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Boomerang Tracking Ranks Number 126 In Technology Fast 500
Ranked among North America’s fastest growing technology companies as Company enters U.S.
Boomerang Tracking Inc.
Press Release
Serge Laporte
10/16/2003
Boomerang Tracking Inc. (TSX: BMG) is proud to announce that it has ranked number 126 on the 2003 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America, based on percentage revenue growth over the last five years (1998-2002).

In addition to ranking on the Deloitte Technology Fast 500, Boomerang Tracking ranked tenth on the Canadian Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Canada.

“We are honored to once again be counted amongst North America’s elite in the technology industry,” commented Peter Lashchuk, the Company’s President and CEO. “Given our profitable growth year after year, we are poised to face new challenges and on the right track to ensure that we will always be one step ahead,” concluded Mr. Lashchuk.

“Making the Deloitte Technology Fast 500 is a testament to a company’s commitment to technology,” said Mark A. Evans, national managing partner of Deloitte’s Technology, Media & Telecommunications Group. “With its 2,900% growth rate over five years, Boomerang Tracking has proven that its leadership has the vision and determination to grow in difficult conditions.”


About Deloitte

Deloitte, one of the nation''s leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. "Deloitte" refers to Deloitte & Touche LLP and affiliated entities. Deloitte is the US member firm of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other''s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the name "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the US member firm and not by the Deloitte Touche Tohmatsu Verein. For more information, please visit Deloitte''s web site at www.deloitte.com/us.


Deloitte Technology, Media & Telecommunications (TMT) Group

The TMT Group is composed of service professionals who have a wealth of experience serving technology, media and telecommunications companies throughout the world in areas including cable, communications providers, computers and peripherals, entertainment, media and publishing, networking, semiconductors, software, wireless, and related industries. These specialists understand the challenges that these companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte is a leader in providing strategic, financial and operational assistance to its technology, media and telecommunications clients.
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.