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Last updated on April 19, 2014 at 8:41 EDT

RiT Technologies Receives NASDAQ Staff Deficiency Letter

March 14, 2013

TEL AVIV, Israel, March 14, 2013 /PRNewswire/ –

RiT Technologies, (the “Company”) (NASDAQ: RITT) today announced that it received a
Nasdaq Staff Deficiency Letter on March 11, 2013, indicating that the Company fails to
comply with the minimum of $2,500,000 stockholders’ equity requirement for continued
listing, as set forth in NASDAQ Listing Rule 5550. The Company received 45 calendar days
to submit a plan to regain compliance. The Company intends to prepare and submit such a
plan to regain compliance within said timeframe.

About RiT Technologies

RiT is a leading provider of intelligent infrastructure management (IIM) solutions and
a developer of a new revolutionary indoor optical wireless technology solution. Our IIM
products provide and enhance security and network utilization for data centers,
communication rooms and work space environments. They help companies plan and provision,
monitor and troubleshoot their communications networks, maximizing utilization,
reliability and physical security while minimizing unplanned downtime. RiT’s IIM solutions
are deployed around the world, in a broad range of organizations, including: data centers,
enterprises, corporations, government agencies, financial institutions, airport
authorities, healthcare institutions, and education institutions. RiT’s indoor optical
wireless technology solution will help our clients streamline deployment, reduce
infrastructure design, installation and maintenance complexity and enhance security in a
cost effective way. RiT’s shares are traded on the Nasdaq exchange under the symbol RITT.

For more information, please visit our website:http://www.rittech.com

Safe Harbor Statement

In this press release, all statements that are not purely about historical facts,
including, but not limited to, those in which we use the words “believe,” “anticipate,”
“expect,” “plan,” “intend,” “estimate”, “forecast”, “target”, “could” and similar
expressions, are forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. For example, when we discuss the expansion of our sales and
marketing efforts and the development of exciting new product lines in 2013 we are using a
forward-looking statement. While these forward-looking statements represent our current
judgment of what may happen in the future, actual results may differ materially from the
results expressed or implied by these statements due to numerous important factors,
including, but not limited to, those described under the heading “Risk Factors” in our
most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form
20-F, which may be revised or supplemented in subsequent reports filed with the SEC. These
factors include, but are not limited to, the following: our ability to raise additional
financing, if required; the continued development of market trends in directions that
benefit our sales; our ability to maintain and grow our revenues; our dependence upon
independent distributors, representatives and strategic partners; our ability to develop
new products and enhance our existing products; the availability of third-party components
used in our products; the economic condition of our customers; the impact of government
regulation; and the economic and political situation in Israel. We are under no
obligation, and expressly disclaim any obligation, to update the forward-looking
statements in this press release, whether as a result of new information, future events or
otherwise.

        Company contact:
        Elan Yaish, CFO
        +972-77-270-7210
        elan.yaish@rittech.com

SOURCE RiT Technologies Ltd


Source: PR Newswire