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| National Bank General Insurance Recommends The Boomerang
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Boomerang Tracking Inc.
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Press Release
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Serge Laporte
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7/12/2001
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MONTREAL, Quebec – July 12, 2001 – Boomerang Tracking Inc. (TSE : BMG) recently announced that it’s proprietary tracking system, the Boomerang®, has received the support of National Bank General Insurance.
National Bank General Insurance joins thirty of its Quebec counterparts in recommending the Boomerang’s installation in certain luxury or high risk vehicles.
To date, the Boomerang Tracking team has recovered more than 1,000 assets representing a value of over $50 million.
“We are very happy not only to be maintaining the support of Quebec insurers, but to be attracting new partners. National Bank General Insurance is a well-known and respected company. We are pleased to welcome them on board. They have required the Boomerang’s installation on more than 450 models of luxury or high-risk vehicles”, mentioned Peter Lashchuk, president of Boomerang Tracking Inc.
“Auto theft costs the auto insurance industry millions of dollars in Quebec. Finding a way to reduce these losses must be a top priority of insurers”, commented Mr. Pierre-Paul Cournoyer, general manager of National Bank General Insurance.
For further information regarding the Boomerang® Tracking System, contact the Company’s customer service department at 1.877.777.8722 or visit its website at www.boomerangtracking.com.
About National Bank General Insurance
National Bank General Insurance is a division of the National Bank of Canada and offers automobile insurance to clients in Quebec.
National Bank General Insurance offers very attractive rates to good drivers who have better driving records than the provincial average. National Bank General Insurance recognizes that rewarding safe drivers works to lower insurance rates for all those insured.
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, research and development, production and corporate installation facilities are located in Montreal, Quebec. The Boomerang is also installed through a network of authorized dealers located throughout the provinces of Quebec, Ontario and British Columbia. 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. The shares of Boomerang Tracking Inc. are currently being traded on the Toronto Stock Exchange under the symbol BMG.
This press release may contain forward-looking statements, which reflect the Company's current expectations 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 the 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.
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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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