In a press release out on November 18, Nestle Waters North America Initiates Roll Out of Wireless Vehicle Management Technology from I.D. Systems

HACKENSACK, N.J., Nov 18, 2009 -- I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless asset management solutions, today announced that Nestle Waters North America has initiated a series of follow-on purchase orders to implement I.D. Systems' PowerFleet(TM) Vehicle Management System (VMS) on fleets of industrial trucks at six plants in the United States. Nestle Waters initially deployed the system at two sites during the second and third quarters of 2009. The orders were placed by I.D. Systems' strategic marketing partner NACCO Materials Handling Group, Inc., a leading global manufacturer of industrial trucks, including Yale(R) brand lift trucks, and facilitated by Yale/Chase Equipment and Services, Inc., the Yale dealer in Southern California and Hawaii.

About I.D. Systems

Based in Hackensack, New Jersey, with subsidiaries in Germany and the United Kingdom, I.D. Systems is a leading provider of wireless solutions for managing and securing high-value enterprise assets, including industrial vehicles, such as forklifts and airport ground support equipment, and rental vehicles. The Company's patented technology, which utilizes radio frequency identification, or RFID, technology, addresses the needs of organizations to control, track, monitor and analyze their assets. For more information, visit www.id-systems.com. About Nestle Waters North America: Central to the leadership of Nestle Waters North America Inc. is its 33-year history and single-focus on producing bottled water products. The company's dedication to product quality, manufacturing expertise, employee development and environmental stewardship, especially in the areas of water use, energy and packaging, has helped Nestle Waters become the number one bottled water company in the U.S. To reach success, the company follows its credo: Respect for each other, respect for the environment, and respect for the community. To learn more, visit www.nestle-watersna.com. "Safe Harbor" Statement: This press release contains forward looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, such as the Company's outlook for 2009 financial results and prospects for additional customers and revenues. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause the Company's actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. These forward-looking statements are subject to risks and uncertainties, including, but not limited to, future economic and business conditions, the loss of any of the Company's key customers or reduction in the purchase of its products by any such customers, the failure of the market for the Company's products to continue to develop, the inability to protect the Company's intellectual property, the inability to manage the Company's growth, the effects of competition from a wide variety of local, regional, national and other providers of wireless solutions and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2008. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company. The Company assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so.

iPCS, Inc. (NASDAQ: IPCS) trading at $23.96 per share on trading volume of 27,928 shares.

In a press release out on November 18, iPCS Agrees to Settle Shareholder Litigation

SCHAUMBURG, Ill., Nov 18, 2009 -- iPCS, Inc. (NASDAQ: IPCS), a PCS Affiliate of Sprint Nextel Corporation (NYSE: S), today announced that it has reached an agreement with the plaintiffs to settle the claims asserted in the putative shareholder class action lawsuits related to Sprint Nextel's proposed acquisition of iPCS. The cases are being heard in the Circuit Court of Cook County, Illinois.

About iPCS, Inc.

iPCS, through its operating subsidiaries, is a Sprint PCS Affiliate of Sprint Nextel Corporation with the exclusive right to sell wireless mobility communications network products and services under the Sprint brand in 81 markets including markets in Illinois, Michigan, Pennsylvania, Indiana, Iowa, Ohio and Tennessee. The territory includes key markets such as Grand Rapids (MI), Fort Wayne (IN), the Tri-Cities region of Tennessee (Johnson City, Kingsport and Bristol), Scranton (PA), Saginaw-Bay City (MI), Central Illinois (Peoria, Springfield, Decatur, and Champaign) and the Quad Cities region of Illinois and Iowa (Bettendorf and Davenport, IA, and Moline and Rock Island, IL). As of September 30, 2009, iPCS's licensed territory had a total population of approximately 15.1 million residents, of which its wireless network covered approximately 12.7 million residents, and iPCS had approximately 720,100 subscribers. iPCS is headquartered in Schaumburg, Illinois. For more information, please visit iPCS's website at www.ipcswirelessinc.com.

StemCells, Inc. (NASDAQ: STEM) trading at $1.13 on a volume of 305,714 shares

In a press release out on November 18, StemCells, Inc. Provides Update on NCL Program Meeting with FDA

PALO ALTO, Calif., Nov 18, 2009 -- StemCells, Inc. (NASDAQ: STEM) today provided an update on the ongoing clinical development program of its proprietary HuCNS-SC(R) product candidate (purified human neural stem cells) for neuronal ceroid lipofuscinosis (NCL), often referred to as Batten disease.

About StemCells, Inc.

StemCells, Inc. is focused on the development and commercialization of cell-based technologies. In its cellular medicine programs, StemCells is targeting diseases of the central nervous system and liver. StemCells' lead product candidate, HuCNS-SC cells (purified human neural stem cells), is in clinical development for the treatment of two fatal neurodegenerative disorders that primarily affect young children. StemCells also markets specialty cell culture media products under the brand SC Proven(R), and is developing its cell-based technologies for use in drug screening and drug development. The Company has exclusive rights to approximately 55 issued or allowed U.S. patents and approximately 200 granted or allowed non-U.S. patents. Further information about StemCells is available on its web site at www.stemcellsinc.com.

Home Federal Bancorp, Inc. (Nasdaq:HOME) trading at $12.31 on a volume of 1,092 shares

In a press release out on November 18, Home Federal Bancorp, Inc. Declares Quarterly Cash Dividend

NAMPA, Idaho, Nov 18, 2009 -- Home Federal Bancorp, Inc. (Nasdaq:HOME), the parent company of Home Federal Bank, announced that its Board of Directors declared a quarterly cash dividend of $0.055 per share on its common stock. The dividend will be paid on December 15, 2009, to stockholders of record as of December 1, 2009.

Home Federal Bancorp, Inc. is headquartered in Nampa, Idaho, and is the parent company of Home Federal Bank, a community bank originally organized in 1920. The Company serves the Treasure Valley region of southwestern Idaho and the Tri-County region of Central Oregon through 23 full-service banking offices and one commercial loan center. The Company's common stock is traded on the NASDAQ Global Select Market under the symbol "HOME" and is included in the Russell 2000 Index. For more information, visit the Company's web site atwww.myhomefed.com.

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"We are very encouraged by our initial deployment of I.D. Systems' wireless vehicle management technology in the initial installations," said Chris Lyon of Nestle Waters North America's National Fleet Services group. "We are very excited to begin rolling out this innovative technology across additional facilities to expand the benefits it brings to our supply chain organization."

Wireless Vehicle Management Systems help improve material handling productivity by establishing accountability for the use of equipment, ensuring equipment is in the proper place at the right time, streamlining material handling work flow, and providing unique metrics on equipment utilization. A wireless VMS also helps reduce industrial fleet maintenance costs by automatically uploading vehicle data, reporting vehicle problems electronically, scheduling maintenance according to actual vehicle usage rather than by calendar or manual data entry, and helping determine the optimal economic time to replace equipment. In addition, a wireless VMS helps improve workplace safety and security by restricting vehicle access to trained, authorized operators, providing electronic vehicle inspection checklists, and sensing vehicle impacts.

"We are gratified that Nestle Waters North America has been quick to achieve results from our PowerFleet system and take action to capitalize on our technology at the enterprise level," said Peter Fausel, I.D. Systems' executive vice president of sales, marketing and customer service. "These follow-on orders represent an affirmation that automating industrial vehicle management with our PowerFleet system is a best practice that can help our customers gain a competitive edge in their supply chains, which we think is especially important in the current economic climate."

About I.D. Systems

Based in Hackensack, New Jersey, with subsidiaries in Germany and the United Kingdom, I.D. Systems is a leading provider of wireless solutions for managing and securing high-value enterprise assets, including industrial vehicles, such as forklifts and airport ground support equipment, and rental vehicles. The Company's patented technology, which utilizes radio frequency identification, or RFID, technology, addresses the needs of organizations to control, track, monitor and analyze their assets. For more information, visit www.id-systems.com. About Nestle Waters North America: Central to the leadership of Nestle Waters North America Inc. is its 33-year history and single-focus on producing bottled water products. The company's dedication to product quality, manufacturing expertise, employee development and environmental stewardship, especially in the areas of water use, energy and packaging, has helped Nestle Waters become the number one bottled water company in the U.S. To reach success, the company follows its credo: Respect for each other, respect for the environment, and respect for the community. To learn more, visit www.nestle-watersna.com. "Safe Harbor" Statement: This press release contains forward looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, such as the Company's outlook for 2009 financial results and prospects for additional customers and revenues. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause the Company's actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. These forward-looking statements are subject to risks and uncertainties, including, but not limited to, future economic and business conditions, the loss of any of the Company's key customers or reduction in the purchase of its products by any such customers, the failure of the market for the Company's products to continue to develop, the inability to protect the Company's intellectual property, the inability to manage the Company's growth, the effects of competition from a wide variety of local, regional, national and other providers of wireless solutions and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2008. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company. The Company assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: I.D. Systems, Inc.

CONTACT:  I.D. Systems, Inc.
For Financial Press
Ned Mavrommatis, Chief Financial Officer
ned@id-systems.com
For Trade Press
Greg Smith, Vice President Marketing
gsmith@id-systems.com
201-996-9000
Fax: 201-996-9144

Jeffrey Jagid, I.D. Systems' chairman and chief executive officer, said, "Cautionary technology spending in the industrial marketplace continued to impact our ability to close business in the short term. Our strong results in the third quarter a year ago were driven by a large order for our wireless industrial vehicle management system by one of our core customers. We did not meet our goals for closing orders of similar magnitude in the third quarter this year.

"However, in the third quarter, we did successfully pursue the strategic acquisition of didBOX Ltd, a manufacturer and marketer of vehicle operator identification systems based in the United Kingdom, which we closed and announced on October 19, 2009. This acquisition expands I.D. Systems' base of operations in Europe, gives us immediate access to a broader base of European customers, and provides us with a wider array of solution options for prospects in the industrial vehicle management market.

"In addition, our efforts to expand two key applications of our wireless technology -- managing airport vehicles and rental fleets -- continued to progress in the third quarter. American Eagle Airlines took steps to expand their use of our wireless technology, following initial system deployment at Dallas-Fort Worth International Airport earlier this year. And we laid the groundwork to launch a new generation of our patented wireless rental fleet management technology for a leading U.S. rental car company -- a deal we consummated in September, 2009, when we entered into a multi-year, seven-figure system implementation contract.

"Our balance sheet remains strong," concluded Mr. Jagid. "As of September 30, 2009, I.D. Systems had $64.3 million in cash, cash equivalents and marketable securities, and $49.4 million of working capital."

For the three months ended September 30, 2009, selling, general and administrative expenses decreased 6.8% to $3.6 million, compared to $3.9 million for the third quarter in 2008. Excluding stock based compensation, selling, general and administrative expenses for the third quarter of 2009 were $3.2 million, down sequentially from $3.4 million in the second quarter and $3.8 million in the first quarter of 2009. I.D. Systems' management continues to focus on cost controls without diminishing investment in growth opportunities.

Research and development expenditures decreased 4.5% to $642,000 for the third quarter of 2009, compared to $672,000 for the corresponding period in 2008.

For the nine-month period ended September 30, 2009, revenues were $7.5 million, compared to $19.1 million for the nine months ended September 30, 2008. This decrease was primarily attributable to a $7.5 million decrease in revenue from the U.S. Postal Service, due to a spending freeze, and a $5.9 million decrease in revenue from Wal-Mart Stores, Inc., partially offset by increased revenue from other customers. Gross profit margin for the nine-month period was 53.1%, compared to 50.9% for the comparable period in 2008. Net loss for the nine-month period was $8.4 million, or ($0.77) per basic and diluted share, compared to net loss of $2.9 million, or ($0.27) per basic and diluted share, for the first nine months of 2008.

Non-GAAP net loss for the nine months ended September 30, 2009, was $6.8 million, or ($0.62) per basic and diluted share, adjusting for $1.6 million in stock-based compensation expenses. For the corresponding period in 2008, non-GAAP net loss was $636,000, or ($0.06) per basic and diluted share, adjusting for $2.3 million in stock-based compensation expenses. A table entitled "Reconciliation of GAAP to Non-GAAP Financial Measures" is included in this press release.

For the nine months ended September 30, 2009, selling, general and administrative expenses decreased 6.7% to $11.6 million, compared to $12.4 million for the same period in 2008. Research and development expenditures for the period decreased 3.3% to $2.0 million, compared to $2.1 million for the nine months ended September 30, 2008.

Highlights of the quarter ended September 30, 2009, included:

 * The selection of I.D. Systems' PowerFleet(TM) Vehicle Management
   System for initial deployment by:

       -- Nestle Beverage, a division of Nestle S.A., the world's
          largest food company, following the successful launch of the
          PowerFleet system at another Nestle division, Nestle Waters
          North America, in the second quarter of 2009;

       -- Procter & Gamble Manufacturing GmbH, a subsidiary of Procter
          & Gamble Co.;

       -- Chevron Global Lubricants, a division of Chevron Corp.;

       -- One of the world's largest grocery retailers and
          distributors, with dozens of distribution centers across the
          U.S.;

       -- Lamb Weston, a leading provider of potatoes and other food
          products to the foodservice and retail industries, and a
          division of ConAgra Foods; and

       -- Regal-Beloit Corporation, a leading manufacturer of motion
          control and power generation products serving global markets.

 * The award of a multi-year, seven-figure contract to I.D. Systems by
   a leading U.S. rental car company to develop and deploy rental fleet
   management technologies, with fixed monthly billing expected to
   commence in the first quarter of fiscal 2010.

Investor Conference Call

I.D. Systems will hold a conference call for investors and analysts at 4:45 p.m. Eastern Time on November 3, 2009. Jeffrey Jagid, chairman and CEO, will lead a discussion on the results of the quarter and recent developments. After opening remarks, there will be a question and answer period. The conference call will be broadcast live via the Investors section of the Company's website at www.id-systems.com. To listen to the live call, go to the website at least 10 minutes early to download and install any necessary audio software. If you are unable to listen live, the conference call will be archived on the Investors section of the Company's website for approximately 90 days.

Non-GAAP Measures

To supplement its financial statements presented in accordance with GAAP, I.D. Systems provides certain non-GAAP measures of financial performance. These non-GAAP measures include non-GAAP net income/loss and non-GAAP net income/loss per basic and diluted share. Reference to these non-GAAP measures should be considered in addition to results prepared under current accounting standards, but are not a substitute for, or superior to, GAAP results. These non-GAAP measures are provided to enhance investors' overall understanding of I.D. Systems' current financial performance and provide further comparative information due to the adoption of the Financial Accounting Standards Board's Accounting Standards Codification ASC 718 Compensation -- Stock Compensation. Specifically, I.D. Systems believes the non-GAAP measures provide useful information to both management and investors by excluding certain expenses, gains and losses that may not be indicative of its core operating results and business outlook. Reconciliation to the nearest GAAP measure of all non-GAAP measures included in this press release can be found in the financial tables included in this press release.

About I.D. Systems

Based in Hackensack, New Jersey, with subsidiaries in Germany and the United Kingdom, I.D. Systems is a leading provider of wireless solutions for managing and securing high-value enterprise assets, including industrial vehicles, such as forklifts and airport ground support equipment, and rental vehicles. The Company's patented technology, which utilizes radio frequency identification, or RFID, technology, addresses the needs of organizations to control, track, monitor and analyze their assets. For more information, visit www.id-systems.com.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995

This press release contains forward looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, such as the Company's outlook for 2009 financial results and prospects for additional customers and revenues. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. These forward-looking statements are subject to risks and uncertainties, including, but not limited to, future economic and business conditions, the loss of any of the Company's key customers or reduction in the purchase of its products by any such customers, the failure of the market for the Company's products to continue to develop, the inability to protect the Company's intellectual property, the inability to manage the Company's growth, the effects of competition from a wide variety of local, regional, national and other providers of wireless solutions and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2008. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company. The Company assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so.

                   I.D. Systems, Inc. and Subsidiary
       GAAP Condensed Consolidated Statements of Operations Data
                              (Unaudited)

                       Three months ended         Nine months ended
                          September 30,              September 30,
                    ------------------------  ------------------------
                       2008         2009         2008         2009
                    -----------  -----------  -----------  -----------
 Revenue:
 Products           $ 7,360,000  $ 1,218,000  $14,084,000  $ 4,367,000
 Services             1,977,000      623,000    5,041,000    3,093,000
                    -----------  -----------  -----------  -----------
                      9,337,000    1,841,000   19,125,000    7,460,000
 Cost of Revenue:
 Cost of products     3,622,000      603,000    6,836,000    2,291,000
 Cost of services       948,000      339,000    2,545,000    1,209,000
                    -----------  -----------  -----------  -----------
                      4,570,000      942,000    9,381,000    3,500,000

 Gross Profit         4,767,000      899,000    9,744,000    3,960,000

 Selling, general
  and administrative
  expenses            3,910,000    3,644,000   12,449,000   11,619,000
 Research and
  development
  expenses              672,000      642,000    2,091,000    2,022,000
                    -----------  -----------  -----------  -----------

 Income (loss) from
  operations            185,000   (3,387,000)  (4,796,000)  (9,681,000)
 Interest income        434,000      284,000    1,853,000      913,000
 Interest expense            --      (44,000)          --      (87,000)
 Other income                --      110,000           --      422,000
                    -----------  -----------  -----------  -----------

 Net income (loss)  $   619,000  $(3,037,000) $(2,943,000) $(8,433,000)
                    ===========  ===========  ===========  ===========

 Net income (loss)
  per share - basic
  and diluted       $      0.06  $     (0.27) $     (0.27) $     (0.77)
                    ===========  ===========  ===========  ===========

 Weighted average
  common shares
  outstanding -
  basic              10,915,000   11,075,000   10,885,000   10,963,000
                    ===========  ===========  ===========  ===========

 Weighted average
  common shares
  outstanding -
  diluted            11,175,000   11,075,000   10,885,000   10,963,000
                    ===========  ===========  ===========  ===========


                    I.D. Systems, Inc. and Subsidiary
         Reconciliation of GAAP to Non-GAAP Financial Measures
                              (Unaudited)

                Three Months  Three Months  Nine Months   Nine Months
                    Ended        Ended         Ended         Ended
                September 30, September 30, September 30, September 30,
                    2008         2009          2008           2009

 Net income
  (loss)
  attributable
  to common
  stockholders  $    619,000  $ (3,037,000) $ (2,943,000) $ (8,433,000)

 Stock-based
  compensation       665,000       559,000     2,307,000     1,617,000
                ------------  ------------  ------------  ------------
 Non-GAAP income
  (loss)        $  1,284,000  $ (2,478,000) $   (636,000) $ (6,816,000)
                ============  ============  ============  ============
 Non-GAAP net
  income (loss)
  per share -
  basic         $       0.12  $      (0.22) $      (0.06) $      (0.62)

 Non-GAAP net
  income (loss)
  per share -
  diluted       $       0.11  $      (0.22) $      (0.06) $      (0.62)


                   I.D. Systems, Inc. and Subsidiary
               Condensed Consolidated Balance Sheet Data

                               December 31, 2008*   September 30, 2009
 ASSETS                                                (Unaudited)
                               ------------------  -------------------
 Cash and cash equivalents     $       12,558,000  $        14,496,000
 Restricted cash                          230,000                   --
 Investments - short term               8,550,000           39,861,000
 Accounts receivable, net               8,245,000            1,938,000
 Unbilled receivables                     168,000              248,000
 Inventory, net                         3,273,000            5,596,000
 Interest receivable                      217,000              245,000
 Prepaid expenses and other
  current assets                          261,000              611,000
                               ------------------  -------------------
    Total current assets               33,502,000           62,995,000

 Investments - long term               34,911,000            9,945,000
 Fixed assets, at cost                  2,873,000            2,900,000
  Less: Accumulated
   depreciation                        (1,823,000)          (1,900,000)
                               ------------------  -------------------
  Net Fixed Assets                      1,050,000            1,000,000
 Goodwill                                 200,000              200,000
 Other intangible assets                  178,000              178,000
 Other assets                             107,000                   --
                               ------------------  -------------------
                               $       69,948,000  $        74,318,000
                               ==================  ===================
 LIABILITIES

 Accounts payable and accrued
  expenses                     $        2,175,000  $           599,000
 Line of credit                                --           12,643,000
 Deferred revenue                         424,000              364,000
                               ------------------  -------------------
    Total current liabilities           2,599,000           13,606,000

 Deferred revenue                         231,000              517,000
 Deferred rent                             33,000               17,000
                               ------------------  -------------------
    Total liabilities                   2,863,000           14,140,000
                               ------------------  -------------------

 STOCKHOLDERS' EQUITY

 Preferred stock; authorized
  5,000,000 shares, $.01 par
  value; none issued                           --                   --
 Common stock: authorized
  50,000,000 shares, $.01 par
  value; 12,082,000 and
  12,284,000 shares issued at
  December 31, 2008 and
  September 30, 2009,
  respectively; 10,893,000 and
  11,075,000 shares
  outstanding at December 31,
  2008 and September 30, 2009,
  respectively.                           120,000              120,000

 Additional paid-in capital           101,437,000          103,056,000
 Accumulated deficit                  (23,667,000)         (32,100,000)
 Accumulated other
  comprehensive income                     46,000               18,000
                               ------------------  -------------------
                                       77,936,000           71,094,000
 Treasury stock; 1,189,000
  shares and 1,209,000 shares
  at cost at December 31, 2008
  and September 30, 2009,
  respectively                        (10,851,000)         (10,916,000)
                               ------------------  -------------------
    Total stockholders' equity         67,085,000           60,178,000
                               ------------------  -------------------
     Total liabilities and
      stockholders' equity     $       69,948,000  $        74,318,000
                               ==================  ===================

 *Derived from audited balance sheet as of December 31, 2008


                   I.D. Systems, Inc. and Subsidiary
          Condensed Consolidated Statements of Cash Flow Data
                              (Unaudited)
                                                Nine months ended
                                                  September 30,
                                          ----------------------------
                                              2008            2009
                                          ------------    ------------
 Cash flows from operating activities:

 Net loss                                 $ (2,943,000)   $ (8,433,000)
 Adjustments to reconcile net loss to
  cash used in operating activities:
   Inventory reserve                           126,000              --
   Bad debt expense                                 --        (132,000)
   Accrued interest income                    (117,000)        (28,000)
   Stock-based compensation expense          2,307,000       1,617,000
   Depreciation and amortization               340,000         404,000
   Change in fair value of investments              --        (422,000)
   Deferred rent expense                       (16,000)        (16,000)
   Deferred revenue                            545,000         226,000
   Changes in:
    Restricted cash                                 --         230,000
    Accounts receivable                     (6,830,000)      6,439,000
    Unbilled receivables                      (318,000)        (80,000)
    Inventory                                2,031,000      (2,323,000)
    Prepaid expenses and other assets         (126,000)       (243,000)
    Accounts payable and accrued expenses     (764,000)     (1,641,000)
                                          ----------------------------
     Net cash used in operating
      activities                            (5,765,000)     (4,402,000)
                                          ----------------------------

 Cash flows from investing activities:
  Purchase of fixed assets                     (60,000)       (354,000)
  Business acquisition                        (573,000)             --
  Purchase of investments                  (21,163,000)    (46,134,000)
  Maturities of investments                 31,917,000      40,183,000
                                          ----------------------------

     Net cash provided by (used in)
      investing activities                  10,121,000      (6,305,000)
                                          ----------------------------

 Cash flows from financing activities:
  Repayment of term loan                       (19,000)             --
  Proceeds from exercise of stock options    1,377,000           2,000
  Purchase of treasury shares               (4,094,000)             --
  Borrowing on line of credit                       --      12,900,000
  Principal payments on line of credit              --        (257,000)
                                          ----------------------------

     Net cash (used in) provided by
      financing activities                  (2,736,000)     12,645,000
                                          ----------------------------
 Net increase in cash and cash
  equivalents                                1,620,000       1,938,000
 Cash and cash equivalents - beginning of
  period                                     5,103,000      12,558,000
                                          ----------------------------
 Cash and cash equivalents - end of
  period                                  $  6,723,000    $ 14,496,000
                                          ============    ============
 Supplemental disclosure of cash flow
  information:
  Cash paid for:
   Interest                               $         --    $     87,000
                                          ============    ============
 Non-cash activities:
   Unrealized loss on investments         $   (424,000)   $    (28,000)
                                          ============    ============
   Shares withheld pursuant to stock
    issuances                             $         --    $     65,000
                                          ============    ============

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: I.D. Systems, Inc.

CONTACT:  I.D. Systems, Inc.
Ned Mavrommatis, CFO
201-996-9000
Fax: 201-996-9144
ned@id-systems.com

Expected next investor conference call information:
Conference Call Date: 11/3/2009
Conference Call Time (ET): 4:45 PM
Conference Call URL: http://www.id-systems.com