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Boomerang Leads Police to Another Chop Shop and Over $250,000 in Stolen Assets

Boomerang Tracking Inc.
Press Release
Serge Laporte
6/20/2002
Boomerang Tracking Inc. (TSX:BMG) today announced that it successfully tracked a stolen pickup truck to a chop shop in Berthierville, Quebec, leading to the recovery of 10 cars in total, plus a wide range of engines and other stolen vehicle parts.

A thief stole a 2000 GMC 1500 pickup, valued at close to $29,000, from a parking lot located in Ste. Jerome, Quebec at approximately 12:30 p.m. on Tuesday, June 18. The owner immediately contacted local authorities, notifying them that his truck was equipped with a Boomerang® Tracking System. Boomerang Tracking’s in-house team was notified and tracked the stolen vehicle to an 4,000-square-foot chop shop in Berthierville, Quebec, where authorities recovered the pickup truck among nine intact and disassembled vehicles, along with other valuable assets.

In addition to recovering new/near-new engines and parts “chopped” from an undisclosed number of vehicles, the theft led to the recovery of the following vehicles:

· Ford Excursion (valued at $54,895)
· GMC 1500 (valued at $28,535)
· GMC Sierra (valued at $40,115)
· Mercedes C230 (valued at $44,000)
· Chrysler PT Cruiser (valued at $23,600)
· Chrysler Intrepid (valued at $26,520)
· Ford F-350 (valued at $32,520)
(Values are approximate)

The recoveries represent a value of over $250,000 (excluding other incidental recoveries).

Said Peter Lashchuk, President of Boomerang Tracking: “These recoveries fully demonstrate the power of our Boomerang Tracking System. This device has led to the recovery of over 1,700 vehicles and other assets, representing a value of more than $84 million. Over 30 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 120,000 vehicles are protected by a Boomerang device.”

For more information on the Boomerang and Boomerang2™, visit the Company’s web site at www.boomerangtracking.com or contact customer service at 1.877.777.8722.
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.