Boomerang Tracking ranks number fifty in Technology Fast 500
Ranked number fifty among North America’s fastest growing technology companies
Boomerang Tracking Inc.
Press Release
Serge Laporte
10/15/2002
Boomerang Tracking Inc. (TSX: BMG) is extremely proud to announce that it has ranked number fifty on the 2002 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 (1997-2001). With an impressive growth of over 9,000% over this period, Boomerang was also recently ranked number one in the Deloitte & Touche 2002 Canadian Technology Fast 50 Awards Program, becoming the first Quebec-based company to achieve this prestigious ranking.

“We are truly proud to lead the Canadian contingent on this year’s Technology Fast 500,” commented Peter Lashchuk, the Company’s President and CEO. “Not only have we achieved recognition of our phenomenal growth in Canada but can now count ourselves among our peers across North America.“ This significant international designation honors our accomplishments in today’s highly challenging marketplace and demonstrates our vision and fortitude to succeed,” concluded Mr. Lashchuk.

"Making the Deloitte & Touche Technology Fast 500 is a testament to a company’s leadership, commitment to technology, and ability to deliver the right solution at the right time, said Mark A. Evans, managing director, Deloitte & Touche Technology, Media & Telecommunications Group. With its 9,082% growth rate over five years, Boomerang Tracking has proven that its leadership has the vision and determination to succeed, and we at Deloitte & Touche salute their accomplishments."

To date, the Boomerang and Boomerang2™ devices have recovered over 1,850 stolen vehicles and other assets valued at almost $100 million including incidental recoveries.


About Boomerang Tracking Inc.

Boomerang Tracking Inc. assembles, markets and distributes the Boomerang® Tracking System, a proprietary product using technology patented by the Company. The Boomerang and Boomerang2TM devices are the central devices in a cellular-based asset tracking system utilizing the wireless systems of major regional telecommunications companies. The Boomerang Tracking System is capable of locating stolen automobiles, heavy equipment and valuable objects. Members of the insurance industry endorse the Company’s proven recovery record. The Boomerang Tracking System is installed through a network of authorized dealers located throughout the provinces of Quebec, Ontario and British Columbia. The Company’s head office, research and development, production and corporate installation facilities are located in Montreal, Quebec. 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.

About Deloitte & Touche

Deloitte & Touche, one of the nation’s leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 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 & Touche has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and its related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche’s Web site at www.deloitte.com.
Boomerang Tracking Corporation markets and distributes the Boomerang® tracking device, a central device 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. The Boomerang devices are available and installed through a network of authorized dealers in the state of California. Boomerang is a registered trademark of Boomerang Tracking Inc., Boomerang Tracking Corporation's parent company. The shares of Boomerang Tracking Inc. trade on The Toronto Stock Exchange under the symbol BMG.