Financial News
Changes to Boomerang Tracking’s Board of Directors

Boomerang Tracking Inc.
Press Release
Sylvain Dunn, Genevieve Foster
9/26/2003
Boomerang Tracking Inc. (TSX: BMG) is proud to announce the election of Mr. Lawrence Nadler to the Company’s Board of Directors. Mr. Nadler was elected during the Company’s 2003 Annual Shareholders’ meeting held yesterday morning in Montreal.

A Harvard University MBA graduate, Mr. Nadler is Chairman of Equirex Leasing Corporation. He has previously held offices as President and CEO of Canadelle (Wonderbra), the largest and most successful women’s intimate apparel company in Canada, as well as Chairman of Bali Brassiere (USA). He has also operated his own Management Consulting firm and taught business strategy at McGill University, Faculty of Management as a part-time auxiliary Professor.

“Mr. Nadler’s significant depth and breadth of expertise will be a strong asset to Boomerang Tracking,” said Peter Lashchuk, President and CEO. “The management team looks forward to his insight and strategic counsel as we focus on expanding our business into the United States.”

In related matter, Mr. Lashchuk announced the resignation of Mr. Réné Branchaud from the Board.

“Mr. Branchaud has contributed significantly to Boomerang Tracking’s strong performance. We have benefited greatly from his broad industry experience and thank him for his support over the last five years. We wish him all the best in his new endeavors,“ concluded Peter Lashchuk.
Boomerang Tracking Inc. markets and distributes the Boomerang® tracking devices, proprietary products using technology patented by the Company. The Boomerang, Boomerang2™ and GSM-based units are the central devices in a system that uses the wireless networks of major regional telecommunications companies for tracking stolen assets. The Boomerang Tracking System is capable of locating stolen automobiles, heavy equipment and valuable assets. As a result of its success, the Company has received the endorsement of members of the insurance industry. The Boomerang devices are available and installed through a network of authorized dealers in Quebec and Ontario. The Company's head office, research and development centre and manufacturing facilities are located in Montreal, Quebec, with regional facilities located in Mississauga, Ontario and Orange County, California. Boomerang is a registered trademark and Boomerang2 is a trademark of Boomerang Tracking Inc. The shares of Boomerang Tracking Inc. trade on The Toronto Stock Exchange under the symbol BMG.