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| R.A.N.K.I.N. Technologies Inc. recovers over 400 vehicles and other valuable assets representing a total value of more than CDN $ 15 million with the "Boomerang'' system
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Insurance companies realize tremendous benefits to their bottom line from these results
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Serge Laporte
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11/3/1999
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MONTREAL, Nov. 3 /CNW/ - R.A.N.K.I.N. Technologies Inc. announces its
most recent recoveries of stolen vehicles and other valuable assets. The grand
total of recovered assets to date is well over CDN $ 15 million. Here are some
of the most recent recoveries:
DATE CAR MAKE APPROX.
VALUE (CDN$)
Sept 1, 1999 Ford Explorer 1999, Range Rover 1998 105,000
Sept 2, 1999 Chev Cavalier 1998, Ford E350,
Volks Golf 1997, Dodge Caravan 1999 106,000
Sept 5, 1999 Dodge Durango 1999 40,000
Sept 7, 1999 Jeep Sahara 1998, BMW 740I 1999,
Case 580 1995, Cat 416B 1999 306,000
Sept 8, 1999 Volks GTI 1997 20,000
Sept 10, 1999 Porsche Carrera 1992 35,000
Sept 12, 1999 Volks Golf GTI 1999, Dodge Durango 1999 74,000
Sept 13, 1999 Dodge Ram 1999 30,000
Sept 16, 1999 MS Generator 1999 6,000
Sept 20, 1999 2 Baja boats (1-28ft and 1-38ft) plus
many other vehicles 1,000,000
Sept 22, 1999 Corvette '99 80,000
Sept 23, 1999 Ford 950F '98 36,000
Sept 22, 1999 Volks Golf GTI '97 20,000
Sept 24, 1999 Case 580 SL 120,000
Sept 28, 1999 CAT 950F 240,000
Oct 1, 1999 Plymouth Breeze `99, Ford Explorer `99,
Jeep Cherokee `99 102,000
Oct 4, 1999 Dodge Caravan SE 2000,
International LSS7 128,000
Oct 6, 1999 CAT 416 B `98 86,000
Oct 8, 1999 CASE 520 SL `99 86,000
Oct 14, 1999 VW Golf GTI `97 20,000
Oct 15, 1999 Dodge Stratus `99,
Jeep Grand Cherokee `99 58,000
Oct 18, 1999 Ford Explorer `99 36,000
COMPANY BACKGROUND
Rankin Technologies Inc. markets and distributes the Boomerang, a
proprietary product utilizing 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 Boomerang is capable of functioning indoors, underground, inside metal
freight containers and in many other previously inaccessible locations.
Boomerang is a registered trademark of R.A.N.K.I.N. Technologies Inc.
It's headquarters and production facilities are located in Montreal,
Quebec. R.A.N.K.I.N. products are sold and distributed in the provinces
of Quebec, Ontario and British Columbia. R.A.N.K.I.N. Technologies Inc.
shares are traded on the Alberta stock exchange under the trading symbol
``BMG.A''.
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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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