VANCOUVER, British Columbia, Feb. 19 /CNW/ -- GPS Industries, Inc. (GPSI)
(OTC Bulletin Board: GPSN), the only provider of Wi-Fi powered, advertising
enhanced GPS systems for golf facilities, resorts and residential communities,
today provides an updated sales outlook.
The new Inforemer HDX released in the fourth quarter of 2007 has debuted
to rave reviews from the marketplace. The company has received signed
contracts valued in excess of $5.7 million that are scheduled for installation
through the first quarter and into the second quarter of 2008 for courses
world wide. The new orders cover courses in Europe, South Africa, United Arab
Emirates, and throughout North America.
"We are obviously delighted with the response and recent order activity
that began during the last quarter of 2007, and this builds on the
tremendously positive response we received at the PGA Golf Show in January,"
said Doug Wood, CEO of GPS Industries. "We were confident the market would
respond to the capabilities of our upgraded HDX technology heading into the
show. We are thrilled and grateful to our new customers who obviously are
excited about the products and solutions that the company is now offering,"
The first installations of the new HDX system were just completed at
Coral Ridge Country Club in Ft. Lauderdale and at Tiburon in Naples Florida. A
highlight for the first quarter will be installations at several signature
facilities including Doral Resort and Spa, PGA West, and La Quinta Resort and
Club. "These key installations will establish GPS Industries as the preeminent
solution provider for multi-course and large resort-style operations," says
Wood. "We are the only company able to provide a fully integrated solution to
address the unique operational challenges of geographically separated and
diverse retail points that are all contained within one large operation."
"I feel these recent results are helping to prove that with our
acquisition of Uplink and the expanded network of industry contacts and
technology that we are providing solutions that the industry has been waiting
for. I look forward to continuing these efforts for the benefit of our
customers and shareholders," said Wood.
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
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.firstname.lastname@example.org, or Investor Relations, Ryan
Gray, +1-310-276-6743, email@example.com, both of GPS Industries, Inc.
Web Site: http://www.gpsindustries.com