RiT Technologies Announces a Special Meeting of Shareholders

Jan 23, 2013, 08:00 ET from RiT Technologies Ltd

TEL AVIV, Israel, January 23, 2013 /PRNewswire/ --

RiT Technologies (NASDAQ:  RITT), today announced that it will hold a Special Meeting of Shareholders on Wednesday, February 27, 2013 at 10:00 a.m. (Israel time), at the offices of the Company, 24 Raoul Wallenberg Street, Tel Aviv 69719, Israel.

The agenda of the Special Meeting is as follows:

  1. To approve the liability insurance covering our directors and officers; and
  2. To transact such other business as may properly come before the Special Meeting or any adjournment thereof.

The record date for the meeting is January 28, 2013. The Company will send to its shareholders of record a Proxy Statement describing the matters to be voted upon at the meeting, along with a proxy card enabling them to indicate their vote. The Company will post the Proxy Statement on its website and will furnish the proxy statement to the Securities and Exchange Commission (SEC) on Form 6-K.

For additional information please refer to Proxy Statement referenced above.

About RiT Technologies

RiT is a leading provider of comprehensive management solutions for today's mission-critical data centers and communication rooms. Through the deployment of RiT's IIM (intelligent infrastructure management), SMART Cabling™ and EPV™ real-time infrastructure management solutions, companies enhance both CAPEX and OPEX, increase their efficiency and improve their automated processes. RiT's field-tested solutions are delivering value in thousands of installations for top-tier enterprises and operators throughout the world. RiT's shares are traded on the Nasdaq exchange under the symbol RITT. http://www.rittech.com

For more information, please visit our website: http://www.rittech.com

Safe Harbor Statement

In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate", "forecast", "target", "could" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For example, when we discuss a field trial which could lead to a multi-million dollar Carrier deal, we are using a forward looking statement. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described under the heading "Risk Factors" in our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 20-F, which may be revised or supplemented in subsequent reports filed with the SEC. These factors include, but are not limited to, the following: our ability to raise additional financing, if required; the continued development of market trends in directions that benefit our sales; our ability to maintain and grow our revenues; our dependence upon independent distributors, representatives and strategic partners; our ability to develop new products and enhance our existing products; the availability of third-party components used in our products; the economic condition of our customers; the impact of government regulation; and the economic and political situation in Israel. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

Elan Yaish, CFO

SOURCE RiT Technologies Ltd