GPS Industries Inc. (OTCBB:GPSN) (Frankfurt WKN#:252179) a leading innovator of Wi-Fi wireless and GPS-enabled multimedia communications and management solutions for golf facilities, resorts, sporting events and residential communities, announces it will present at the Southern California Investment Association (SCIA) Conference December 4, 2004 in Newport Beach, California.
Mr. Blake Ponuick, GPSI's Vice President of Sales and Marketing, will present the Company's recent activities, achievements and prospects in the worldwide GPS golf marketplace.
With a national alliance of more than 150 firms and investment professionals, the SCIA's bi-monthly conferences typically showcase emerging publicly-held firms. The forums bring together NASD member firms and a wide variety of members of the investment community, including investment analysts, bankers, capital formation professionals and others.
"We are pleased to have the opportunity to tell the Southern California Investment Association and the investment community at large about GPS Industries' recent successes," comments Robert Silzer, Sr., President and CEO of GPSI. "We look forward to educating attendees on how GPS Industries, with its unique technology and intellectual property rights, is strategically and competitively positioned to succeed in the high-growth $38 billion-dollar golf market."
Earlier this week, GPSI announced the purchase of the GPS golf patents for North America. With this purchase, GPSI now owns the patents to GPS for golf in all major golf markets worldwide, including Japan, Australia and 11 European nations. This purchase removes competitive market barriers, and represents a significant new revenue source through licensing fees, with material revenue already being generated.
GPS Industries already has a presence in every major golf market worldwide with offices in the United States, Canada and the United Kingdom, and distributors covering Australasia, North America and South Africa. GPS Industries' flagship product, Inforemer(TM), is already installed at top golf courses worldwide.
About the Southern California Investment Association
SCIA was founded to facilitate stock support and capital formation for select companies. Based in Newport Beach, California, the organization is a national alliance of more than 150 NASD member firms, investment bankers, investment advisors, analysts, capital formation services, investor relations, industry consultants, securities attorneys, media and accredited investors. The organization's goal is to assist its member network and to build exposure and support for small-to-medium listed and emerging-growth companies by providing a bimonthly forum. SCIA's forums showcase cutting-edge national and international presenting companies. For more information on the SCIA or its conferences, visit www.sciaonline.org.
About GPS Industries Inc.
GPS Industries Inc. (GPSI) develops and markets GPS and Wi-Fi wireless multimedia solutions to enable managers of resorts, sporting events, golf facilities and residential communities worldwide to generate significant new revenue streams and improve operational efficiencies. The company's unique and patented Inforemer(TM) product line provides a complete GPS golf business solution, combining a powerful backend management information system and revenue generating modules with mobile color handheld or cart-mounted Differential GPS units, seamlessly connected via a wireless, high-speed Wi-Fi network. GPSI's Board of Directors includes legendary golfer and businessman Greg Norman. For additional information on GPSI and its solutions, please visit www.gpsindustries.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: The Company's ability to raise finance; global and market conditions within the golf industry; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Other brands and names contained in this release are the property of their respective owners.