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| Boomerang Tracking Inc., Appoints Mr. Andre Tremblay as
a member of the Company’s Board of Directors
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Boomerang Tracking Inc.
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Press Release
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Serge Laporte
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1/23/2001
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Monreal, Quebec, January 23, 2001 - Mr. Peter Lashchuk, President of Boomerang Tracking Inc., is pleased to announce the appointment of Mr. André Tremblay to the Company’s Board of Directors.
For over five years, Mr. Tremblay has been the President and Chief Executive Officer of Microcell Telecommunications Inc., a major Canadian wireless communications company, which markets Personal Communications Services (PCS) under the Fido® brand name.
“His expertise at the international level, as well as the role he has played in Microcell’s rapid growth, will undoubtedly be put to good use by the Board of Directors of Boomerang Tracking Inc.”, said Peter Lashchuk, President of the Company.
Mr. Tremblay spent a major part of his career in the telecommunications industry. He has been an advisor to the President and Chief Executive Officer of Telesystems Ltd. for the past 15 years and has played an active role in the decision–making regarding the Company’s growth since early 1990. Mr. Tremblay sits on the Board of Directors and is the Executive Vice-President of Telesystem Ltd.
Mr. Tremblay holds a Bachelor’s degree in Administration, an Accounting degree from Université Laval as well as a Master’s degree in Taxation from Université de Sherbrooke. He has also successfully completed the Advanced Management Program offered at the Harvard Business School.
About Boomerang Tracking inc.
Boomerang Tracking Inc. assembles, markets and distributes the Boomerang®, a proprietary product using 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 Company’s proven recovery record has received endorsement by members of the insurance industry. Boomerang® is a registered trademark of Boomerang Tracking Inc. (CDNX : BMG.A) Montreal, Quebec.
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.
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| 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. |
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