Hotel Outsource Management International, Inc. Closes a Rights Offering

Business Wire, Feb 3, 2009

NEW YORK -- Hotel Outsource Management International, Inc. (OTCBB:HOUM) ("HOMI", or the "Company"), announced today that it has completed its previously announced subscription rights offering. The Company raised a total of US$814,117 and issued 16,282,342 shares of common stock. In addition, the Company converted US$603,746 in outstanding loans at $0.05 per share for an issuance of 12,074,920 shares. In total, between the Rights Offering and the loan conversions, the Company raised US$1,417,863.00 and issued 28,357,262 shares. The proceeds of the rights offering and the converted loans are intended to support the implementation of HOMI's long term strategic plan.

Mr. Daniel Cohen, HOMI's President, stated: "We see the success of this Rights Offering and conversion of shareholder loans as indications of confidence from our current shareholders - both in the Company and in its long term business strategy of becoming an international full service mini-bar provider and manufacturer."

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 8,500 computerized minibar systems at 22 hotels located in the United States, Europe, Israel, Australia and South Africa, and in the development and manufacture of a new range of computerized minibar systems, designed to improve the performance of minibar departments, and 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([R]) 336 and the HOMI([R]) 330, a smaller version of the HOMI([R]) 336. The novel HOMI([R]) 336 and HOMI([R]) 330 are the next generation of computerized minibar systems, designed to increase the accuracy of automatic billing and reduce the cost of operating minibars.

In the past year, HOMI has completed 4 installations of the HOMI([R]) 336 and HOMI([R]) 330 systems and has entered into installation and operation agreements with another 16 hotels worldwide.

For more information about HOMI, visit: http://www.my-homi.com/

Forward-Looking Statement

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or to the company's future financial performance. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause the company's or the industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, the company does not intend to update any of the forward-looking statements to conform these statements to actual results. The terms, the "Company", "we", "us", "our" means Hotel Outsource Management International, Inc and its subsidiaries, unless otherwise indicated.