VANCOUVER, British Columbia--(BUSINESS WIRE)--GPS Industries, Inc. (GPSI) (OTCBB:GPSN), the leading innovator of Wi-Fi enabled GPS systems for golf facilities, resorts and residential communities, has announced a flurry of contract signings for its Inforemer-HD™ Golf Management system at noteworthy golf courses. The installations represent a surge in the Ontario market, Canada’s largest province, and represent more than US$1-million in sales.
This announcement is the latest in a series of strong financial releases for GPS Industries, including recent guidance that sales through the first six months of 2007 will exceed Full Year revenue for the previous year and news of another million dollar sales day for the Company.
"These are certainly exciting times for our company,” said GPSI President and CEO, Robert Silzer, Sr. “The momentum we are enjoying now is something our Management team has been building towards for some time.”
While the bulk of the Company’s Inforemer-HD™ sales are concentrated in the United States, the Company’s penetration into international markets is accelerating. “This recent cluster of sales in Canada is the same thing we’re experiencing in other countries as well,” said Silzer. “In France for instance we’ve installed six systems, in South Africa seven, in Spain we have four. Our position as the global leader in the industry is firmly established and our technology is what distinguishes us around the world.”
GPS Industries, Inc. (OTCBB:GPSN) is a global technology solutions provider whose GPS and Wi-Fi applications are best-of-breed in the vertical markets of golf course management and residential community development. In the golf industry, the Company’s Inforemer-HD™GPS Management System features an integrated Wi-Fi communications network, a comprehensive suite of club management tools, and award-winning cart-mounted display units that provide an enriched on-course playing experience. In the community development vertical, the Company’s WiStream division implements WiFi coverage throughout an entire development, creating a community-wide wireless ‘hot-spot’ which supports the Company’s unique array of WiFi amenities: wireless internet connectivity, location tracking devices, wireless security protection, VOIP phones, mobile point-of-sale systems, and an interactive real estate sales tool. GPSI owns key patents for many important GPS and Differential GPS (DGPS) applications in fifteen countries worldwide, including the United States, Australia, Great Britain and Japan. For additional information, please visit www.gpsindustries.com, www.wistream.com and www.gpsifireattheflag.com.
Forward-Looking Statements
Some statements contained in this release may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to generate revenues and other factors as described in the Company's literature and filings with the Securities and Exchange Commission.
