news
Chase down Highway 401 in Toronto leads to impressive recovery
Boomerang Tracking leads to the recovery of approximately $250,000 and two arrests
Boomerang Tracking Inc.
Media Advisory
Serge Laporte
3/5/2003
Boomerang Tracking Inc. (TSX: BMG) successfully located approximately a quarter of a million dollars in stolen assets as part of a recent tracking operation in Ontario.

In the early morning of Friday, February 21, 2003, thieves drove off with a Bobcat excavator and Chevrolet dump truck from a London area construction site. The report of the theft to Boomerang Tracking initiated a tracking operation that led to the arrest of two individuals and the recovery of several valuable pieces of heavy equipment.

The Boomerang team tracked the stolen assets from just outside of London until Ontario Provincial Police stopped the stolen convoy on the eastbound 401 Highway just outside of Gananoque, Ontario. The tracking operation led not only to the recovery of these valuable assets but also to the recovery of three additional pieces of equipment reported stolen, including a GMC Topkick truck, another trailer and a John Deere bulldozer, representing a collective value of approximately $250,000.

According to the Toronto Construction Association, thieves walk or drive off Ontario construction sites with over $12 million worth of equipment each year. Canada-wide, the losses come to $32 million.

“Construction theft is big business. Contractors not only face increased overhead, operating, security and insurance costs, but also scheduling hurdles and lost man-hours of production,” stated Serge Laporte, Vice-President of Sales and International Business Development, Boomerang Tracking Inc. “With the Boomerang® Tracking System, contractors can be assured that their assets are well protected 24 hours a day, seven days a week.” concluded Mr. Laporte.

The Boomerang Tracking System utilizes leading-edge wireless technology to locate automobiles and heavy equipment anytime, anywhere in North America. To date, the system has led to the recovery of over 2200 vehicles and heavy equipment valued at over $112 million.

For more details on the Boomerang tracking devices, 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.