Numerous May Installations Generate $1.4 Million Revenue
Vancouver, CANADA – GPS Industries, Inc (GPSI) (OTC BB: GPSN.OB), a global media and technology solutions provider, is pleased to announce the installation of their patented Wi-Fi powered, advertising enhanced GPS systems, at six international golf destinations, including the renowned Robert Trent Jones, Jr. designed Fairmont Chateau Whistler Golf Club in British Columbia, Canada. These installations were all completed in May and represent approximately $1.4 million in revenue to the Company.
Described as "Mountain golf at it’s finest," by Links Magazine and rated 41âå?2 stars by Golf Digest, Chateau Whistler is a truly spectacular golf course and also serves as the western North American home to the David Leadbetter Golf Academy.
Other courses installed in May include: the Golf Club of Indiana, a popular public facility in picturesque Zionville, which plans to extend the Company’s unique WiFi capabilities to a surrounding residential community to be developed in 2008; the Links at Moses Pointe in Washington, where 72 carts are now enhanced with Inforemerï?¢HD displays; Alberta Springs, near Red Deer, Alberta in Canada; rustic Spring Creek Ranch Resort in Jackson, Wyoming and Aspen Lakes Recreation Center, nestled in the shadows of Oregon’s Three Sisters.
"We’ve driven sales up substantially", said Robert C. Silzer Sr., President and CEO of GPS Industries. "by 173% in Q1, and we remain on track to meet or exceed all of last year’s revenue in just the first six months of 2007."
"Golf clubs around the world are adopting our technology as the preferred solution that enhances the playing experience, improves operational efficiencies, and generates measurable bottom line results," Silzer concluded.
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
