SOURCE: The Tracking Corporation

August 14, 2008 08:30 ET

The Tracking Corporation's Board of Directors Elects Rick Hough Chairman

DALLAS, TX--(Marketwire - August 14, 2008) - The Tracking Corporation's Board of Directors (PINKSHEETS: TRKG) has elected Rick Hough Chairman, President and CEO.

Jerry Grisaffi, Founder and Chairman and CEO, announced today that he is stepping down and is excited about bringing in seasoned management with funding to take The Tracking Corporation to new heights. Mr. Grisaffi will stay on as head of Business Development and Mobile Fleet Sales.

Mr. Drew Diaz will assume the interim job as COO. Mr. Diaz sits on the Board of The Tracking Corporation and looks forward to helping the company become profitable. Mr. Diaz brings a background of senior sales management as well as international marketing. Mr. Diaz's background as head of worldwide sales for a major medical supplier will help TRKG reach the sales level needed for aggressive market expansion.

Commenting on the elections, Rick Hough, Chairman of the Board and Chief Executive Officer said, "The new roles will allow us to further implement our succession planning while preserving access to the experience of a management team that should achieve great success. I look forward to continuing to work with Jerry to reach our goals for our customers, shareholders and associates."


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.