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Boomerang Tracking Appoints Two New Vice Presidents

Boomerang Tracking Inc.
Press Release
Peter Lashchuk
1/28/2002
Mr. Peter Lashchuk, president of Boomerang Tracking Inc. (TSE:BMG) is pleased to announce the appointment of Linda Farha to the position of Vice President, Marketing and Communications and Serge Laporte to Vice President, Sales and International Business Development.

Previous to this appointment, Ms. Farha worked for Boomerang under the title of Director, Marketing, Communications and Investor Relations while Mr. Laporte worked as Vice President, Sales and Marketing.

“With the recent launch of Boomerang2 combined with the number of upcoming developments for Boomerang Tracking, marketing initiatives will take on an increasingly important role in the coming years, along with international expansion. Boomerang’s U.S. launch will also demand a huge effort from both the sales and marketing teams, and I am confident that Ms. Farha and Mr. Laporte are the perfect people to head these initiatives,” affirmed Mr. Lashchuk.

In Canada, Boomerang Tracking Systems have already led to the recovery of over 1,420 vehicles and other valuable assets, valued at approximately $70 million. Using the wireless infrastructures of national cellular carriers, Boomerang is able to locate and recover stolen assets across North America.

For more details on Boomerang Tracking Systems, contact the Company’s customer service department at 1.877.777.8722 or visit www.boomerangtracking.com.

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.