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Boomerang Develops Tracking System Using GSM Platform Providing Instant Theft Notification
Boomerang Tracking Inc.
Press Release
Serge Laporte
9/24/2001
Boomerang Tracking Inc. (TSE:BMG), Canada’s leading provider of asset protection and recovery technology, today announced it has developed a Boomerang Tracking device operating on GSM (Global System for Mobile Communications) networks.

“We developed this unique proprietary technology in order to provide tracking services using the GSM platform, the most widely deployed wireless communications network,” says André Boulay, Vice President, Technology of Boomerang Tracking Inc. “This new GSM-based Boomerang will also provide automatic theft notification and lead to a variety of telematic features.”

There are over 560 million GSM subscribers in the world today. This system accounts for over 70% of the world''s digital market and almost 66% of the world''s wireless market. With the vast coverage offered by the GSM network, this Boomerang provides the Company potential entry into markets on all continents.

The Boomerang is a device that can be hidden in vehicles, marine craft or heavy equipment machinery. To date, the company has recovered over 1,150 vehicles and heavy equipment, totalling more than $59 Million CDN.
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.