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| Financial
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Boomerang Reports Record Second Quarter Revenues and Earnings
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ˇRevenues up 300% to $ 3.4 million; ˇNet Earnings up 655% to $ 0.8 million; ˇEPS up 660% to $0.038
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Boomerang Tracking Inc.
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Interim Press Release
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Linda Farha
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12/12/2000
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Full press release in Adobe .pdf format
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| Boomerang
Tracking Inc. assembles, markets and distributes
the Boomerang Tracking System, a proprietary product
using technology patented by the Company. The
Boomerang Tracking System is the central device
in a cellular-based asset tracking system utilizing
the wireless systems of major regional telecommunications
companies. The Boomerang Tracking System is capable
of locating stolen automobiles, heavy equipment
and valuable objects. The Company's proven recovery
record has received endorsement by members of
the insurance industry. The Boomerang Tracking
System is installed through a network of authorized
dealers located throughout the provinces of Quebec,
Ontario and British Columbia. The Company's head
office, research and development, production and
corporate installation facilities are located
in Montreal, Quebec. Boomerang is a registered
trademark of Boomerang Tracking Inc. The shares
of Boomerang Tracking Inc. trade on The Toronto
Stock Exchange under the symbol BMG. |
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