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HACKENSACK, N.J., Jan. 7, 2010 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless solutions for tracking and managing corporate assets, will discuss its acquisition of Asset Intelligence LLC, a business unit of General Electric Co. on:
Date: Friday, January 8th Time: 8:30 am ET Toll Free Dial-in: 888-587-0613 Please call 10 minutes prior to start-time
Schedule this webcast into MS-Outlook calendar (click open when prompted): http://apps.shareholder.com/PNWOutlook/t.aspx?m=40405&k=02013B75
Jeffrey Jagid, Chairman & CEO of I.D. Systems, Inc., Ned Mavrommatis, CFO of I.D. Systems, Inc. and Darryl Miller, COO of Asset Intelligence LLC will host the conference call to review the specifics of the acquisition. After opening remarks, there will be a question and answer period.
Webcast: The conference call will be broadcast live over the Internet at the Investor Relations section of www.id-systems.com. To listen to the live call, go to the website at least 15 minutes early to download and install any necessary audio software. If you are unable to listen live, the conference call will be archived and can be accessed for approximately 90 days.
About I.D. Systems: Based in Hackensack, New Jersey, with a European subsidiary in Dusseldorf, Germany, I.D. Systems is a leading provider of wireless solutions for managing and securing high-value enterprise assets, including industrial vehicles, such as forklifts and airport ground support equipment, and rental vehicles. The Company's patented technology, which utilizes radio frequency identification, or RFID, technology, addresses the needs of organizations to control, track, monitor and analyze their assets. For more information, visit www.id-systems.com.
"Safe Harbor" Statement: This press release contains forward looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, such as the Company's prospects for additional customers and revenues. Forward-looking statements include statements with respect to the Company's beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. These forward-looking statements are subject to risk and uncertainties, including, but not limited to, future economic and business conditions, the loss of any of the Company's key customers or reduction in the purchase of its products by any such customers, the failure of the market for the Company's products to continue to develop, the inability to protect the Company's intellectual property, the inability to manage the Company's growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2008. These risks could cause actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, the Company. The Company assumes no obligation to update the information contained in this press release.
CONTACT: I.D. Systems, Inc. Financial Press: Ned Mavrommatis, Chief Financial Officer 201-996-9000 firstname.lastname@example.org Trade Press: Greg Smith, Vice President Marketing 201-996-9000 email@example.com
Released January 7, 2010