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Jerry Ivy Hails Shareholder Meeting to Elect Directors

NEW YORK, Nov. 28, 2012 (GLOBE NEWSWIRE) -- On Track Innovations, LTD. (Nasdaq:OTIV) on Friday, November 23 called a shareholders' meeting for December 30th to consider the director nominees of Jerry Ivy, founder of Zer Capital and the second largest shareholder of OTIV.

Ivy stated: "This is a great victory for OTIV shareholders! Shareholders now have the opportunity to elect directors who will focus on improving the financial performance of OTIV. Customers, employees and shareholders will all benefit. I have complete confidence that my nominees will focus on implementing changes to realize the potential of OTIV's patents and technology."

OTIV separately announced the resignations of three directors that Mr. Ivy sought to remove as directors. As a result, only Mr. Ivy's nominees will be considered for election at the December 30th shareholder meeting.

Ivy asked that shareholders support the election of the nominees, as well as to vote for the proposals to be considered at the shareholder meeting on December 13, 2012.

We do not have access to shareholder contact information. Consequently, we are unable to directly reach out to you. If you want us to contact you, please email your name and contact information to otiv@markbeattylaw.com or call 877-777-4270.

Your support is very important, regardless of how many shares you own. If you have any questions, please call our proxy solicitors, Alliance Advisors at 877-777-4270, or go to www.otivinfo.com. Please rest assured that all communication with us and Alliance Advisors will not be shared with any party and will be held in strict confidentiality.

CONTACT: otiv@markbeattylaw.com Alliance Advisors at 877-777-4270Source:Jerry Ivy