SOURCE: GPS Industries, Inc.

October 05, 2005 06:30 ET

GPSI Announces New Licensing Team for Intellectual Property

NEW YORK, NY -- (MARKET WIRE) -- October 5, 2005 -- GPS Industries Inc. (OTC BB: GPSN), a leading innovator of Wi-Fi wireless and GPS-enabled multimedia communications and management solutions for golf facilities, resorts, sporting events and residential communities, today announced the formation of a team to address licensing its portfolio of intellectual property, including patents which cover the use of global positioning satellites (GPS) for distance measurement on golf courses.

The licensing team includes James C. McGill, a consultant who was instrumental in bringing the Pinranger technology to the United States in 1994. Mr. McGill has been active in the GPS distance measurement business and will focus on licensing activities and can be contacted at james.mcgill@goanyware.com or direct 918-388-3525.

"Mr. McGill and this legal team in USA and abroad have the experience and contacts necessary for successfully pursuing these patents, and is a strong addition to the GPS Industries team," said Robert Silzer, Sr., President and CEO of GPSI.

Assisting Mr. McGill in the U.S.A. will be Mr. Tim Maloney from the law firm of Fitch, Even, Tabin & Flannery, based in Chicago, Illinois.

Working with Mr. McGill internationally will be Dr. Myles Jelf, Partner, of the London-based law firm Bristows, United Kingdom.

The licensing team will offer licenses to all companies in the covered countries.

"In 2004 we acquired the United States patent which addresses GPS distance measurement on golf courses from Optimal Golf Solutions. We also acquired patent rights in 16 foreign countries from Pinranger (Australia) Pty Ltd. In 2005 we planned to make licenses available to all suppliers of GPS distance measurement equipment provided for golf courses. We now have the team in place to affect those plans," states Silzer.

GPS Industries, Inc.

GPS Industries, Inc. (GPSI) develops and markets GPS and Wi-Fi wireless multimedia solutions to enable managers of golf facilities, resorts, sporting events, and residential communities worldwide to generate significant new revenue streams and improve operational efficiencies. The company's unique and patented Inforemer™ product line provides a complete GPS golf business solution, combining a powerful backend management information system and revenue-generating modules with mobile color handheld or cart-mounted Differential GPS units, seamlessly connected via a wireless, high-speed Wi-Fi network. For additional information on GPSI and its solutions, please visit www.gpsindustries.com.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: The Company's ability to raise finance; global and market conditions within the golf industry; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Other brands and names contained in this release are the property of their respective owners.

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