SOURCE: MicroTRAKgps
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September 21, 2006 12:12 ET
MicroTRAKgps Turns Tripled Sales Into Home Run With New Personal Tracker Product Line
DALLAS, TX -- (MARKET WIRE) -- September 21, 2006 -- MicroTRAKgps, a subsidiary of The Tracking
Corporation (PINKSHEETS: MIOK), a leading provider of Global Positioning
Systems (GPS) and Radio Frequency Identification (RFID) wireless location
services and products that track and recover valuable assets, today
announced that the introduction of their new GPS portable personal product
line is experiencing a successful launch and is generating strong interest
in the retail market. Introduced in August by a leading retailer with
nationwide stores and dominant catalog customer base, sales are exceeding
original expectations. Response and demand from the security-conscience
consumer during the first six weeks is evident by the tripling of unit
orders from the retailer since their opening order.
"Consumers are becoming more aware of GPS technology and how it can protect
their most precious assets. We know there is a huge market for the new
product, and this early success proves that our business plan to the
retail/consumer market is a viable reoccurring revenue stream with high
growth potential," says Peter Stamos, President of MicroTRAKgps.
The Product which retails for under $500 is a small portable unit
approximately the size of a cell phone used to track people or personal and
mobile assets as all-terrain vehicles (ATVs), boats and jet skies. Jerry
Grisaffi, CEO of The Tracking Corporation, says, "The versatility and
mobility of the new product makes it a resourceful tool for tracking
anything of value. MicroTRAKgps' first quarter 2007 will unveil an
addition to the Personal Tracker product line and plans for market
expansion."
About The Tracking Corporation
The Tracking Corporation, formerly known as MicroTRAK, Inc., is a leading
provider of Global Positioning Systems (GPS) technology and products that
utilize in-vehicle hardware and wireless location services. Based in
Dallas, The Tracking Corporation has combined the ubiquitous coverage of
GPS with the nationwide cellular network and 24/7 automated web and
telephone accessibility to provide real-time wireless location and
tracking, emergency assistance, stolen vehicle recovery and many other
personal and fleet management services. The RFID division of the company
specializes in end-to-end Radio Frequency Identification (RFID) integration
solutions and hardware, RFID Reader Portals and warehouse management
systems in the Food, Manufacturing, Logistics, Retail, Pharmaceutical and
Healthcare industries. This division implements system deployments that
track inventory, assets, and people. If you are interested in viewing
additional information on The Tracking Corporation, please visit the
website at: www.microtrakgps.com
Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995: This press release may contain certain forward-looking statements
within the meaning of Section 27A of the Securities and Exchange Act of
1933, as amended, and Section 21E of the Securities and Exchange Act of
1934, as amended, which are intended to be covered by the safe harbors
created thereby. Investors are cautioned that all forward-looking
statements involve risks and uncertainties. Although The Tracking
Corporation believes that the assumptions underlying the forward-looking
statements contained herein are reasonable, any assumption could be
inaccurate, and therefore, there can be no assurance that the
forward-looking statements included in this press release will prove to be
accurate. In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion should not be
regarded as a representation by The Tracking Corporation or any other
person that the objective and plans of The Tracking Corporation will be
achieved.