news
Boomerang stolen vehicle tracking system is getting noticed
R.A.N.K.I.N. Research Corporation
Serge Laporte
4/29/1999
RANKIN RESEARCH CORPORATION is pleased to announce that one of Canada's largest telecommunication companies has just
ordered several hundred Boomerang systems for use on their self-insured vehicle fleet. This transaction will result in over $ 100,000.00 of revenue over the next quarter. The corporate client has also committed to a 3 year
monitoring commitment and intends to continue purchasing more units in the
near future.

Furthermore, RANKIN has entered in a new strategic alliance with "Motoplan-JEVCO", the largest motorcycle insurance company in Quebec. This is an attempt to curb the astronomical financial losses due to theft.

RANKIN RESEARCH CORPORATION has developed the Canada's first underwriter
approved stolen motorcycle tracking and recovery system. The unit is small,
waterproof and consumes very little energy from the smaller capacity motorcycle batteries.

Starting immediately, every "Motoplan-JEVCO" motorcycle insurance policy holder will enjoy the protection of the Boomerang stolen motorcycle recovery system at an incredibly affordable price. "Motoplan-Jevco" will pay for the $4.95 monthly monitoring service and offer rebates on the policy of up to 35% of the entire premium. Furthermore, for higher end motorcycle owners who install the Boomerang system, theft claims will not be limited to the current $19,000.00 CAD ceiling.

This is a pilot program for the first year. Based on new knowledge acquired this season, the program will be adjusted accordingly.

To date, using the Bell Mobility Cellular network, Boomerang has found 100% of its client's vehicles, assets, cargo, heavy equipment, and even Laptops. A total of 6M$ worth in under 1 year.
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.