GPS Industries Acquires UpLink's Operations and Assets



    GPSI Becomes Golf's Largest Wi-Fi Based Cart Management Solutions Company

    VANCOUVER, British Columbia, Jan. 24 /CNW/ -- GPS Industries, Inc. (GPSI)
(OTC Bulletin Board:   GPSN), international developer of global positioning
system (GPS) and Wi-Fi multimedia solutions serving the golf industry, has
completed the acquisition of UpLink Corporation's operations and assets.
UpLink is a leading developer of GPS and Wi-Fi enabled applications for the
North American golf industry market. With the acquisition, GPSI becomes the
leading international, "direct-to-golfer" media display company.
    The acquisition expands GPSI's customer network to over 300 golf courses
world-wide and comes on the heals of the company's recent announcement of
agreements to install GPSI's patented Inforemer(R) HDX WiFi/GPS Management
System at Doral Resort and Spa in Florida (a Marriott Resort) and La Quinta
Resort and Club and PGA West in California (members of the Waldorf Astoria
Collection).
    GPSI and UpLink have cooperated extensively since signing an acquisition
letter of intent in June 2007. The original August 31, 2007 Asset Purchase
Agreement between the companies was based on the transfer of 129 million
shares of GPSI common stock plus $1.2 million in cash, with GPSI assuming $1.3
million in bank debt and certain defined liabilities. The parties have
successfully restructured the consideration to include 142 million in GPSI
common stock shares, Notes payable to certain secured UpLink shareholders
totaling approximately $1.5 million and 120,000 shares of Series "B" Preferred
Stock in lieu of cash. The deal restructuring provides GPSI with a stronger
balance sheet and upside potential for UpLink shareholders.
    "Completion of this very important transaction provides further impetus
to streamlining operations and reducing overhead expenses, which GPSI has been
attending to as the finality of the acquisition has become more certain," said
Doug Wood, CEO of GPSI.
    "More importantly, the combination of the patent portfolios of these two
entities is very powerful to not only the HDX technology for course display
information to golfers, but also to the newly combined operations industry
leading golf cart management solutions, and to its proprietary position-based
advertising display capabilities," Wood added. "The synergy of the patent and
technology positions of these two entities catapults GPSI into the industry
leadership role."
    The acquisition adds UpLink's patented "IQ Link" cart control and
monitoring application to GPSI's suite of proprietary display and differential
GPS capabilities. IQ Link addresses a major need among course operators to
control access to potentially dangerous or environmentally sensitive property
areas and GPSI plans to incorporate this technology in future releases of its
patented Inforemer HDX product.
    Existing customers of both firms will enjoy enhanced around-the-clock
support as a result of merged international service teams. "Customer service
has been a hallmark of both companies," said UpLink CEO Glenn Pierce. "In fact
it's one of the shared values that make this a truly synergistic combination.
The trust and confidence of our customers is central to the success we have
both enjoyed and will be a key factor in continuing the gains we have both
achieved."

    About GPS Industries, Inc.

    GPS Industries, Inc. (GPSI) develops and markets GPS and Wi-Fi multimedia
solutions to enable managers of golf facilities, resorts, and residential
communities to improve operational efficiencies and generate significant new
revenue streams. The company's Inforemer(R) Management Solutions product line
provides integrated software applications and a high-resolution 10.4-inch cart
mounted "HDX" display panel. The HDX panels vividly illustrate each hole,
providing precise distance measurement information, strategic playing tips and
targeted advertising messages. The patented system is seamlessly connected via
a high-speed Wi-Fi network that enables the entire facility into a wireless
hot spot. For additional information, please visit
http://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.





For further information:

For further information: Joe Miller, Chief Financial Officer, 
+1-604-576-7442, Joe.miller@gpsindustries.com, or Ryan Gray, Investor 
Relations, +1-310-276-6743, ryan@gpsindustries.com, both of GPS Industries, 
Inc. Web Site: http://www.gpsindustries.com/

Organization Profile

GPS INDUSTRIES, INC.

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UPLINK CORPORATION

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