Hemisphere GPS Completes Acquisition of BEELINE

    CALGARY, Dec. 24 /CNW/ - Hemisphere GPS (TSX: HEM), a designer and
manufacturer of advanced GPS products, announced today that it has completed
the acquisition of all of the outstanding shares and ongoing operations of
BEELINE Technologies Pty Ltd. ("BEELINE"). An overview of the BEELINE
transaction can be found in Hemisphere GPS's press release dated December 10,
    At closing, Hemisphere GPS issued to BEELINE shareholders consideration
of 2,445,365 common shares of Hemisphere GPS and cash consideration of
US$12.5 million.
    Haywood Securities Inc. acted as financial advisor for Hemisphere GPS on
the transaction.

    About Hemisphere GPS

    Hemisphere GPS designs and manufactures innovative, cost-effective GPS
products for positioning, guidance, and machine control applications in
agriculture, marine and other markets. The Company holds numerous patents and
other intellectual property and owns leading brand names, including Outback
Guidance(R), one of the leading brands in precision GPS for ground
agriculture. The Company is headquartered in Calgary, Alberta, with major
product development, sales, and marketing facilities in Arizona, Kansas, and
Texas. For more information about Hemisphere GPS, go to www.hemispheregps.com.

For further information:

For further information: Cory Pala, Investor Relations, E.vestor
Communications Inc., Phone: (416) 657-2400, E-mail: CPala@evestor.com

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