GPS Media's exclusivity is based upon purchasing 1,200 units per year or
6,000 units over five years. GPS Media's sales target is for a total of
10,000 units over the same period. Assuming that GPS Media is able to fulfill
the minimum commitment over the term of the contract, the exclusive
arrangement represents the largest single agreement in the GPS golf industry
and would provide the Inforemer GPS golf management system to over 100 golf
courses in
An initial purchase order has already been received by GPS Industries from
GPS Media for the immediate purchase of 600 units for seven leading golf
courses in
Ms. Lily XU, the senior general manager of GPS Media stated that, 'After
all of our due diligence, we concluded that GPS Industries holds the superior
technology in the industry, mature service network in
GPSi Asia Pte. Ltd. is the exclusive distributor for GPS Industries in
ABOUT GPS INDUSTRIES, INC.
GPS Industries, Inc. (GPSI) develops and markets GPS and Wi-Fi multimedia solutions to enable managers of golf facilities, resorts, and residential communities to improve operational efficiencies and generate new revenue streams. The Company's Inforemer(R) Management Solutions product line provides integrated software applications and high-resolution cart mounted display panels that vividly illustrate each hole, providing precise distance measurement information, strategic playing tips and targeted advertising messages to the golfer while enabling the course with state-of-the-art management capabilities such as cart tracking, food and beverage service, and tournament sponsorships. The patented system is seamlessly connected via a high-speed Wi-Fi network that enables the entire facility into a wireless hot spot http://www.gpsindustries.com. GPSI now has an installed base of over 320 active course installations worldwide. For additional information, please visit http://www.gpsindustries.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.
SOURCE GPS Industries, Inc.
