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On Track Innovations Shareholder Encourages Vote for New Directors

NEW YORK, Dec. 12, 2012 (GLOBE NEWSWIRE) -- Jerry Ivy, founder of Zer Capital and the second largest shareholder of On Track Innovations, (Nasdaq:OTIV) released the following letter:

Dear Fellow On Track Innovations Shareholders,

You will soon be receiving (if you have not already) proxy materials from On Track Innovations for a shareholder meeting scheduled for December 30th at which directors will be elected. I know it is easy during the holiday season for proxy materials to be set aside or buried under catalogs and advertisements.

PLEASE TAKE A FEW MINUTES TO OPEN, EXECUTE AND RETURN THE PROXY MATERIALS AS SOON AS POSSIBLE! YOUR VOTE IS EXTREMELY IMPORTANT.

Now, we need your support again to elect new directors who will take important steps toward managing OTIV so shareholders share in the benefits of what its talented staff has created.

As described in the proxy materials, the following eight individuals have been nominated for election as directors. Each has important skills that, collectively, will be needed for the board of directors as it considers the important decisions to come. I HAVE THE UTMOST CONFIDENCE IN THESE NOMINEES AND I RECOMMEND THEM FOR ELECTION:

Eileen Segall: An experienced portfolio manager with years of analyzing technology companies, Eileen has a B.S. in Materials Science and Engineering from MIT. Her extensive experience and engineering background will assist other directors in analyzing and understanding OTIV's strengths and weaknesses.

Jeffrey E. Eberwein: With 20 years of Wall Street experience, both in investment management and investment banking, most recently with Soros Fund Management, Jeff is now a private investor and a director of two other public companies and he will bring an intense focus on shareholder value to the board of directors.

Charles M. Gillman: Chuck has developed expertise in the analysis and management of companies going through dramatic corporate transitions. Chuck's high energy, laser-like focus and emphasis on shareholder value will be a breath of fresh air to OTIV.

Dilip Singh: Dilip brings 40 years of executive management experience with telecom carriers, software companies and entrepreneurial start-ups. Dilip's international experience as well as his experience as a CEO in various companies, including a company with significant operations in Israel, will make him a valuable contributor to the board.

Richard Kenneth Coleman, Jr.: Rick has 30 years of experience in R&D, software development, customer service, sales and marketing, product management, business development and human resources. As a seasoned manager, Rick's insights will be of significant assistance to the board and OTIV's management.

Dimitrios Angelis: A lawyer with experience with public companies, Dimitrios also has experience in managing patent portfolios. With OTIV's patents and lawsuit against T-Mobile, Dimitrios' insights will make a significant contribution to the board.

*Mark Stolper: As the CFO of a publicly-traded company and a member of the audit committee of three public companies, Mark will make important contributions with has accounting expertise.

*John Knapp: At 71, John is the seasoned CEO among the nominees. His common sense and experience will provide important perspective for the board.

More complete information on these nominees can be found in the proxy materials mailed by OTIV.

*Please note that Mr. Stolper and Mr. Knapp will be eligible for election only if the shareholders approve expansion of the board of directors from nine to 11 members at the December 13th shareholder meeting. Presently, the board comprises of three directors, with six vacancies.

PLEASE TAKE A FEW MINUTES TO OPEN, EXECUTE AND RETURN THE PROXY MATERIALS AS SOON AS POSSIBLE!

Thank you for your support – together, we can (and already have!) effect change at On Track Innovations!

Jerry Ivy

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:ZER Capital