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| Recovery of Caterpillar D5 leads to $500,000 in other seized equipment
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Tracking operation leads to two arrests and the recovery of
ten other high-value vehicles and equipment
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Boomerang Tracking Inc.
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Media Advisory
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Serge Laporte
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5/25/2004
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A York region contractor became the victim of theft when his Caterpillar D5 loader disappeared from his worksite. Luckily the Caterpillar was equipped with a Boomerang tracking device and the theft was immediately reported to Boomerang Tracking Inc.
Boomerang Tracking’s in-house tracking team located the missing Caterpillar, valued at over $110,000, to a warehouse east of Grand Valley Amaranth, Ontario. Ontario Provincial Police officials were immediately notified and seized the recovered loader along with ten other high-value vehicles and pieces of equipment, including: Caterpillar IT28 loader, Breadner 48’ reefer trailer, Triaxle float trailer, 48’ animal stock trailer, Dodge Pick-up, GMC Jimmy, GMC Silverado, Ford F-250 diesel and Ford F-450 dump truck. The estimated total value of the recovery is over $630,000. Two males were taken into custody at the scene, and the police are continuing the investigation.
While construction site theft is not the most common type, it weighs heavily on the industry as one of the most costly, with annual insurance claims representing more than $46 million. Construction theft losses not only mean increased overhead, operating, security and insurance costs, but also scheduling hurdles and lost man-hours of production.
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.
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| 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. |
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