Market Opportunities Continue To Expand For Growing Company
Vancouver, CANADA – GPS Industries, Inc. (GPSI) (OTC BB: GPSN.OB), the leading innovator of Wi-Fi enabled GPS systems for golf facilities, resorts and residential communities, today announced it has acquired Golf IT, a provider of sophisticated golf course operations software. By integrating its patented Wi-Fi powered GPS technology suite with Golf IT’s complete back-end golf management platform, the Company is poised to become the only provider of a comprehensive management solution for the $39 billion golf industry.
Established in 2001 and headquartered in Ontario, Canada, Golf IT is a privately held developer of value-added recreation facility solutions.
"Golf IT’s suite of management tools and fully integrated accounting functionality have been designed to empower club owners and operators to maximize profitability," said Golf IT Founder, Brian Marcell. "Encompassing dozens of management functions that other providers only offer as single applications, our software includes everything from front desk tee time reservations to back-room inventory tracking, real-time management reporting tools, even loyalty program administration. The only thing Golf IT has lacked is the means to fully capitalize on the potential of our IP. The financial strength of GPS Industries overcomes that obstacle."
"This will certainly expand our market share in the golf industry and for that reason it is an important milestone," commented Robert Silzer, Sr., the Company’s President and CEO. "However, this acquisition not only uniquely positions our golf technology offering, it allows us to apply the Golf IT platforms to create innovative management information solutions in a whole new range of sectors, which dramatically expands the market opportunity for our firm. With these new intellectual properties we can now capture market share in industry verticals that were previously unavailable to us."
Alex Doaga, Sr. Vice President and Chief Technology Officer for GPS Industries amplified this point: "This acquisition gives us not just a new software tool or set of tools, but the IT equivalent of a laboratory and factory for inventing new tools. The genius of the Golf IT intellectual property is in the scope of management applications it can serve:
spas, resorts, tennis and fitness facilities, hotels â?¦ leading hospitality brands like Ritz-
-more-
Carlton, Marriott and Hilton are now viable targets for our sales and marketing divisions."
"GPSI’s technology and development staff with the existing Golf IT staff will give to the industry a system which is not only ahead of its time but also user-friendly," said Stephen Johnston, President of Global Golf Advisors. "Finally there is a GPS system that is truly a ‘full’ management solution, which very shortly will be integrated at golf courses, hotels and spas. This truly creates one-stop shopping."
CEO Silzer concluded: "By merging the Golf IT components with our best-of-breed GPS and WiFi applications we are now in a position to dominate the golf technology sector. What’s more, we also have a long-term opportunity to penetrate new and potentially lucrative industry verticals."
About GPS Industries (GPSI)
GPS Industries, Inc. (OTCBB: GPSN) is a global technology solutions provider whose GPS and Wi-Fi applications are best-of-breed in the vertical markets of golf course management and residential community development. In the golf industry, the Company’s Inforemer-HDï?¤ GPS Management System features an integrated Wi-Fi communications network, a comprehensive suite of club management tools, and award-winning cart-mounted display units that provide an enriched on-course playing experience. In the community development vertical, the Company’s WiStreamï?¤ division implements WiFi coverage throughout an entire development, creating a community-wide wireless ‘hot-spot’ which supports the Company’s unique array of WiFi amenities: wireless internet connectivity, location tracking devices, wireless security protection, VOIP phones, mobile point-of-sale systems, and an interactive real estate sales tool. GPSI owns key patents for many important GPS and Differential GPS (DGPS) applications in fifteen countries worldwide, including the United States, Australia, Great Britain and Japan. For additional information, please visit www.gpsindustries.com, www.wistream.com and www.gpsifireattheflag.com. For further information on Golf IT visit: www.GolfIT.ca.
Forward-Looking Statements
Some statements contained in this release may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company’s actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company’s ability to generate revenues and other factors as described in the Company’s literature and filings with the Securities and Exchange Commission.
Contact:
Steve Barrett
Chief Marketing Officer
604-576-7442
steven@gpsindustries.com
Ryan Gray
Investor Relations
310-276-6743
ryan@gpsindustries.com
Sean Collins, Senior Partner
CCG Investor Relations
310-477-9800, ext. 202
www.ccgir.com
