NEW YORK, New York, November 9, 2005 – GPS Industries, Inc. (OTC BB:GPSN.OB – News), a leading innovator of Wi-Fi and GPS-enabled multimedia communications and management solutions for golf facilities, resorts, sporting events and residential communities is pleased to announce an agreement to install 64 of its award winning "Inforemer" 10.4" color units along with a total software management and Wi-Fi solution package at the Fort Lewis military base golf course in Fort Lewis, Washington.
Fort Lewis is the first military contract for GPS Industries, and Robert Silzer, Sr., President and CEO of GPSI says "We are pleased to get a foothold in this market, and have had discussions ongoing about the possibility of supplying more military courses in the near term. We are working towards becoming the exclusive supplier for the entire military golf establishment in the near to mid term."
Fort Lewis recently opened its golf course to the public, and according to Brent Silzer, President of Satellite Golf, distributor for GPSI: "This course has the perfect layout for the average mid to high handicapper. The military is the originator of GPS technology, and all branches of the service use GPS frequently in their everyday life, they are familiar and comfortable with this technology. Now they are beginning to realize the benefits of incorporating GPS and Wi-Fi into the recreational side of military life."
Terms of the $248,000 deal are that GPS Industries will fully equip the Fort Lewis golf course with cart mounted GPS units in the fall of 2005, as well as supply GPS Industries’ award winning management suite of software along with community-wide Wi-Fi Internet access.
Growing from a research and development company, into an industry-leading and award winning supplier of GPS and Wi-Fi products to the $38 billion golf industry, GPS Industries has a long-term strategy of supplying the world’s golf courses with GPS distance measurement technology. Working towards this goal the company has recently added distributors and sales personnel worldwide, added a new Director of Communications, acquired the worldwide GPS golf application patents in 2004, as well as recently supplying GPS and Wi-Fi solutions to top golf courses and premiere resorts in France, Spain, South Africa, Canada and all over the United States.
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(TM) 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.
Contact:
Bernadine Plavcic
Director, Marketing & Communications, GPS Industries
604.576.7442 ext 136
bernadine@gpsindustries.com
Ryan Gray
Investor Relations
310.276.6743
ryan@gpsindustries.com
