LoJack Canada And Sym-Tech Inc. Announce Agreement To Sell & Promote LoJack Products To Car Dealerships Throughout Ontario

MONTREAL, April 30, 2013 /CNW/ - LoJack Canada, a subsidiary of LoJack Corporation (NASDAQ: LOJN), today announced that it has reached an agreement with Sym-Tech Inc., a leading F&I partner to automotive dealerships across Canada. Sym-Tech will sell and market the LoJack® Stolen Vehicle Recovery and Early Warning Systems to authorized car dealerships throughout the province of Ontario.

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By focusing on delivering value and performance, as opposed to simply product sales, Sym-Tech offers dealerships a value-based solution that includes a full suite of F&I products, industry-proven training and development, as well as F&I menu and reporting software, all of which drives F&I performance and dealer profitability. Now, with the addition of the LoJack System to their suite of products, Sym-Tech will be able to offer multi-layered vehicle recovery options for Canadians.

"Sym-Tech has been playing a prominent role assisting dealers to offer a well-structured F&I sales process. Our approach is for the dealer to gain customer trust by providing clear, easy to understand choices based on what is most suitable for their needs." said Brad Wells, Sym-Tech General Manager. "We believe that working with a trusted brand such as LoJack is a win-win for everyone. Ontario dealers are looking for F&I solutions that deliver significant value and satisfaction for their customers. LoJack expands Sym-Tech's ability to offer multiple solutions to our dealer partners and lets them select the best products for their Business Office. With the LoJack System, our consumers have the opportunity to purchase a proven and reliable theft recovery system for their vehicle."

''This agreement with Sym-Tech represents a significant step forward for LoJack Canada, as it will increase and leverage each other's strengths and relationships, enabling us to offer significant opportunities for further growth," said Kevin Joy, General Manager of LoJack Canada. "As the Canadian auto industry continues to recover and consumer demand for new vehicles rises, LoJack Canada sees significant opportunity working with well-established F&I Providers. Being able to reach more dealerships through a recognized provider that is already offering an attractive product suite to dealers is fast proving itself an essential part of LoJack Canada's sales strategy."

LoJack Canada will provide training for Sym-Tech representatives on the various LoJack System offerings and potential dealership presentations.

About SYM-TECH INC.
For over 40 years, Sym-Tech has been a partner to the retail automotive industry by acting as a performance driven company whose goal is to partner with automotive dealers to help improve Business Office performance. Sym-Tech supports dealers by providing industry-leading training programs, performance measurement for ongoing improvement, and a full suite of F&I products. Over the decades, Sym-Tech has maintained long-standing relationships with dealers, affiliated partners and holds exclusivity agreements with industry-leading product suppliers. We are built on a foundation of dedicated people, high quality products and innovative programs. For more information, visit www.sym-tech.ca

About LoJack Canada
Founded in 1995, LoJack Canada has become a technological leader in tracking stolen property and offer a seamless solution to the ever-growing concern for the protection and recovery of stolen vehicles and other valuable assets in Canada. In 2004, LoJack Canada became a wholly owned subsidiary of LoJack Corporation (NASDAQ:LOJN), the company that invented the stolen vehicle recovery market more than 26 years ago and today remains a global leader in tracking and recovering valuable mobile assets. To date, more than 300,000 stolen vehicles have been recovered with the LoJack® System worldwide, valued at almost $4 billion. For more information, visit www.lojack.ca, www.autotheftblog.com, www.youtube/lojackcanada and www.twitter.com/LoJackcanada.

Safe Harbor Regarding Forward Looking Statements
From time to time, information provided by LoJack Corporation or its subsidiaries, including LoJack Canada, may contain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on a number of assumptions and involve a number of risks and uncertainties that could cause actual results to differ materially, including risks associated with LoJack Canada achieving the expected benefits of the agreement with Sym-Tech, LoJack Canada's relationships with partners, dealers and agents, conditions in the automotive retail market in Canada, competition, and the other risks described in LoJack Corporation's Annual Report on Form 10-K for the year ended December 31, 2012 and other filings with the Securities and Exchange Commission. Readers should not place undue reliance on any forward-looking statements, which only speak as of the date made. Except as required by law, LoJack undertakes no obligation to update any forward-looking statements.

© 2013 LoJack Corporation. All rights reserved. LoJack and the LoJack logo are trademarks or registered trademarks of LoJack Corporation in the United States, Canada and other countries.

CONTACT:


Georges Tawil

David Stoller

LoJack Canada

Director, Dealer Support - Sym-Tech Inc.

514-234-8641

905-889-5390 Ext.2820

SOURCE: LoJack Canada

For further information:

http://www.lojack.ca

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