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Boomerang Tracking Inc. Lists on the TSE
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Boomerang Tracking Inc.
Press Release
Sylvain Dunn, Genevieve Foster
2/12/2001
MONTREAL, Quebec, February 12, 2001 – Boomerang Tracking Inc., formerly known as R.A.N.K.I.N. Technologies Inc., is proud to announce that the Company’s shares will be listed on the Toronto Stock Exchange (TSE) as of February 14, 2001.

Boomerang Tracking Inc. has more than 22 million shares in circulation. The Company’s shares will be listed on the Canadian Venture Exchange (CDNX) under the trading symbol BMG.A until February 13, 2001. As of February 14, 2001, they will be solely listed on the TSE under the symbol BMG. There will not be a period of dual listing.

"This move to the TSE is part of our overall growth strategy. It will provide the platform for increased visibility in the investment community - a critical element for a company planning on developing an international presence. At this stage of our growth, it is imperative that we attract investor interest," said Jacques Deforges, Vice President and Chief Financial Officer of the Company.

"The success that we have realized to date has far surpassed our goals. As part of our overall strategy, we have added seasoned professionals to our management team and to our Board of Directors. We have the internal structure, the employees, the financial resources and, above all, a proven product with market recognition. Our second generation Boomerang®, Boomerang2®, set to launch this year, has already captured the interest of our clients and the insurance community," said Peter Lashchuk, president of the Company.

“Currently, the Boomerang® is distributed in Quebec, Ontario, British Columbia and in the Dominican Republic. We are now working on new initiatives to strengthen the distribution of the Boomerang® domestically as well as expand into foreign markets. We are increasing our presence in Ontario and, since the beginning of this year, have secured agreements with eight insurers in this market. These insurance companies not only recommend the installation of the Boomerang® on vehicles considered high risk and/or high value but also provide insurance premium discounts as a result,” continued Mr. Lashchuk. “During the course of this year, we will be focusing our efforts on developing and finalizing international licenses. We are extremely enthusiastic about the future of the Company and its potential.”

Since 1998, approximately $40 million in assets have been recovered thanks to the Boomerang® Tracking System, representing more than 750 recovered vehicles and other valuable assets. To date, more than 42,000 Boomerang® units have been installed.


About Boomerang Tracking Inc.

Boomerang Tracking Inc. assembles, markets and distributes the Boomerang®, a proprietary product using technology patented by the Company. Its head office, installation and production facilities are located in Montreal, Quebec. 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 Company’s proven recovery record has received endorsement by members of the insurance industry. Boomerang® is a registered trademark of Boomerang Tracking Inc.

This press release contains forward-looking statements, which reflect the Company''s current expectation regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors. Investors should consult the Company''s ongoing quarterly filings, annual reports and proxy solicitation filings for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements and the Company disclaims any obligation to update them.

No regulatory authority has approved or disapproved of the information contained herein.
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.