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| Boomerang recovers close to $1.5 million in stolen assets in three days
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Boomerang Tracking Inc.
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Press Release
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Serge Laporte
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12/10/2001
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Thanks to its cellular based tracking device, Boomerang Tracking Inc. (TSE:BMG) recovered almost $1.5 million in stolen assets in only three days.
This impressive total was the result of five different thefts:
·Two Mercedes ML430s and a BMW X5 were stolen in Vancouver. The theft led Boomerang trackers to McAllan, Texas near the Mexican border leading to three arrests and the recovery of the three vehicles;
·The recovery of a Jaguar V6 led to the arrest of two individuals charged with extorsion, carrying illegal firearms, kidnapping and vehicle theft;
·A stolen 2000 MACK truck was recovered in St.-Jean-Baptiste, Quebec with its cargo of approximately 30 Bombardier snowmobiles still aboard;
·Two valuable convertibles, a 2002 BMW 325 CI and a 2001 Mercedes SLK 230, were returned to their owners after being stolen in British Columbia. Both were soon recovered with the help of police in the United States;
·A stolen MACK cement pumping-station truck valued at over $800,000 was found in Sault-St-Marie, Ontario shortly after being reported stolen from Longueuil, Quebec.
“Boomerang’s success is due to several unique factors: the cellular based tracking device is always hidden in a different place in each vehicle and is installed by certified and bonded technicians only, stolen vehicles are tracked by the company’s in-house team providing instant response to theft 24 hours a day and the device cannot be detected therefore providing the highest level of security to the vehicle owner. Most stolen vehicles are recovered within one hour from the time they are reported stolen, thus minimizing damage to stolen property, if any, and safely returning the vehicle with its contents” commented Peter Lashchuk, the Company’s president.
Boomerang Tracking Systems have led to the recovery of over 1,300 vehicles and other valuable assets, valued at more than $65 million. Over 40 insurance companies have recognized Boomerang’s effectiveness and either recommend or mandate its installation in high risk or high-end vehicles. To date, more than 84,000 vehicles are protected by a Boomerang device. The Boomerang Tracking Systems are distributed in Quebec, Ontario and British Columbia and are capable of tracking stolen assets throughout North America.
For further information regarding the Boomerang Tracking Systems, contact the Company’s customer service department at 1.877.777.8722 or visit its website at www.boomerangtracking.com.
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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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