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R.A.N.K.I.N. Technologies Inc. Announces Agreement with Aon Reid Stenhouse
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R.A.N.K.I.N. Technologies Inc.
Press Release
Serge Laporte
1/28/2000
MONTREAL, QUEBEC--Rankin Technologies Inc. is pleased to announce an agreement with Aon Reid Stenhouse in which Aon Reid Stenhouse recommends the Boomerang as an effective way to substantially reduce insurance premiums.

"After doing extensive research on vehicle tracking devices and the technology surrounding it, we have concluded that there exists no other tracking system with the proven recovery rate or affordability at this time" said Gilles Duclos, Senior Vice President of Development for Aon Reid Stenhouse, in speaking about the Boomerang.

Aon Reid Stenhouse is a Leading Global Provider of Brokerage, Consulting and Consumer Insurance Services with long standing relationships with trusted insurance providers.


Company Background

Rankin Technologies Inc. markets and distributes the Boomerang, a proprietary product utilizing technology patented by the Company. The Boomerang is the central device in a cellular-based asset tracking system capable of locating stolen automobiles, heavy equipment and valuable objects. Utilizing the cellular systems of major regional telecommunications companies, the Boomerang is capable of functioning indoors, underground, inside metal freight containers and in many other previously inaccessible locations.

Boomerang is a registered trademark of Rankin Technologies Inc. It''s headquarters and production facilities are located in Montreal, Quebec. Rankin products are sold and distributed in the provinces of Quebec, Ontario, British Columbia and in the Dominican Republic. Rankin Technologies Inc. shares are traded on the Canadian Venture Exchange (CDNX) under the trading symbol "BMG.A".

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.