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Nexus Receives Its Fourth Order From Venezuela for an AVL System

10 April 2000

Nexus Announced Today the Receipt of Its Fourth Order From Venezuela to Roll Out an AVL System

    GIVATAYIM, Israel--April 10, 2000--Nexus Telocation Systems Ltd. announced today the receipt of an additional order for AVL infrastructure to be rolled out outside Caracas. The AVL system that was installed in Venezuela uses direction-finding technology that enables operators to locate vehicles. The system will also enable the operator to use it for Personal Location and other security applications. The current order is the third that Nexus received for the expansion of the system in Venezuela.
    "We are now at the stage of expanding our AVL services by rolling out the AVL systems in the most populated areas of Venezuela. Nexus system proved itself as a very good and reliable platform for the security applications that we have in Venezuela," said Mr. Enrique J. Gracia, President of Telcel Cellular, C.A., the largest cellular operator in Venezuela and one of Venezuela's top Telecom Service Providers.
    "The additional order received from Venezuela is a full endorsement of the successful commercialization of Nexus technology. The additional system will be deployed in the second half of year 2000," said Ariel Poppel, President and COO of Nexus Telocation Systems Ltd.

    This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Nexus and its affiliates. These forward-looking statements are based on the current expectations of the management of Nexus, only, and are subject to risk and uncertainties, changes in technology and market requirements, decline in demand for the companies' affiliates' products, inability to timely develop and introduce new technologies, products and applications, loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Nexus undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting the company, reference is made to the company's reports filed from time to time with the Securities and Exchange Commission.

    Nexus Telocation Systems Ltd. develops, manufacturers and markets low energy wireless communications and location systems through application of digital spread spectrum technologies. The companies owned 100% of Nexus US; an Automated Meter Reading Company located in Dallas, US. Nexus is a 25% owned affiliate of B.V.R. Technologies Ltd. .