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DataLogic International Announces $3.0 Million Agreement for
Panther Trak(TM) Global Positioning Systems
IRVINE, Calif., Feb. 3 /PRNewswire-FirstCall/ -- DataLogic International,
Inc., (OTC Bulletin Board: DLGI; Berlin, Frankfurt Stock Exchange: 779612) a
provider of a wide range of consulting services and telecommunications products
including VoIP equipment and GPS vehicle tracking devices, today announced that
it has entered into an agreement to provide its global positioning system,
Panther Trak(TM), to CBSi Holdings Inc. CBSi will utilize Panther Trak for the
March 2005 launch of BounceGPS(TM).
The agreement significantly expands DataLogic's position in the GPS marketplace
and calls for DataLogic to provide $3 million worth of Panther Trak units to
BounceGPS over a one-year period. Under the terms of the agreement, DataLogic
will customize the units to optimize BounceGPS's collateral protection
application.
"This agreement is a significant win for DataLogic and a testament to the
innovative spirit and dedication of our GPS Products Group," commented Keith C.
Moore, DataLogic's CEO. "This order confirms the commercialization of Panther
Trak and secures our position in what we believe to be a very dynamic market."
BounceGPS, through its collateral protection application, will use Panther Trak
to reduce delinquency rates and speed the recovery of delinquent collateral. A
significant cost of retrieving delinquent collateral, such as a repossessed
vehicle, is incurred in locating the vehicle. Panther Trak, through its global
positioning features, provides a very efficient mechanism to precisely locate
vehicles.
Moore added, "This particular application of Panther Trak, providing tracking
capability for delinquent vehicles, will help protect a lender's collateral.
We are confident that this use of Panther Trak will lower costs across the
business spectrum, from the lender and wholesale dealer to the consumer."
BounceGPS President Walt Camping commented, "We did extensive research on GPS
devices and found Panther Trak to have the most robust feature set and form
factor that matched our needs. I am convinced that Panther Trak will be of
immense benefit to our customers. Panther Trak will have an immediate positive
impact on our business."
About DataLogic International, Inc.
DataLogic International, Inc. is a technology and professional services company
providing a wide range of consulting services and telecommunications products
such as VoIP phones, videophones, communications servers and GPS vehicle
tracking devices. The company also provides Information Technology outsourcing
and consulting services. DataLogic's customers include U.S. and international
governmental agencies as well as a variety of international commercial
organizations. For more information about DataLogic International, please
visit http://www.dlgi.com/.
About BounceGPS
BounceGPS provides a complete collateral protection solution to lien holders
through the use of advanced technologies. BounceGPS reduces delinquency costs
and provides a faster and lower risk solution to recover delinquent collateral.
BounceGPS is affiliated with privately held Camping Companies, Inc. (CCI).
CCI is the premier repossession agency, currently serving Arizona, Colorado,
Nevada, Oklahoma, Utah, and portions of California.
This news release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, as amended, regarding, among other things, our plans,
strategies and prospects, both business and financial. Although we believe
that our plans, intentions and expectations reflected in or suggested by these
forward-looking statements are reasonable, we cannot assure you that we will
achieve or realize these plans, intentions or expectations. Forward-looking
statements are inherently subject to risks, uncertainties and assumptions. Many
of the forward-looking statements contained in this news release may be
identified by the use of forward-looking words such as: believe, expect,
anticipate, should, planned, will, may, intend, estimated, and potential, among
others. Important factors that could cause actual results to differ materially
from the forward-looking statements we make in this news release include market
conditions and those set forth in reports or documents that we file from time
to time with the United States Securities and Exchange Commission. All
forward-looking statements attributable to DataLogic International or a person
acting on its behalf are expressly qualified in their entirety by this
cautionary language.
Contact Information:
Donna Dolan
Investor Relations
949-260-0120 ext 204
DATASOURCE: DataLogic International, Inc.
CONTACT: Donna Dolan, Investor Relations of DataLogic International,
Inc., +1-949-260-0120, ext. 204,
Web site: http://www.dlgi.com/