On Track Innovations Ltd. (OTIV) Message Board

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Technology Stocks : On Track Innovations Ltd. (OTIV)

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From: JakeStraw	12/26/2013 9:31:17 AM
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OTI Receives $10 Million Payment From Sale of SmartID Division finance.yahoo.com Divestiture Increases Company Emphasis on Core Contactless Technology and NFC Solutions "The divestiture marks a major step in executing on our strategic plan of focusing on our core business of providing cashless payment technology and solutions. With the additional cash now on our balance sheet, we can more effectively capitalize on the fast growing, multi-billion dollar NFC and cashless payments markets. We plan to leverage our bolstered balance sheet and significant competitive advantages to drive OTI's long-term growth and profitability."

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