GPS Industries Conquers the Chinese Golf Market With Premiere Installation14 December 2005
GPS Industries Inc. (OTC BB: GPSN), a leading
innovator of Wi-Fi and GPS-enabled multimedia communications and management
solutions for golf facilities, resorts, sporting events and residential
communities is pleased to announce that the company has completed a deal
worth over half a million dollars with one of China's best new golf
courses, Suzhou Jinji Lake International Golf Club. This is the company's
first installation in China.
Located two hours west of Shanghai and fifteen minutes from the ancient
garden city of Suzhou, the new private members golf club has 27 holes
designed around three concepts: Forest, Wetlands and Links.
This sale gives GPS Industries a high-profile signature course in China,
where they will provide 200 of their Inforemer units, both cart mounted and
handheld, along with a full suite of management software, Wi-Fi, and
tournament software.
"We are very excited to be using the Inforemer system at a golf club that
promises to be one of the most modern and most exclusive golf clubs in all
of China," says John Blanch, of International Management Group (IMG), the
golf course management company operating the Jinji Lakes International Golf
Club. "We have looked at all the different GPS systems and feel this one
is most suited for a course with multiple languages, and we especially like
the capability of displaying distance in both yards and meters. Along with
our state of the art 10,000 sq. meter clubhouse, this state of the art GPS
system insures that our members are receiving the most advanced golfing
technology and service available today."
Comments Robert Silzer, Sr., CEO and President of GPS Industries: "We have
been seeking to broaden our base and firmly establish our products in the
Asian market. Our Chinese company representative has met with many golf
courses in the region and feels that the Jinji Lakes golf club represents a
perfect high-profile introduction to the Chinese market. We feel confident
this is just the beginning, and as the Chinese fully embrace golf, they
will also embrace our technology. We are currently forecasting that our
GPS products and course management systems will begin to quickly spread
throughout China and the rest of Asia in the near term."
China is now seeing the fastest growth in the golf industry in all of Asia.
With the Chinese economy growing by double digits yearly, a new Chinese
middle and upper-middle class is discovering the sport of golf.
Construction is underway in China for a new nationwide golf infrastructure,
and Western companies are currently rushing to become part of this Chinese
golfing boom.
Adds Silzer: "The last few months have shown a rapid advance in both
product sales and the development of new revenue streams. We are very
happy to establish our GPS system in China, where we hope to build a
complete market dominance. We are also looking forward to continuing our
advance into the Asian market, as we are gearing up for and preparing for
triple digit growth worldwide in the year to come."
GPS Industries, Inc.
GPS Industries, Inc. (GPSI) develops and markets GPS and Wi-Fi wireless
multimedia solutions to enable managers of golf facilities, resorts,
sporting events, and residential communities worldwide to generate
significant new revenue streams and improve operational efficiencies. The
company's unique and patented Inforemer™ 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. 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.
Contact:
Bernadine Plavcic
Director, Marketing & Communications, GPS Industries
604.576.7442 ext 136
bernadine@gpsindustries.com
Ryan Gray
Investor Relations
310.276.6743
ryan@gpsindustries.com
SOURCE: GPS Industries, Inc.
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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