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Boomerang Tracking Inc. ranked as finalist in the Deloitte & Touche Canadian Technology Fast 50

Boomerang Tracking Inc.
Press Release
Serge Laporte
8/26/2002
Boomerang Tracking Inc. (TSX: BMG) is proud to announce it is a finalist in Deloitte & Touche’s 2002 Canadian Technology Fast 50 awards program. These prestigious awards recognize the 50 fastest growing high technology companies in Canada.

Created in 1997 by Deloitte & Touche, Canada, this annual program ranks the 50 fastest growing technology companies based on the highest rates of revenue growth over a five-year period. Nominated firms can be small or large, private or public and range from all technology sectors, including Software, Hardware, Internet Communications/Networking, Semiconductors and Computer peripherals and Life Sciences.

According to Peter Lashchuk, Boomerang Tracking’s President and CEO, this nomination is one of the Company’s most meaningful given its young, dynamic team. “This Canadian recognition is due to the efforts of each and every person at Boomerang Tracking and we are very proud of our accomplishments,” he remarked.

On September 25, Boomerang Tracking''s numerical ranking amongst the Fast 50 winners will be announced publicly by Deloitte & Touche “Regardless of our ranking, we are all very proud of Boomerang Tracking’s successes. To be distinguished among the fastest growing companies is in itself a triumph,” concluded Mr. Lashchuk.
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.