Published: November 09, 2005
GPS Industries Signs Deal With Fort Lewis Military Golf Course
GPS Industries, Inc. (OTC BB: GPSN), a leading
innovator of Wi-Fi and GPS-enabled multimedia communications and management
solutions for golf facilities, resorts, sporting events and residential
communities is pleased to announce an agreement to install 64 of its
award-winning "Inforemer 10.4" color units along with a total software
management and Wi-Fi solution package at the Fort Lewis military base golf
course in Fort Lewis, Washington.
Fort Lewis is the first military contract for GPS Industries, and Robert
Silzer, Sr., President and CEO of GPSI, says, "We are pleased to get a
foothold in this market, and have had discussions ongoing about the
possibility of supplying more military courses in the near term. We are
working towards becoming the exclusive supplier for the entire military
golf establishment in the near to mid term."
Fort Lewis recently opened its golf course to the public, and according to
Brent Silzer, President of Satellite Golf, distributor for GPSI: "This
course has the perfect layout for the average mid to high handicapper. The
military is the originator of GPS technology, and all branches of the
service use GPS frequently in their everyday life, they are familiar and
comfortable with this technology. Now they are beginning to realize the
benefits of incorporating GPS and Wi-Fi into the recreational side of
military life."
Terms of the $248,000 deal are that GPS Industries will fully equip the
Fort Lewis golf course with cart-mounted GPS units in the fall of 2005, as
well as supply GPS Industries' award-winning management suite of software
along with community-wide Wi-Fi Internet access.
Growing from a research and development company, into an industry-leading
and award-winning supplier of GPS and Wi-Fi products to the $38 billion
golf industry, GPS Industries has a long-term strategy of supplying the
world's golf courses with GPS distance measurement technology. Working
towards this goal the company has recently added distributors and sales
personnel worldwide, added a new Director of Communications, acquired the
worldwide GPS golf application patents in 2004, as well as recently
supplying GPS and Wi-Fi solutions to top golf courses and premiere resorts
in France, Spain, South Africa, Canada and all over the United States.
GPS Industries, Inc.
GPS Industries, Inc. (GPSI) develops and markets GPS and Wi-Fi wireless
multimedia solutions to enable managers of golf facilities, resorts,
sporting events, and residential communities worldwide to generate
significant new revenue streams and improve operational efficiencies. The
company's unique and patented Inforemer(TM) product line provides a
complete GPS golf business solution, combining a powerful backend
management information system and revenue generating modules with mobile
color handheld or cart-mounted Differential GPS units, seamlessly connected
via a wireless, high-speed Wi-Fi network. For additional information on
GPSI and its solutions, please visit www.gpsindustries.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Actual results may
differ materially as a result of certain risks and uncertainties. These
risks and uncertainties include, but are not limited to: The Company's
ability to raise finance; global and market conditions within the golf
industry; demand for and market acceptance of new and existing products;
successful development of new products; the timing of new product
introductions; pricing pressures and other competitive factors; the ability
to develop and implement new technologies and to obtain protection for the
related intellectual property; as well as other risks and uncertainties,
including but not limited to those detailed from time to time in the
company's Securities and Exchange Commission filings. These forward-looking
statements are made only as of the date hereof, and the company undertakes
no obligation to update or revise the forward-looking statements, whether
as a result of new information, future events or otherwise. Other brands
and names contained in this release are the property of their respective
owners.
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