Darren Rovell’s "On the Money" Segment Profiles Company’s Patented InforemerÌø?å¢ Golf Management System for Prime Time Audience
VANCOUVER, British Columbia — June 13, 2007 — GPS Industries, Inc. (GPSI) (OTCBB:GPSN), a global media and technology solutions provider, today announced that CNBC’s Sports Business Reporter, Darren Rovell, will profile the Company’s patented Inforemerï?¢ technology. The segment, taped at the historic Olde Homestead Golf Course in New Tripoli, PA, was produced by Tom Rotunno and is expected to air Thursday, June 14 in CNBC’s "On the Money" between 7:00 and 8:00pm Eastern Time.
The Inforemerï?¢ system provides an enriched playing experience for golfers and a comprehensive suite of management tools for course operators. The Company has also developed its network of golf course customers into a unique narrowcast media division, InforeMediaï?¤, which delivers ad messages to millions of golfers via Inforemer’s vivid 10.4-inch cart mount LCD panels. The multiple benefits to both course operators and players are showcased in the "On the Money" segment.
Olde Homestead Golf Club is an exceptional daily fee course in Pennsylvania’s Lehigh Valley, the first in its area to offer the best-of-breed Inforemerï?¢ GPS system. Built on 700-acres of historic farmland, Olde Homestead features a restored 1910 farmhouse as its clubhouse, a 1700’s summer kitchen, a former one-room schoolhouse, drive-through corn cribs and a horse-drawn carriage museum.
"Naturally we are very pleased to receive this coverage on CNBC," stated Steven Barrett, Chief Marketing Officer of GPS Industries, who was interviewed for the segment by Rovell. "The network is widely recognized as the leading source of financial news and the fact that our business has merited their attention is certainly gratifying. I also suppose it’s somewhat ironic that our satellite-based GPS technology was profiled in a setting so deeply traditional and rural as Olde Homestead."
CNBC, with viewership estimated at over 83 million, offers in-depth and breaking financial news coverage, focusing on politics, business, finance and entertainment. Programming includes live ongoing coverage of daily stock market activity, breaking business news, and in-depth interviews with top business analysts and executives.
About GPS Industries (GPSI)
GPS Industries, Inc. (OTCBB: GPSN) is a global media and 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 Inforemerï?¢ GPS Management System features an integrated Wi-Fi communications network, a comprehensive suite of management tools, and award-winning cart-mounted display units that provide an enriched playing experience for golfers and a lucrative advertising opportunity for the Company and its client facilities. In the community development vertical, the Company’s WiStreamâ?¢ 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.
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