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DLGI Digital Landscape Group Inc.

8.335
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Digital Landscape Group Inc. LSE:DLGI London Ordinary Share VGG2761A1057 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.335 7.95 8.72 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

DataLogic International Announces $3.0 Million Agreement for Panther Trak(TM) Global Positioning Systems

03/02/2005 3:22pm

PR Newswire (US)


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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/

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