Better Online Solutions Ltd announces 2009 4Q and Prediction for it 2010 Operating Profits.

Better Online Solutions Ltd (NASDAQ:BOSC) today reported its financial results for the fourth quarter and fiscal year ended December 31, 2009 and a forecast for operating profit in year 2010. Better Online Solutions Ltd. trades on the “NASDAQ” under the stock symbol “BOSC”. For the Latest information regarding “BOSC”, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

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Better Online Solutions Ltd (NASDAQ:BOSC), a leading provider of RFID and supply chain solutions to global enterprises, today reported its financial results for the fourth quarter and fiscal year ended December 31, 2009 and a forecast for operating profit in year 2010.

Revenues for year 2009 amounted to $33.3 million, compared to $50.8 million in year 2008. Revenues for the fourth quarter of 2009 amounted to $8.2 million, compared to $11.5 million in the fourth quarter of 2008. The significant reduction in revenues is mainly attributed to the global economic crisis. During the fourth quarter of 2009, and in the first two months of 2010 the company has seen signs of recovery in its backlog, which grew from $9.9 million in September 2009 to $12.7 million in December 2009.

Gross profit for 2009 was 13.2% compared to 19.6% in 2008. Gross loss for the fourth quarter of 2009 was (1.5%) compared to gross profit of 11.5% in the fourth quarter of 2008. The decrease in the gross margin is attributed mainly to inventory write-offs in amount of $2.5 million in year 2009, $1.3 million of which were recorded in the fourth quarter of 2009. Inventories write off in year 2008 amounted to $339,000, which were recorded in the fourth quarter of year 2008.

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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.

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