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Sky Resort International Ltd. (fka SKYL) RSS Feed

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  Products  
     
 

Dispensing Automated Minibar

HOMI 330®

HOMI 232
  Products  
     
 

pen Display Automated Minibar

HOMI 232®

HOMI 330
  • ECO FRIENDLY
  • REAL TIME COMPUTERIZED BILLING
  • WIRELESS DATA TRANSFER
  • FLEXIBLE BUSINESS MODELS

  • ECO FRIENDLY
  • ACCURATE BILLING
  • WIRELESS DATA TRANSFER
  • FLEXIBLE BUSINESS MODELS

OUR OUTSOURCING PROGRAM 
WE INVEST, YOU GAIN...

Hotel outsourcing management international, inc. (HOMI), a rapidly growing, publicly traded company, has achieved world-class distinction managing thousands of computerized minibars with major hotel chains on 5 continents for over 10 years.

HOMI`s outsourcing managment systems is a comprehensive program for the minibar department, as we handle all aspects of the operation and maintenance. We increase minibar revenues and remove the operating and financial burden from the hotel.

 |  Home |  Profile  |  Products  |  Services  |  News  |  Our Clients  |  Corporate Information  |  Contact Us  |  Site Map  |  Favorite  | 
HOMI-Hotel Outsource Management International, Inc- www.my-homi.com © All Rights Reserved
 

Our Clients  
     
 
         
HOMI clients in USA   HOMI clients in Europe   HOMI clients in Israel
Our clients in USA   Our clients in Europe   Our clients in Israel

Hotel Outsource Management International Inc (HOUM)

http://www.minibarservice.com

Open Display Automated MinibarHOMI 232®HOMI 330


  • ECO FRIENDLY
  • ACCURATE BILLING
  • WIRELESS DATA TRANSFER
  • FLEXIBLE BUSINESS MODELS


Dispensing Automated Minibar

HOMI 330®

HOMI 232

 

OUR OUTSOURCING PROGRAM 
WE INVEST, YOU GAIN...

Hotel outsourcing management international, inc. (HOMI), a rapidly growing, publicly traded company, has achieved world-class distinction managing thousands of computerized minibars with major hotel chains on 5 continents for over 10 years.
HOMI`s outsourcing managment systems is a comprehensive program for the minibar department, as we handle all aspects of the operation and maintenance. We increase minibar revenues and remove the operating and financial burden from the hotel.

 
 
  About HOMI  
     
 
Hotel Outsourcing Management International, Inc. (HOMI), a rapidly growing, publicly traded company, has achieved world-class distinction managing thousands of computerized Minibars with major Hotel chains on 5 continents for over 10 years.
 
HOMI`s Outsourcing is a comprehensive program for the minibar Department, as we handle all aspects of the Operations and Maintenance; we increase minibar Revenues and remove the operating and financial burden from the Hotel.

HOMI offers several programs and various Business Models, including:
Full Outsourcing - No Risk Factor to the hotel
 
  1. Equipment owned by HOMI (CapEx by HOMI)
  2. Management of the minibar department by HOMI
  3. Cost of Goods by HOMI
  4. Labor by HOMI
  5. Maintenance by HOMI
  6. Term: 3 years or more
  7. Hotel receives a percentage of the minibar Revenues
Choice of equipment:
  • HOMI 330, A closed dispensing automated Minibar (*)
  • HOMI 232 an Open display automated Minibar (*)
* External dry section is available for both systems
 
HOMI developed its own advanced computerized minibars, the HOMI 330 a 3rd Generation Computerized dispensing Minibar, with an accurate automatic billing system, and the HOMI 232- Open Display Automated Minibar.
 
Both systems are completely wireless and do not need any infrastructure from the Hotel (no cables, no Wi-Fi)

 
 
  Comparison Charts  
     
 
Billing Issues
 
Dispensing system
Open Display system
Manual Minibar
 
HOMI 330
HOMI 232 Manual Minibar
Computerized / Automatic Yes Yes No
Billing Porblems No false billing False Billing +20% to +35% Under Billing -15% to -40%
Checkout / Disputes Reduces dusputes&billing adjustments Exessive disputes - Time in tracking and adjusting billing Manual billing time and labor intensive
Operating Costs
  HOMI 330 HOMI 232 Manual Minibar
Room Visits Cost effective restocking
No running after check-outs
Full refill every 6-9 days or partly refill daily
Labor intensive
Need to check check-out rooms
Labor intensive
Check all occupied rooms
Labor Costs Lowers Labor Costs
Up to 85% on manual minibars
Up to 65% on other computerized
Expensive-labor intensive Service runs at a loss
Expensive-very labor intensive
Inventory
  HOMI 330 HOMI 232 Manual Minibar
Stock Control Computerized inventory control Computerized inventory control No control / very high cost of goods
Product Choice & Expiration Only best selling products stocked
Functional expiration date control
Theoretical expiration date control
Difficult to manage expiration data
Chronic expiration date problems, excessive waste
Investment & ROI
  HOMI 330 HOMI 232 Manual Minibar
Return On Investment Low labor costs
*Needs only $1.20 on average per available room / per day to be profitable
Labor intensive
*Break-even at $1.60 on average per available room / per day
Very labor Intensive
Service runs at a loss
Expensive-labor intensive
Health & Safety
  HOMI 330 HOMI 232 Manual Minibar
Guest Items In Minibar No access.No need to check or clean
**Provision for guest items
Guest access possible-staff needs to checks and clean all checkout minibars Guest access possible-staff needs to checks and clean all checkout minibars
Contamination 0% contamination
Completely sealed unit
Contamination can occur
Guest can hansle products and insert personal items
Contamination can occur
Guest can hansle products and insert personal items

Products  
     
 

Dispensing Automated Minibar

HOMI 330®

HOMI 232
  • ECO FRIENDLY
  • REAL TIME COMPUTERIZED BILLING
  • WIRELESS DATA TRANSFER
  • FLEXIBLE BUSINESS MODELS
HOMI`s unique perspective on the difficulties typically affecting hotels using standard computerized minibars has led HOMI to make a technological and conceptual breakthrough.
The HOMI 330 computerized minibar: The first really  accurate automatic billing minibar that offers significant saving in labor costs.
HOMI 330`s unique features are designed to prevent false billing that often hinders the operation of standard computerized minibar and can cause wasted time in chasing check-out rooms or disputing minibar charges with guests.
The HOMI 330 facilitates extensive labor savings (up to 85% over conventional/manual minibars and up to 65% over other (computerized models).
Technical review

Open Display Automated Minibar

HOMI 232®

HOMI 330
  • ECO FRIENDLY
  • ACCURATE BILLING
  • WIRELESS DATA TRANSFER
  • FLEXIBLE BUSINESS MODELS
The Homi 232 Computerized Minibar is fully automated open-display wireless system, suitable for upscale and luxury hotels. Silent thermoelectric cooling with no gas or Ammonia, The Homi 232 has a capacity for 32 products.
Technical review

 
 
  Full Outsourcing  
     
 
We dedicate our extensive knowledge in hotel processes and technologies to helping you stay competitive and profitable, enhance efficiency and trim costs.
 
HOMI offers simple, yet effective outsourcing options designed to provide seamless integration of the HOMI 232 or HOMI 330 computerized Minibar into your operation.
 

Full Outsourcing

  1. Minibar System owned by HOMI
  2. Management of the Minibar department by HOMI
  3. Cost Goods by HOMI
  4. Labor by HOMI
  5. Maintenance by HOMI
No Risk Factor: Hotel can`t lose (CapEx and operating expenses covered by HOMI)
 
Term: Starting from 36 month up to 10 years

Rental Sharing

Term: Starting from 6 years

Revenue Sharing

Term: Starting from 6 years

Purchase

Purchase options are also available.

Our Clients - USA  
     
 
  Grand Hyatt Seattle The Doyle Collection
  Dupont Hotel Washington DC
  Distrikt Hotel New York City
     

  Hyatt Regency Calgary   Hyatt Regency Boston   Hyatt Regency San Francisco
     
  Strand Hotel, New York  
     
 
 



 
 
  Our Clients - Europe  
     
 
  Le Meridien St. Julians, Malta The Doyle Collection
  Kensington London, England
    The Doyle Collection
Bloomsbury Hotel, London
     

 
  Radisson Golden Sands, Malta   Radisson SAS Bay Point Resort, Malta   Mama Shelter Hotel, Paris
     
 
    Sheraton La Caleta Resort & Spa, Costa Adeje, Tenerife

 
 
  Our Clients - Israel  
     
 
 
 
  David Citadel Jerusalem   Dan Hotel Tel Aviv   Carlton Hotel Tel Aviv
     

 
  Le Méridien Eilat   Hilton Tel Aviv   David InterContinental Tel Aviv
     
 
 
 
  Park Plaza Orchid Tel-Aviv   Mamilla Hotel Jerusalem   Leonardo Boutique Hotel Tel Aviv
     
  Sheraton Moriah Tel Aviv   Sheraton City Tower Tel Aviv   Renaissance Tel-Aviv
     
  The Daniel Herzliya   The Dan Panorama Tel-Aviv Sheraton Plaza Jerusalem
     
   
      The Sharon Herzliya

 
 
  Corporate Information  
     
   
 
For immediate release
 
 
HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL, INC.:
New Contracts with Luxury Hotels
 
 
New York, New York, January 2011 - Hotel Outsource Management International, Inc. (OTC BB: HOUM.OB) ("HOMI", or the "Company"), has announced that it has signed outsourcing agreements with 2 luxury Hotels in Israel, the Dan Eilat Hotel in Eilat, and the Herods Hotel in Tel Aviv, for the installation and operation of its HOMI® 232 computerized minibar systems. In addition, HOMI has signed a complete outsourcing agreement with another luxury hotel, the David Citadel Hotel in Jerusalem, for the operation of the hotel's existing computerized minibar system.
 
Dan Eilat: is one of the leading luxury hotels in Eilat, Israel.
HOMI will install the HOMI® 232 computerized minibar system in 375 rooms. The installation is scheduled to take place during April / May 2011.
 
Herods Tel Aviv: Opening in April 2011, the newly renovated hotel (formerly the Leonardo Plaza Hotel) will be transformed into a Luxury theme Hotel, the Herods Tel Aviv, as part of a premium collection of Leonardo Fattal Hotels.
HOMI will install the HOMI® 232 computerized minibar system in 332 rooms. The installation is scheduled to take place during April 2011.
 
The David Citadel Hotel in Jerusalem The David Citadel in one of Jerusalem's finest Luxury Hotels.
On February 1, 2011, HOMI will take over the hotel's existing minibar department and will start operating the hotel's 384 existing computerized minibars (installed base)
 
Mr. Daniel Cohen, HOMI's President, stated: "We are pleased to announce the signing of 3 additional luxury hotels, enhancing our activity in the upscale segment. We continue to focus on expanding HOMI`s business in our main target regions: the United States, selected countries in Europe, and Israel."
 
 
About HOMI
 
HOMI is a multi-national service provider in the hospitality industry, supplying a range of services in relation to computerized minibars that are primarily intended for in-room refreshments. HOMI was incorporated under the laws of Delaware in 2000 and is listed on the Over-the-Counter Bulletin Board, or "OTC Bulletin Board" under the symbol "HOUM.OB."
 
HOMI and its subsidiaries are engaged in the distribution, marketing and operation of computerized minibars in major branded hotel chains, operating approximately 9,950 computerized minibar systems at 33 hotels located in the United States, Europe and Israel, and in the development and manufacture of a new range of computerized minibar systems, designed to improve the performance of minibar departments, thereby improving the hotel's bottom line.
 
HOMI offers a number of solutions that are designed to meet the hotel`s needs, ranging from consultation, supervision and rental services, to full outsource installation and operation arrangements.
 
HOMI`s leading products are the HOMI® 330 and the HOMI® 232
 
 
For more information about HOMI, visit: http://www.my-homi.com/



 
 
  News  
     
 
 
 
 
 April / May 2011 - HOMI232 at the Dan Hotel in Eilat
 
 
Dan Eilat: is one of the leading luxury hotels in Eilat, Israel.
HOMI will install the HOMI® 232 computerized minibar system in 375 rooms. The installation is scheduled to take place during April / May 2011.
 
 
 
 April 2011 - HOMI232 at the Herods Hotel in Tel Aviv
 
 
Herods Tel Aviv: Opening in April 2011, the newly renovated hotel (formerly the Leonardo Plaza Hotel) will be transformed into a Luxury theme Hotel, the Herods Tel Aviv, as part of a premium collection of Leonardo Fattal Hotels.
HOMI will install the HOMI® 232 computerized minibar system in 332 rooms. The installation is scheduled to take place during April 2011
 
 
 
 February 2011 - The David Citadel Hotel in Jerusalem
 
 
The David Citadel Hotel in Jerusalem
The David Citadel is one of Jerusalem's finest Luxury Hotels.
On February 1, 2011, HOMI will take over the hotel's existing minibar department and will start operating the hotel's 384 existing computerized minibars (installed base)
 
 
 
 
 Nov 2010 - HOMI232 at the Beresheet hotel in Mitzpe Ramon
 
 
HOMI has signed an Outsourcing agreement for the installation of its HOMI®232 Computerized Minibar systems with a luxury Hotel in Israel, the Isrotel Beresheet Hotel in Mitzpe Ramon, Israel.
 
The Isrotel Beresheet is a unique leisure resort Hotel in Mitzpe Ramon
  • The 112 room hotel will offer guests service of the highest standards, alongside the attractions associated with the crater and the Negev desert.
  • The Isrotel Beresheet Hotel will also include a state-of-the-art spa.
  • The hotel will feature small two-storey units or `chalets`, with each ground floor suite
    boasting its own private swimming pool.
HOMI will install the HOMI®232 Computerized Minibar systems in 112 rooms. The installation is scheduled to take place during March / April 2011.
 
 
 
 April 2010 - HOMI® 330 at the Royal Beach Hotel in Eilat
 
 
The Isrotel Royal Beach in one of Eilat`s leading luxury Hotels.
 
HOMI signed an agreement to install and operate 360 HOMI®330  Computerized minibars at the Royal Beach.
 
 
 
 April 2010 - the new HOMI® 232 at the Hotel Mela NYC
 
 
HOMI signed an agreement to install and oprate its new HOMI® 232 computerized minibars in 231 rooms and the Hotel Mela in NY.
 
Hotel Mela is relaxed, at home sophistication and excitement in the heart of Times Squrae. It has a modern design and soothing decor.
 
 
 
 March 2010 - HOMI® 330 at the Wyndham Fashion 26 Hotel in New York
 
 
HOMI installed and started to operate 280 HOMI® 330 Computerized minibars at this very trendy Hotel.
Comfort mixed with high style at the Chic Manhattan adress

HOMI - Hotel Outsource Management International, Inc

 
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Hotel Outsource Management International, Inc. HOUM

http://www.otcmarkets.com/stock/HOUM/company-info

OTCQB / Common Stock


OTCQB Logo


  • 0.015
  • 0.00 ( 0.00%)
  • Real-Time OTC-BBO 0.011 x 0.029 (5000 x 5000)
  • Trade Time Apr 13, 2011
Contact Info
Update Company Info
Business Description
Not Available
Financial Reporting/Disclosure
Reporting Status U.S. Reporting: SEC Filer
Audited Financials Not Available
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001174814
Fiscal Year End 12/31
OTC Market Tier OTCQB
Profile Data
SIC - Industry Classification 5900 - Retail-Miscellaneous Retail
Incorporated In: DE, USA
Year of Inc. Not Available
Employees Not Available
Company Officers
Jacob Ronnel President
Company Directors
Not Available
 
HOUM Security Details
Share Structure
Market Value1 $1,341,800 a/o May 31, 2011
Shares Outstanding 89,453,364 a/o Jun 30, 2010
Float Not Available
Authorized Shares Not Available
Par Value 0.001
Shareholders
Shareholders of Record 108 a/o Mar 30, 2010
Corporate Actions
  Ex. Date Record Date Pay Date
Dividend (0.00)   Jun 25, 2009  
Dividend (0.00)   Dec 16, 2008  
Dividend (0.00)   Dec 10, 2008  
Security Notes
 
 
Short Selling Data
Short Interest 0 (-100%)
Nov 13, 2009
Significant Failures to Deliver No
Transfer Agent(s)
Atlas Stock Transfer Corp.
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Not Available
Investor Relations Firm
Not Available

Outside News Sources

http://www.otcmarkets.com/stock/HOUM/news

Publish Date Headline
May 16, 2011 Hotel Outsource Management International, Inc. Presents Q1 2011 Results
Apr 4, 2011 Hotel Outsource Management International, Inc.: New Contracts with Luxury Hotels
Mar 30, 2011 Hotel Outsource Management International, Inc. Presents Full Year 2010 Results

SEC Filings

http://www.otcmarkets.com/stock/HOUM/financials

Form Type Received Period Ending Size Report
10-Q May 13, 2011 Mar 31, 2011 404.2 KB PDF    RTF    HTML    XLS
10-K Mar 30, 2011 Dec 31, 2010 1.0 MB PDF    RTF    HTML    XLS
10-Q Nov 15, 2010 Sept 30, 2010 449.9 KB PDF    RTF    HTML    XLS
8-K Oct 8, 2010 Oct 5, 2010 113.0 KB PDF    RTF    HTML    XLS
DEFR14A Oct 7, 2010   238.7 KB PDF    RTF    HTML    XLS
DEFR14A Oct 1, 2010   240.0 KB PDF    RTF    HTML    XLS
DEF 14A Sept 28, 2010 Nov 24, 2010 241.5 KB PDF    RTF    HTML    XLS
8-K Sept 22, 2010 Sept 21, 2010 18.5 KB PDF    RTF    HTML   
10-Q Aug 13, 2010 Jun 30, 2010 444.0 KB PDF    RTF    HTML    XLS
8-K Jun 16, 2010 Jun 14, 2010 121.8 KB PDF    RTF    HTML    XLS

Finacials

HOTEL OUTSOURCE MANAGEMENT
INTERNATIONAL, INC. AND ITS SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS

US Dollars in thousands
 
     
As of
March 31
 
As of
December 31,
     
2011
 
2010
     
Unaudited
 
Audited
ASSETS
         
           
CURRENT ASSETS:
         
           
Cash and cash equivalents
   
695
 
708
Short-term bank deposits
   
60
 
64
Trade receivables (net of allowance for doubtful accounts of $ zero as of March 31, 2011 and December 31,2010)
   
420
 
448
Other accounts receivable
   
331
 
306
Inventories
   
336
 
299
           
TOTAL CURRENT ASSETS
   
1,842
 
1,825
           
LONG - TERM RECEIVABLES
   
106
 
139
           
           
PROPERTY AND EQUIPMENT, NET:
         
           
Minibars and related equipment
   
4,154
 
4,122
Other property and equipment
   
26
 
47
           
TOTAL PROPERTY AND EQUIPMENT
   
4,180
 
4,169
           
OTHER ASSETS:
         
           
Deferred expenses, net
   
23
 
27
Intangible assets
   
49
 
50
           
TOTAL OTHER ASSETS
   
72
 
77
           
TOTAL
   
6,200
 
6,210
 
 
The accompanying notes are an integral part of the consolidated financial statements.
 
 
F-2 

 
HOTEL OUTSOURCE MANAGEMENT
INTERNATIONAL, INC. AND ITS SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS

US Dollars in thousands (except share data)
 
     
 
As of
March 31
 
 
As of December 31,
     
2011
 
2010
 LIABILITIES AND SHAREHOLDERS' EQUITY
   
Unaudited
 
Audited
           
CURRENT LIABILITIES:
         
           
Current maturities of  long term loans from related parties
   
99
 
93
Current maturities of convertible notes
   
10
 
74
Current maturities of long-term loans from others
   
205
 
184
Trade payables
   
562
 
508
Accrued expenses and other current liabilities
   
330
 
351
           
TOTAL CURRENT LIABILITIES
   
1,206
 
1,210
           
LONG-TERM LIABILITIES:
         
           
Long-term loans from related parties, net of current maturities
   
797
 
811
Long-term loans from others ,net of current maturities
   
1,973
 
1,518
Accrued severance pay, net
   
51
 
49
           
TOTAL LONG-TERM LIABILITIES
   
2,821
 
2,378
           
SHAREHOLDERS' EQUITY:
         
           
Share capital -
         
 Preferred stock of $ 0.001 par value -
  5,000,000 shares  authorized; zero shares  issued and outstanding as of March 31, 2011 and December 31, 2010;
   
-
 
-
 Common stock of $ 0.001 par value -
205,000,000 shares authorized; 89,453,364 shares issued and outstanding as of March 31, 2011 and as of December 31, 2010.
   
89
 
89
Additional paid-in capital
   
10,185
 
10,185
Accumulated other comprehensive income
   
57
 
63
Accumulated deficit
   
(8,158)
 
(7,715)
           
TOTAL SHAREHOLDERS' EQUITY
   
2,173
 
2,622
           
TOTAL
   
6,200
 
6,210
 
 
The accompanying notes are an integral part of the consolidated financial statements.
 
 
 F-3

 
HOTEL OUTSOURCE MANAGEMENT
INTERNATIONAL, INC. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS

US Dollars in thousands (except share and per share data)
 
   
For the Three Months Ended
March 31,
     
2011
 
2010
     
Unaudited
           
Revenues
   
                 710
 
               * 709
           
Cost of revenues:
         
           
    Depreciation
   
(166)
 
 (197)
           
    Other
   
(420)
 
(426)
           
Gross profit
   
                  124
 
  86
           
Operating expenses:
         
           
     Research and development
   
(26)
 
(36)
           
      Selling and marketing
   
(94)
 
** (91)
           
     General and administrative
   
(363)
 
** (430)
           
Operating loss
   
(359)
 
(471)
           
Financing expenses and foreign currency translation, net
   
(86)
 
(97)
           
Other income(expenses), net
   
  3
 
* (132)
           
Loss before taxes on income
   
(442)
 
(700)
           
 Benefit  for income taxes
   
  -
 
  8
           
Net loss
   
(442)
 
(692)
           
           
Basic and diluted net loss per share
   
(0.0049)
 
(0.0077)
           
Number of shares used in computing basic and diluted net loss per share
   
  89,453,364
 
  89,453,364
 
 
The accompanying notes are an integral part of the consolidated financial statements.
 
*      Restated.
**   Reclassified.
 
F-4 

 
HOTEL OUTSOURCE MANAGEMENT
INTERNATIONAL, INC. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS

US Dollars in thousands
 
 
For the Three Months Ended March 31,
     
2011
 
2010
     
Unaudited
CASH FLOWS FROM OPERATING ACTIVITIES:
         
Net loss
   
(442)
 
(692)
Adjustments to reconcile net loss to net cash used in operating activities:
     
Depreciation and amortization
   
177
 
204
Increase in accrued severance pay, net
   
2
 
10
Interest and linkage differences in regard to shareholders and subsidiaries
   
(13)
 
36
Provision for deferred income taxes
   
-
 
(12)
Capital loss
   
-
 
     126
Changes in assets and liabilities:
         
Increase in inventories
   
(37)
 
(9)
Decrease  in trade receivables
   
31
 
84
Increase (Decrease) in related parties
   
(3)
 
14
Decrease (increase) in other accounts receivable
   
(5)
 
7
Increase (Decrease) in trade payables
   
87
 
(168)
Increase (Decrease) in accounts payable and accrued expenses
   
(26)
 
77
           
Net cash used in operating activities
   
(229)
 
(323)
           
CASH FLOWS FROM INVESTING ACTIVITIES:
         
Proceeds from sale of property and equipment
   
16
 
30
Purchases and production of property and equipment
   
(211)
 
(176)
Short-term bank deposits, net
   
3
 
(1)
           
Net cash used in investing activities
   
(192)
 
(147)
           
CASH FLOWS FROM FINANCING ACTIVITIES:
         
Proceeds from others
   
500
 
540
Payments of long-term loans to others
   
(88)
 
(76)
Payments of long- term loans to related parties
   
(19)
 
-
Short-term bank credits
   
-
 
(5)
           
Net cash provided by financing activities
   
393
 
459
           
Effect of exchange rate changes on cash and cash equivalents
   
15
 
(3)
Decrease in cash and cash equivalents
   
(13)
 
(14)
Cash and cash equivalents at the beginning of the period
   
708
 
194
Cash and cash equivalents at the end of the period
   
695
 
180
 
 
The accompanying notes are an integral part of the consolidated financial statements.
 
 
F-5 

 
 
HOTEL OUTSOURCE MANAGEMENT
INTERNATIONAL, INC. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS

US Dollars in thousands
 
Appendix A -
 
Supplemental disclosure of non-cash investing and financing activities
and cash flow information:
For the Three Months Ended March 31,
       
2011
 
2010
     
Unaudited
 
Non-cash investing and financing activities:
         
             
Acquisition of property and equipment on short-term credit
   
34
 
92
             
Receivables in regard to property and equipment
   
261
 
342
             
Cash paid during the period for interest
   
73
 
20
             
Cash paid during the period for income taxes
   
-
 
1
           
 
 
The accompanying notes are an integral part of the consolidated financial statements.
 
 
 
 
 
 
 
 
 
F- 6



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