PNTR) ) (the “Company”)
announced today that David Mahlab ex CEO & President of Scopus Video Networks
Ltd. will be replacing Danny Stern as the company’s Chief Executive Officer.
Mr. Mahlab will commence his office as Chief Executive Officer on February 1,
2011
.

Danny Stern will be stepping down after more than five and a half years
of successful and challenging tenure. Danny will be assisting David during
the short term in handing over duties and completing several business
development initiatives.

David brings with him extensive experience in building successful
enterprises and opening new markets.

Yossi Ben Shalom, the company’s Chairman said: “I thank Danny on behalf
of the employees, management, board of directors and shareholders for his
contribution to the company. Danny was responsible for building the company’s
international presence and for finding new growth engines. I congratulate
David for joining the company and I am confident that together we will
continue the company’s growth.”

About Pointer Telocation:

Pointer Telocation is a leading provider of technology and services to
the automotive and insurance industries, offering a set of services including
Road Side Assistance, Stolen Vehicle Recovery and Fleet Management. Pointer
has a growing client list with products installed in over 30 countries.
Cellocator, a Pointer Products Division, is a leading MRM (Mobile Resource
Management) technology developer and manufacturer.

    For more information: http://www.pointer.com

    Contact:
    Zvi Fried, V.P. and Chief Financial Officer
    Tel.; +972-3-572 3111
    E-mail: zvif@pointer.com

    Chen Livne, Gelbart-Kahana Investor Relations
    Tel: +972-3-607 4717, +972-54-302 2983
    E-mail: chen@gk-biz.com

SOURCE Pointer Telocation Ltd


Source: newswire



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