Dallas, Texas – GPS Industries, Inc. (GPSI) (OTC BB: GPSN.OB), owner of numerous golf-related GPS (Global Positioning System) technology patents, today released a follow-up statement regarding the patent infringement suit filed by the Company against: Altex Corporation; DECA International Corp.; GolfLogix, Inc.; GPS Golf Pro, LLC; GPS Technologies, Inc.; Intelligolf LLC; L1 Technologies, Inc.; Links Point, Inc.; SkyHawke Technologies, Inc.; and Tee2Green Technologies, Pty Ltd.
Since the announcement that GPS Industries filed a patent infringement suit in Dallas, Texas Federal District Court on May 11, 2007, the Company has been contacted by many golf industry analysts, publications and business media personnel, all seeking further details. GPS Industries has prepared this further statement in response to those inquiries.
As part of our considerable investment in golf-related technology, we have established the most robust and sophisticated suite of management solutions in the industry and a significant, litigation-tested intellectual property portfolio. Included in this valuable portfolio are patents that relate to distance measurement on golf courses in fourteen countries.
The acquisition of these patents required a major financial commitment on the part of GPS Industries, Inc. It is because of obligations to our shareholders and licensees-in-good-standing that we determined to take legal action. We are now in litigation and will thus have no further comment until a resolution is reached.
About GPS Industries (GPSI)
GPS Industries, Inc. (OTCBB: GPSN) owns the patents for golf-related GPS and Differential GPS (DGPS) applications in fifteen Countries worldwide, including the United States, Australia, Great Britain and Japan. GPSI is also the leading innovator of Wi-Fi powered management solutions for golf facilities and residential communities. The company’s INFOREMERï?¤ GPS Management System features an integrated Wi-Fi communications network and a comprehensive suite of software applications and revenue generating modules. Central to the system’s functionality are the company’s award-winning display units, which deliver the most profitable on-course advertising opportunities in the golf industry. The current install base, which is growing rapidly, reaches an audience of more than 4-million golfers. 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
