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DataLogic International Begins Shipping Panther Trak(TM) GPS
Vehicle Tracking Devices Under $3.0 Million Agreement
IRVINE, Calif., March 31 /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 begun shipping its vehicle tracking device, Panther Trak(TM), to CBSi
Holdings Inc, under a $3.0 million agreement announced February 3, 2005. CBSi
will utilize Panther Trak for the launch of BounceGPS(TM).
"This past week has been truly an exciting time for DataLogic and for Panther
Trak in particular. In addition to achieving another significant milestone
with the shipping of Panther Trak we learned that it has been nominated by the
AeA Orange County for its 'Best Device' award to be announced in April. Our
team's efforts to refine and perfect Panther Trak are being well rewarded,"
commented Keith C. Moore, DataLogic's CEO.
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 uses wireless
transmitters and the Global Positioning System to provide a very efficient,
flexible and secure mechanism for precisely locating vehicles.
Under the CBSi agreement, DataLogic will provide $3.0 million worth of Panther
Trak units to BounceGPS over a one-year period. DataLogic has customized the
units to BounceGPS's specifications.
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. For more information about
BounceGPS, please visit http://www.bouncegps.com/.
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/.
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:
Keith C. Moore, Chairman and CEO
DataLogic International, Inc.
949-260-0120, ext. 106
Sean Collins, Partner
CCG Investor Relations and Strategic Communications
818-789-0100, ext. 202
DATASOURCE: DataLogic International, Inc.
CONTACT: Keith C. Moore, Chairman and CEO of DataLogic International,
Inc., +1-949-260-0120, ext. 106; or Sean Collins, Partner of CCG Investor
Relations and Strategic Communications, +1-818-789-0100, ext. 202, for
DataLogic International, Inc.
Web site: http://www.bouncegps.com/
Web site: http://www.dlgi.com/