GPS Industries Inc. is a business solutions provider that is changing the way people play golf and how golf courses do business. Our signature solution, the Inforemer, has reinvented the application of global positioning (GPS) to the game and the business of golf by enhancing both a golfer's game and a course's profitability like never before.
GPS Industries, a publicly traded company based in Vancouver, Canada with customers around the world, is both a pioneer and market leader in the development of GPS golf business solutions. The Company has over a decade of experience in GPS and has invested heavily in its patented Inforemer technology. GPS Industries partners with other leaders in sports and technology, such as Greg Norman's Great White Shark Enterprises and CBS Sportsline, to offer its customers and investors the ability to do more.
GPS Industries, Inc. ("GPSI," the Company), (OTCBB: GPSN) is a global technology solutions provider whose customizable, patent-protected applications in GPS and Wi-Fi software and hardware offer superior return on investment in the vertical markets of golf course management and residential community development.
In the golf industry vertical, the Company's INFOREMER-HD~ GPS System features an integrated Wi-Fi communications network, award-winning cart-mounted display units delivering an enriched on-course playing experience, lucrative advertising opportunities, and a comprehensive suite of club management software applications.
In the residential development vertical market, the Company's WiStream division implements WiFi technology throughout an entire development, creating a community-wide wireless "hot-spot", which supports the Company's array of WiFi amenities: wireless internet connectivity, location tracking devices, wireless security protection, VOIP phones, mobile point-of-sale systems, and a proprietary in-car real estate sales product.
Additionally, the Company has pioneered a global Hole-In-One (Fire At The Flag) program that will be integrated into a PGA Tour sanctioned event and featured on The Golf Channel.
The Company's Fire At The Flag division is a unique international hole-in-one program that culminates with an annual Grand Prize Shootout for $10-Million dollars cash. Fire At The Flag is a turn-key program that provides golf courses with an exciting promotion to drive green fees and tournament sales throughout the year. Golfers opt-in to the program with payment of a ten dollar entry fee and, on a selected par-3 hole, take a shot at a $10,000 cash prize. All $10,000 winners in a calendar year are flown to Naples, Florida to participate in a Ten Million dollar Grand Prize Shootout with Greg Norman during the week-long activities of the Merrill-Lynch Shootout, a PGA Tour sanctioned event.
In the golf industry vertical, the Company's INFOREMER-HD~ GPS System features an integrated Wi-Fi communications network, award-winning cart-mounted display units delivering an enriched on-course playing experience, lucrative advertising opportunities, and a comprehensive suite of club management software applications.
Superior technology for GPS & Wi-Fi applications - GPS Industries, Inc. develops best-of-breed GPS, Differential GPS (DGPS) and Wi-Fi technology solutions. GPSI innovations provide users in vertical markets, such as golf course management and real estate development, powerful competitive advantages that provide significant, multi-faceted and recurring return on investment (ROI). The Company's Wi-Fi applications offer its customers new profit centers in areas ranging from advertising and security monitoring to ISP hosting and wireless phone services.
Strengthening financial profile - With sales for the first half of FY 2007 expected to exceed all of FY 2006 revenues, and with business-building expenses beginning to moderate, GPSI management expects the Company to become cash-flow positive by Q4 2007. As the customer base grows, so does the recurring revenue stream provided by subscription fees, maintenance contracts, advertising and system add-ons or upgrades. Additional growth in new markets, such as the community Wi-Fi network vertical, and by potential acquisitions, offer upside beyond GPSI's traditional sales growth trajectory.
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Rapidly growing adoption in the golf industry vertical - GPSI's installed base of Inforemer-HD systems totaled ___ courses worldwide as of April 17, 2006,
up from ___ courses one year earlier. As of late March, 2007, the installed base has grown to ___ courses and the Company is adding sales professionals and defi ning new territories in the golf industry vertical. This adoption testifi es to the Inforemer system's best-of-breed advantages in sheer technological power, ease of use, adaptability and reliability - both as an amenity for players on the course and as a course management tool whose ROI quickly recoups system installation costs and begins contributing to the bottom line.
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Inforemer-HD as a golf course marketing tool - Golf courses offering GPSI's industry-leading Inforemer-HD™ player interface provides an enhanced golf experience for golfers, who can order refreshments and snacks from their carts, keep track of sports headlines in real time, signal emergencies, enjoy multi-lingual functionalities, electronic scoring and, of course, precise distance measurement information to improve their game and speed pace-of-play.
Inforemer-HD as a course management tool - In either its cart-mounted or hand-held formats, Inforemer-HD delivers a customizable stream of advertising to
the golfer - and a lucrative new revenue stream to the course. It allows the clubhouse to monitor and control all system functions from a central, user-friendly Windows computer interface, optimizing course management, increasing pro shop, restaurant and refreshment sales, improving staff operations, promoting tournament play and more.
First-mover advantage in the community development vertical - Beyond the golf industry vertical, GPSI is expanding Wi-Fi to the community level. This will position the Company as a strategic partner for community developers. It will give new communities the marketing cachet and amenity enhancements of a Wi-Fi infrastructure. Among many other applications, it will allow home sellers to display images and floor plans of homes yet to be built and work with their customers from before groundbreaking through construction. The ambitious Jumeirah Golf Estates development in Dubai is providing a
high-profile proof of principle for this initiative.
Unparalleled depth of management and Advisory Board - All told, GPSI's management team and Board of Directors has decades of overlapping experience
in all the necessary disciplines: management, technology, marketing and golf course operations. PGA Hall of Fame member and GPSI investor Greg Norman heads a Board of Advisors that also includes Jeff Lurie, owner of the Philadelphia Eagles, and Mike Levy, Founder, President and CEO of CBS Sportsline. GPSI's illustrious Board of Advisors brings into the mix a wide range of expertise and connections complementary to those of management.
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GPS Industries Inc. is a business solutions provider that is changing the way people play golf and how golf courses do business. Our signature solution, the Inforemer, has reinvented the application of global positioning (GPS) to the game and the business of golf by enhancing both a golfer's game and a course's profitability like never before.
CNBC Features Inforemer Technology in Prime Time
GPS Industries Secures Community-Wide Contract in Dubai
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