DataLogic International Begins Shipping Panther Trak(TM) GPS Vehicle Tracking Devices Under $3.0 Million Agreement
March 31 2005 - 8:00AM
PR Newswire (US)
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/
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