SOURCE: The Tracking Corporation

November 08, 2007 10:28 ET

The Tracking Corporation Announces Purchase Order From Trade Inventory Management, Inc.

DALLAS, TX--(Marketwire - November 8, 2007) - The Tracking Corporation (PINKSHEETS: TRKG) announced today that it has received a substantial purchase order from Trade Inventory Management, Inc. (TIMCO) for a nationwide TIMCO marketing campaign for The Tracking Corporation's AutoTrak and FleetTrak GPS tracking units.

TIMCO is a unique product and service provider in the international consumer products area involving 25,000 clients, located in the United States, Canada, China and other foreign countries. TIMCO plans to conduct a direct sales campaign to its client base starting in November 2007 and has projected sales of a minimum of $250,000 in the first quarter of 2008, and projections of $300,000 in the second quarter of 2008.

Tim Valentine, CEO of TIMCO, stated: "We became aware of the rapidly growing field of GPS and cellular phone tracking devices and believe that The Tracking Corporation units powered by their MicroTrak GPS system and operated in conjunction with Perot Systems of Dallas is the device and system that best suits our clients. We expect to exceed our projected sales goals, and look forward to a long and profitable relationship as a direct sales provider for MicroTrak GPS powered units. We are presently estimating gross sales to reach into the millions for our complete sales of the AutoTrak and Fleet Track by the end of 2008, with a profit line of at least 40 percent. However, should we carry our sales program for MicroTrak GPS units worldwide these estimates could easily be doubled or tripled. In any case we look forward to a long and profitable relationship with The Tracking Corporation."

Jerry Grisaffi, CEO of The Tracking Corporation, stated, "TIMCO is now an important part of our overall marketing campaign starting immediately. We anticipate achieving significant sales short-term and long-term in both the business and consumer arena."

MicroTrak GPS

MicroTrak GPS, an operating subsidiary of The Tracking Corporation, is a Dallas-based total-solutions provider, with ventures in the asset tracking and vehicle recovery markets. MicroTrak GPS functions as a multi-faceted corporation focusing on a turn-key approach. This level of dedication provides them with expertise in developing, designing, providing, manufacturing, distributing and servicing GPS technology and products. If you are interested in viewing additional information on The Tracking Corporation, please visit the website at: www.microtrakgps.com.

SAFE HARBOR STATEMENT

Safe Harbor Statement under the Private Securities litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations. As statements regarding future events concern management's estimates of future results of operations, and as these estimates are based on many elements beyond management's control, differences from management's estimates may occur, and such difference may be material.

Although The Tracking Corporation believes 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.

Contact Information

  • Contact:
    Tom Calhoun
    214-361-8812