Investment to fuel sales growth and product development of Guardian's GPS
VANCOUVER, British Columbia, June 6 /CNW/ -- Guardian Mobile Monitoring
Systems, Inc., the leading provider of turn-key GPS solutions for the
monitoring of assets, vehicles and loved ones, is pleased to announce the
first closing of its Series B round of financing. This round represents the
company's first institutional round of funding and was led by BC Advantage
Funds, along with leading angel investors and software executives from
Vancouver and across the United States. In conjunction with the financing,
David Raffa will be joining the Board representing BC Advantage Funds, joining
Greg Peet, the Company's Chairman of the Board and John Mack, CEO of USBX
Advisory Services in Los Angeles, as non-executive directors.
"We have been watching the evolution of the location based services
market for the last several years, and we believe all the elements are in
place for widespread commercial and consumer adoption," commented David Raffa,
Partner and Chief Operating Officer of BC Advantage Funds. "Guardian has the
right team, technology and distribution strategy to capitalize on this
enormous opportunity and we are excited to help continue to grow this
"We are pleased to welcome David and the BC Advantage team to Guardian,"
stated John Tedesco, President and CEO of Guardian. "Growth in the market for
GPS solutions is accelerating rapidly. This financing will enable Guardian to
extend our leadership position within the security alarm vertical and to
expand into other reseller markets, including internationally."
Guardian's patent-pending GPS platform is built to work with any wireless
network in the world using any location technology, including those from
industry leaders such as Trimble, Qualcomm and SiRF. The multi-tenant, multi-
tiered architecture of the system enables resellers to offer branded GPS-based
monitoring services to commercial and consumer customers. Solutions range
from covert asset tracking and fleet & equipment management to family safety
applications, including teen driver monitoring.
BC Advantage is the largest and fastest growing venture capital
corporation in British Columbia. Advantage offers everyone in British Columbia
the opportunity to invest in some of the Province's most promising life
science and technology companies. For more information about Advantage, please
About Guardian Mobile Monitoring Systems
Founded in 2002, Guardian Mobile Monitoring Systems, Inc. is the leading
provider of turn-key GPS solutions for the monitoring of assets, vehicles and
loved ones. Guardian's web-based system enables reseller partners to offer
mobile monitoring services to their consumer and commercial customers for
security, productivity and family safety applications. Guardian is a
privately held corporation based in Vancouver, British Columbia with U.S.
operations headquartered in Santa Monica, California. For more information,
please visit http://www.guardianmms.com.
Vice President, Marketing
Guardian Mobile Monitoring Systems, Inc.
For further information:
For further information: Rob Goehring, Vice President, Marketing of
Guardian Mobile Monitoring Systems, Inc., +1-604-683-3106,
firstname.lastname@example.org Web Site: http://www.guardianmms.com