Nexus Telocation Systems Ltd. Announces Changes in Top Management Roles of Shagrir Vehicle Systems Ltd

GIVATAYIM, Israel, July 27 -- Nexus Telocation Systems Ltd. (OTC Bulletin Board: NXUSF), a leading provider of stolen vehicle retrieval services in Israel, Argentina and Mexico, and a leading provider of road side assistance and towing services in Israel, announced the appointment of Mr. Ofer Lior, Chief Executive Officer of Shagrir Vehicle Systems Ltd., a wholly owned subsidiary of the company, as Nexus' special officer for new initiatives of towing operations abroad.

Mr. Yossi Ben Shalom, chairman of the board said: "Ofer has served as the Chief Executive Officer of Shagrir for many years; he was a central figure in building an excellent company, which is known for its outstanding level of service, and has contributed tremendously to the success of the company. It is now the time to take advantage of Ofer's capabilities in favor of expansion of Shagrir's business and to duplicate the success abroad".

Mr. Micha Kraus shall be appointed to the new Chief Executive Officer of Shagrir Vehicle Systems Ltd., effective as of August 1, 2005. Mr. Micha Kraus has served for many years as the deputy Chief Executive Officer. Mr. Ben Shalom added: "Micha is the natural appointment for the role. He has extensive knowledge of the business and the market, and is known and appreciated by both customers and employees. Micha has worked for many years in cooperation with Ofer and was a full partner to the achievements of the company. I am confident that he is the right man to lead the company ahead".