updated 11/8/2010 1:16:55 PM ET 2010-11-08T18:16:55

ISELIN, N.J., Nov. 8, 2010 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. (OTI) (Nasdaq:OTIV), a global leader in contactless microprocessor-based smart card solutions, for homeland security, payments, petroleum payments and other applications, today announced that it will present at Merriman Capital's 7th annual Investor Summit on November 16, 2010 at 1:30pm. This event will be held in New York City.

A presentation regarding OTI's market positioning, financial performance and strategic direction will be provided.

On Track Innovations Ltd. (OTI) is a leading contactless smart card solution provider. Applications developed by OTI include product solutions for:

  1. SmartID – complete end-to-end in house solution for Homeland security – national ID cards, e-passports, driver's license, voter ID and more.
  2. MediSmart - transforming patient's Electronic Health Record (EHR) to a portable medium.
  3. Payments – Supporting MasterCard, Visa contactless payment programs.
  4. EasyPark – in-vehicle parking meter solution.
  5. EasyFuel – Fuel management and petroleum solution.

Management will be available for one-on-one meetings with institutional investors throughout the conference.  Interested investors should contact their Merriman Capital representative or Miri Segal: msegal@ms-ir.com

A webcast of the presentation will be available at: http://www.otiglobal.com/Investors_Introduction

More information about the conference can be found at: www.merrimanco.com

About OTI

Established in 1990, OTI (Nasdaq:OTIV) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.

The On Track Innovations Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5736

For more information on OTI, visit www.otiglobal.com , the content of which is not part of this press release.

About Merriman Holdings, Inc.

Merriman Holdings, Inc. (Nasdaq:MERR) is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services, and specializes in three growth industry sectors: CleanTech, Consumer, Media & Internet and Technology. For more information, please go to www.merrimanco.com .

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