On Track Innovations Ltd. (OTI) Schedules Fourth Quarter and Annual 2007 Earnings Release and Conference Call

FORT LEE, N.J., Feb. 28  /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 fourth quarter and 2007 annual operating results on Thursday, March 6, 2008 at 9:00 a.m. Eastern Standard Time.  The Company has scheduled a conference call and simultaneous Web cast that will be hosted by Oded Bashan, Chairman and CEO, Ohad Bashan, President and Guy Shafran, CFO.  To participate, call

  1-888-407-2553 (U.S. toll free)
  1-800-227-297 (Israel toll free)
  0-800-182-6846 (Germany toll free)
  ID Code: OTI Q4 and 2007 Annual Results Conference Call
  At:
  6:00 a.m. Pacific Time
  9:00 a.m. Eastern Standard Time
  15:00 Germany Time
  16:00 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 March 13th, by calling U.S.: 1-888-295-2634 or 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, loyalty programs and secure campuses.  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/, the content of which is not part of this press release.

  OTI Contact:                            Investor Relations
  Galit Mendelson                         Miri Segal
  Director of Corporate Communications    Strategic Growth International
  201 944 5200 ext. 111                   212 838 1444
                       

DATASOURCE: On Track Innovations Ltd.



CONTACT:  Galit Mendelson, Director of Corporate Communications of On

Track Innovations Ltd., [phone] ext. 111, ; or

Investor Relations, Miri Segal of Strategic Growth International for On Track

Innovations Ltd., [phone], 



Web site:  http://www.otiglobal.com/

http://www.otiglobal.com/content.aspx?id=226 

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