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Boomerang Tracking Ranks Number 10 in Canadian Technology Fast 50
Company ranks among fastest growing Companies for second consecutive year
Boomerang Tracking Inc.
Press Release
Serge Laporte
10/2/2003
Boomerang Tracking Inc. (TSX: BMG) is proud to announce that it has ranked number ten, in light of it’s 2900% + five-year growth, in the Deloitte & Touche 2003 Canadian Technology Fast 50 Awards Program. This annual program ranks the 50 fastest growing technology companies in Canada, based on the highest rates of revenue growth over the last five years (1998-2002).

“We are extremely honored to be recognized among the top ten fastest growing technology companies in Canada for a second consecutive year”, commented Peter Lashchuk, the Company’s President and CEO. “This industry recognition underlines the Company’s commitment to profitable, long term growth and confirms our position as a leading-edge technology company and Canada’s premier vehicle tracking solution.“

“The Deloitte & Touche Canadian Technology Fast 50 companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment,” said Garry Foster, National Director, Technology, Media & Telecommunications, Deloitte & Touche. “We applaud the successes of Boomerang Tracking and acknowledge their place as one of the very few to accomplish such a fast growth rate over the past five years.”


About Deloitte & Touche
Deloitte & Touche (www.deloitte.ca) is Canada''s leading professional services firms, providing a full range of assurance and advisory, financial advisory, tax and consulting services through more than 6,600 people in more than 46 locations across the country. We are dedicated to helping our clients and our people excel. Deloitte & Touche is part of Deloitte Touche Tohmatsu, a global leader in professional services with more than 119,000 people in over 140 countries.

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.