SOURCE: Tracking Corporation

April 12, 2007 15:00 ET

MicroTRAK GPS Announces Record First Quarter

DALLAS, TX -- (MARKET WIRE) -- April 12, 2007 -- The Tracking Corporation (PINKSHEETS: MIOK) has experienced a record first quarter. Sales have increased over 100% from 2006, with reported sales reaching over $1.1 million and losses reduced to $288,000 from $387,000 from the previous quarter, marking a 33% improvement.

Having experienced a first quarter turn-around from last year, MicroTRAK GPS is preparing new products for shipment in the second quarter. They have introduced a new Locate 1+ portable GPS unit and started development on a new fleet product.

Commenting on their success, Jerry Grisaffi, CEO of MicroTRAK GPS, INC., said, "Our sales growth was driven by a strong backlog and continued robust demand for our products. We anticipate strong financial performance throughout 2007."

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 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 Exchange Act of 1933, as amended, and Section 21E of the Securities 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 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:
    Lisa Cooper
    The Tracking Corporation
    214-361-8812

    Market News First
    Angela Junell
    214-461-3411
    ajunell@MN1.com