OTI Expands Network in Africa by Appointing BureauFax Technologies as Distributor in Nigeria

Rosh Pina, Israel (PROTEXT) - OTI (Neuer Markt: OT5) todayannounced that its wholly owned subsidiary OTI Africa has enteredinto a distribution agreement with BureauFax Technologies (BFT),a leading payment systems integrator in Nigeria and a key playerin launching smart cards in that country. BFT will focus onOTI's contactless microprocessor-based smart card solutions forsecure payment and loyalty, gasoline management systems, andapplications for the health care industry. "We welcome BureauFax Technologies to OTI's distributionnetwork in Africa," said Oded Bashan, President and CEO of OTI."Our presence in Africa is growing rapidly as the market embracesour contactless smart card solutions." "We at BFT are excited about our agreement with OTI. Webelieve the solutions offered by OTI are the most applicable tothe needs of the market and are committed to the success of OTI'ssuperior smart card solutions. We look forward to expandingOTI's presence in Nigeria," said Tope O. Onabolu, ManagingDirector/CEO of BureauFax Technologies. This agreement will expand the market presence of OTI'spatented contactless microprocessor-based smart card solutions tothe financial services industry in Nigeria. BFT provides state-of-the-art technology solutions to the financial servicesindustry for payments and transaction processing, and currentlyaccounts for about 70% of the clearing and processing market inthe country. BFT's experience in smart card technologiesincludes the launch of smart cards in Nigeria with over 34leading banks and the establishment of the first full onlinemulti-application payment system/ATM network. The companiesintend to leverage BFT's successes and existing partnerships tosecure projects in niche markets as well as in the mainstreamfinancial community. "BFT is a premier partner in the financial services processingarena in Nigeria," added Charlotte Hambly-Nuss, Managing Directorof OTI Africa. "With this agreement BFT will deliver OTI'ssecure, user-friendly smart card solutions to the banking,petroleum, and health care communities, enabling them to investin a flexible platform ready for future applications." About OTI Established in 1990, OTI (On Track Innovations) designs anddevelops contactless microprocessor-based smart card technologyto address the needs of a wide variety of markets. Applicationsdeveloped by OTI include product solutions for mass transit,parking, gas management systems, loyalty schemes, ID and securecampuses. OTI has regional offices in the US, Europe, AsiaPacific, and Africa to market and support its products. Thecompany was awarded the prestigious ESCAT Award for smart cardinnovation in both 1998 and 2000. Visit OTI on the Internet atwww.oti.co.il. OTI Africa, a subsidiary of OTI Limited, is responsible forthe distribution, installation and maintenance of OTI's productsand technology in the African market. Users of the OTItechnology have access to an experienced and professionalmanagement team who lead and guide dedicated functions in sales,marketing, installation, technical, development and supportservices. About BureauFax Technologies BureauFax Technologies Limited ("BFT") is a companyincorporated in the Federal Republic of Nigeria on 11th March1988 under the Companies Act 1968 (as amended by CAMD '90).BFT's goal from the onset was to develop seamless solutionsleveraging innovative technology and products that would mosteffectively fulfil the performance requirements of financialservice providers seeking to add value to their customers atcompetitive costs. To establish an enduring presence in arapidly changing market, BFT has focused, since its inception,upon being the preferred value-added reseller and systemsintegrator. ots Original Text Service: OTI Internet:www.presseportal.de For more information contact:

FrankSchwarz Kirchhoff Consult AG Tel: +49 69 7474 8615 Mob: +49 175221 1108 frank.schwarz@kirchhoff.de

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