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Exhibit 4.23

ENGLISH SUMMARY OF THE ASSIGNMENT AGREEMENTS
(ORIGINAL LANGUAGE – HEBREW)

BY AND AMONG

SHAGRIR TOWING SERVICES LTD.,

SHAGRIR (1985) LTD.

POINTER (EDEN TELECOM GROUP) LTD.

AND

CERTAIN ISRAELI INSURANCE COMPANIES

Dated January/February 2005

Description:                                                                                                          Assigned Agreements:

Assignment Agreements pursuant to which Shagrir Towing Services Ltd., and its subsidiary, Shagrir (1985) Ltd., (together, "Shagrir") shall assign to Pointer and Pointer shall assume all of Shagrir's rights and obligations under the Assigned Agreements (as defined below). (i) Agreement by and between Shagrir and The       Israel Phoenix Insurance Company Ltd.,       dated October 6, 1997, as amended. (ii) Agreement by and between Shagrir and       Clal Insurance Company Ltd., dated December       10, 1989, as amended; (iii) Agreement by and between Shagrir and       Harel Insurance Company Ltd., dated July       19, 1988, as amended; (iv) Agreement by and between Shagrir and       Eliahu Insurance Company Ltd., dated       October 27, 1992, as amended; (v) Agreement by and between Shagrir and       Hachsharat Hayeshuv Insurance Company Ltd.,       dated March 12, 1989, as amended; and (vi) Agreement by and between Shagrir and       Menorah Insurance Company Ltd., dated       December 15, 2003, as amended       (together, the "Assigned Agreements").

Comments:

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In addition, on February 28, 2005, Pointer and Shagrir entered into a "back-to-back" agreement pursuant to which Shagrir undertook to assign and Pointer undertook to assume all of Shagrir's rights and obligations under Shagrir's agreements with I.D.I Insurance Company Ltd., A.A.G. and Vehicle Management.

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