NEW YORK, New York, February 23, 2006 – GPS Industries Inc. (OTCBB: GPSN), 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 the addition of highly respected golf veteran Stephen Johnston, who is ranked #5 on the National Post’s list of "Top 25 Powerbrokers in Canadian Golf", to its already formidable Board of Advisors.
A former golf pro and scratch golfer with 49 holes in one to date (the Canadian record), Mr. Johnston is the current President and Principal founder of Global Golf Advisors, Inc. His company is a recent division spin-off of powerhouse KPMG, and the company was known before January 1, 2006 as KPMG Golf Industry Practice, and continues on with the same management and clientele.
Global Golf Advisors, Inc. has provided professional services to owners and operators of more than 1700 golf courses. From business plans and strategic planning and consulting, to on-site monitoring of construction and tax planning, Johnston and his company work to help both established golf clubs and new golf developments maximize profits and upgrade to state of the art systems that exploit the economic realities and new technologies in the 21st century golf marketplace.
‘Golfing GPS is a relatively new technology, and I am here to help GPS Industries grow," says Johnston. "Their breakthrough Wi-Fi technological enhancement really sets their products apart in the marketplace, and the system they offer becomes a profit generating machine for any golf course from Day One. From a bottom-line perspective, I believe most high end courses would benefit from running this GPS/Wi-Fi system and backend management software, especially those with a real estate component or resort."
Adds GPS Industries CEO and President Robert Silzer, Sr.: "We are working with the best and brightest minds in sports, and we feel Stephen is the perfect addition to our Board of Advisors and will help us to introduce our product all over the world. We are confident that Stephen will immediately and forever raise our profile in the golfing world."
Mr. Johnston joins a Board of Advisors that already includes: Greg Norman, Chairman and CEO of Great White Shark Enterprises; Mike O’Donnell, Nike Golf; Dr. Howard Giles, USGA Rules Official; Jeff Lurie, Owner of the Philadelphia Eagles; Chris Adams, President of K-Castings, Inc; Michael Levy, Founder and President of CBS Sportsline; Nathanial Crosby, Former President of Nicklaus Golf Equipment; and Dave Hodgson, veteran golf industry executive and PGA Golf Pro for 16 years.
In 2005 GPS Industries grew over 300% in year to year sales versus 2004, and is working hard to surpass this mark in 2006.
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:
Ryan Gray
Investor Relations
310.276.6743
ryan@gpsindustries.com
