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VANCOUVER, British Columbia, -- January 22, 2004 –
GPS Industries Inc. (GPSI) (OTC BB: GPSN, Germany: Berlin
and Frankfurt WKN#: 252179), a leading developer and
provider of global positioning (GPS) golf course and
sports solutions announced that it will be introducing
a new color handheld GPS mobile display unit, forming
the broadest product line the industry has to offer.
The new unit will debut at the 2004 PGA Merchandise
Show being held in Orlando, Florida on January 29 -
February 1, 2004.
A pioneer in the design and development of advanced
GPS mobile display units, GPSI was the first company
to introduce a handheld
GPS unit, and is continuing to lead the industry
in innovative product development. GPSI is the only
company in the industry offering both handheld and cart
mounted GPS units, and the only provider to offer courses
the option to mix-and-match handheld and cart mounted
GPS units in a single, seamless solution. With the introduction
of the new color handheld, courses are now able to choose
from an unprecedented selection of black and white handheld,
color handheld and color cart mounted Inforemer GPS
units.
“This is the perfect solution for high-end private courses,
cart-path only courses and courses with a majority of
walking golfers. Until now there hasn’t been a solution
on the market which truly fits their needs,” commented
Robert Silzer Sr., CEO of GPS Industries.
The new color handheld Inforemer unit is built for resilience
and durability. It features a brilliant backlit color
display that makes it exceptionally easy to view in
direct sunlight. All Inforemer units allow golfers to
view full course graphics and hole layouts. The Inforemer
GPS management system is a total business solution for
golf courses, and includes several revenue-generating
components to increase the bottom line of any course.
About GPS Industries Inc.
GPS Industries Inc. (GPSI) is a developer and provider
of global positioning location-based management systems.
The company’s unique and patented Informer™ system was
designed to meet the needs of golfers, golf courses
and golf course management companies worldwide. The
Inforemer combines the latest in unique high-speed wireless
technology, differential global positioning location-based
services, Internet protocols, two-way messaging, media
management and customer relationship management systems.
GPSI’s products are sold internationally through a growing
network of independent distributors. GPSI’s Board of
Directors includes legendary golfer and businessman
Greg Norman. Additional information can be obtained
from the company’s web site: 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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