<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>18
<FILENAME>s11-2914_ex211.txt
<DESCRIPTION>EX. 21.1
<TEXT>
                                                                    EXHIBIT 21.1

                     LIST OF SUBSIDIARIES OF THE REGISTRANT

<TABLE>
<CAPTION>
                                                                   NAME UNDER WHICH THE
SUBSIDIARY                              STATE OF INCORPORATION     SUBSIDIARY DOES BUSINESS
--------------------------------------  -------------------------  ---------------------------
<S>                                     <C>                        <C>

City Smart Ltd.                         Hong Kong                  --

Easy Park Ltd                           Israel                     --

Easy Park Israel Ltd.                   Israel                     --

InterCard GmbH Systemelectronic         Germany                    InterCard

InterCard GmbH Kartensysteme            Germany                    InterCard

OTI America, Inc.                       Delaware                   --

OTI Africa, Ltd.                        South Africa               --

SoftChip Technologies (3000) Ltd.       Israel                     SoftChip

SoftChip Israel Ltd.                    Israel                     --
</Table>


</TEXT>
</DOCUMENT>