news
Boomerang announces departure of Chief Financial Officer

Boomerang Tracking Inc.
Press Release
Peter Lashchuk
12/12/2001
Boomerang Tracking Inc. (TSE:BMG), Canada’s leading provider of asset protection and recovery technology, today announced that Mr. Jacques Deforges, Vice-president and Chief Financial Officer, will be leaving the Company effective December 18, 2001.

On the occasion of Mr. Deforges’ pending departure, Peter Lashchuk, President and Chief Executive Officer of Boomerang, thanked Mr. Deforges for his past service: and stated that "Jacques has made a tremendous contribution to Boomerang throughout his tenure with us and was instrumental in leading our transformation into a leader in our industry. We wish him every success in his future endeavors."

Boomerang is in the process of interviewing potential candidates to assume the position of Chief Financial Officer of the Company. In the interim, this role will be assumed by a committee comprised of several of the Company’s senior executives.

About Boomerang Tracking Inc.

Boomerang Tracking Inc. assembles, markets and distributes the Boomerang Tracking Systems, proprietary products using technology patented by the Company. Its head office, research and development, production and corporate installation facilities are located in Montreal, Quebec. The Boomerang Tracking Systems are 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 utilizing the cellular systems of major regional telecommunications companies. The Boomerangs are capable of locating stolen automobiles, heavy equipment and valuable objects. 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.
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.