j_r_ewing - Mittwoch, 5. Dezember 2001 - 01:00 |
Was vielleicht auch eine ganz nette Sache werden könnte : Boomerang Tracking Inc (Toronto:BMG.TO) Die Firma baut GSM-gestützte Ortungsgeräte ("Boomerang") für Fahrzeuge, die im Falle eines Diebstahls das Fahrzeug schnell orten / wieder auffinden lassen. "Boomerang 2" meldet sich sogar bei unbefugter Benutzung des Fahrzeugs von alleine. Solange Autos geklaut werden, sollte hierfür ein Markt da sein. Konkurrez könnte allerdings von verbesserten Wegfahrsperren kommen. Die Firma ist noch jung und bringt gewinnmäßig noch nichts; also eine spekulative Sache ! Immerhin wird eine schwarze Null geschrieben. Kurzfristig könnte der Auto-Boom unvorhergesehene windfall profits bringen. Und positive Gewinn-Überraschungen sind ja besonders in diesen Zeiten sehr populär ! Chart: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=CA%3ABMG&sid=404449&o_symb=CA%3ABMG&freq=2&time=20 hp: http://www.boomerangtracking.com ---------------------------------- http://biz.yahoo.com/em/010924/yfhnqscpd6fsd4ru4xurpa_1.html Monday September 24, 8:28 SOURCE: Boomerang Tracking Inc. Boomerang Develops Tracking System Using GSM Platform Providing Instant Theft Notification Montreal, Quebec Boomerang Tracking Inc. (TSE:BMG - news), Canada's leading provider of asset protection and recovery technology, today announced it has developed a Boomerang Tracking device operating on GSM (Global System for Mobile Communications) networks. ``We developed this unique proprietary technology in order to provide tracking services using the GSM platform, the most widely deployed wireless communications network,'' says Andre Boulay, Vice President, Technology of Boomerang Tracking Inc. ``This new GSM-based Boomerang will also provide instant theft notification and lead to a variety of telematic features.'' There are over 560 million GSM subscribers in the world today. This system accounts for over 70% of the world's digital market and almost 66% of the world's wireless market. With the vast coverage offered by the GSM network, this Boomerang provides the Company potential entry into markets on all continents. The Boomerang is a device that can be hidden in vehicles, marine craft or heavy equipment machinery. To date, the company has recovered over 1,150 vehicles and heavy equipment, totalling more than $59 Million CDN. About Boomerang Tracking Inc. Boomerang Tracking Inc. assembles, markets and distributes the Boomerang(r), a proprietary product using technology patented by the Company. Its head office, research and development, production and corporate installation facilities are located in Montreal, Quebec. The Boomerang is also installed through a network of authorized dealers located throughout the provinces of Quebec, Ontario and British Columbia. The Boomerang is the central device in a cellular-based asset tracking system, capable of locating stolen automobiles, heavy equipment and valuable objects utilizing the cellular systems of major regional telecommunications companies. The Company's proven recovery record has received endorsement by members of the insurance industry. Boomerang is a registered trademark of Boomerang Tracking Inc. The shares of Boomerang Tracking Inc. are currently being traded on the Toronto Stock Exchange under the symbol BMG. This press release may contain forward-looking statements, which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors. Investors should consult the Company's ongoing quarterly filings, annual reports and proxy solicitation filings for additional information on the risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements and the Company disclaims any obligation to update them. No regulatory authority has approved or disapproved of the information contained herein. For more Information: Linda Farha Director of Marketing, Communications & Investor Relations 514.234.8722 or toll free at 1.877.777.8722 extension 311 lfarha@boomerangtracking.com www.boomerangtracking.com ------------------------------------------------------- http://biz.yahoo.com/em/011018/yytpwpc6uxj8ye9_micpdw_1.html Thursday October 18, 11:00 SOURCE: Boomerang Tracking Inc. Boomerang Launches Second-Generation Device Providing Instant-Theft Notification Services Toronto, Ontario An agreement with wireless service provider Bell Mobility provides the platform for deployment. Many zealous reporters and members of the insurance industry today experienced the live tracking of a stolen car. This adrenaline- boosting chase was plotted by Boomerang Tracking Inc. (TSE:BMG - news), Canada's leading provider of asset protection and recovery technology, who was introducing a second-generation Boomerang - the Boomerang2®. This latest development is possible through Boomerang's service agreement with Bell Mobility, Canada's leading wireless provider. ``Boomerang2 has been developed to offer instant response to a theft'', says Andre Boulay, Vice-President, Technology and co-founder of Boomerang Tracking Inc. ``This second generation Boomerang will immediately send a signal to our trackers of any unauthorized movement of a vehicle and will consequently reduce dramatically the response time of our in-house tracking teams. In fact, Boomerang will now know that a vehicle is stolen before the owner is actually made aware. This is why we have coined this new Boomerang the intelligent vehicle recovery system. As we roll out Boomerang2, we will offer additional telematic services to our customers beyond vehicle tracking. Boomerang2 is a proprietary device that will only be installed in passenger vehicles and trucks in the first phase of its launch. The owners will be given two transponders for each of their vehicle's keys. If the vehicle is moved without the transponder, Boomerang2 will send a theft signal identifying itself to the Boomerang Tracking team. Immediate steps will then be taken to recover the stolen vehicle. Boomerang2 can locate assets wherever they may be, including those underground or inside a metal container, within one foot of their location using Boomerang's own in-house tracking team. ``The original Boomerang Tracking System boasts a 95% recovery rate and we have been able to maintain this high level of success as the Company continues to grow exponentially. The 5% of unrecovered vehicles is primarily due to the fact that owners of Boomerangs must notify our central should their vehicle be stolen, therefore providing thieves with a head start. It is also the consequence of customer fraud, a problem that insurers are continuously contending with,'' says Peter Lashchuk, President and CEO of the Company. ``We expect that Boomerang2 will provide a solution to increase our rate of success as we will be able to respond immediately to theft. Business travelers and individuals who leave their vehicles parked in public areas for extended periods of time can now rest assured as they know their property is well protected even when they are away.'' The Boomerang Tracking System is supported in Canada by police and law enforcement representatives and by over 30 insurance companies which, in most cases, either mandate or recommend the installation of the Boomerang tracking device in high-end and high-risk vehicles and equipment, and provide discounts for its installation. To date, the Company has enabled the recovery of over 1,250 vehicles and units of heavy equipment, estimated at a total value of more than CDN $62 million. Boomerang2 will be sold through authorized and certified dealers in Ontario and Quebec. All activations will be done through the Company's new e-commerce activation platform which allow authorized retailers to process new orders at the point of sale. About Boomerang Tracking Inc. Boomerang Tracking Inc. assembles, markets and distributes the Boomerang® tracking device, a proprietary product using technology patented by the Company. Its head office, research and development, production and corporate installation facilities are located in Montreal, Quebec. The Boomerang tracking device is also installed through a network of authorized dealers located throughout the provinces of Quebec, Ontario and British Columbia. The Boomerang is the central device in a cellular-based asset tracking system, capable of locating stolen automobiles, heavy equipment and valuable objects utilizing the cellular systems of major regional telecommunications companies. Boomerang is a registered trademark of Boomerang Tracking Inc. The shares of Boomerang Tracking Inc. are currently being traded on the Toronto Stock Exchange under the symbol BMG. This press release may contain forward-looking statements, which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors. Investors should consult the Company's ongoing quarterly filings, annual reports and proxy solicitation filings for additional information on the risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements and the Company disclaims any obligation to update them. No regulatory authority has approved or disapproved of the information contained herein. For more Information: Linda Farha Director of Marketing, Communications & Investor Relations 514.234.8722 or toll free at 1.877.777.8722 extension 311 lfarha@boomerangtracking.com www.boomerangtracking.com ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ http://biz.yahoo.com/em/010926/9mjjbuqhoe_rvqfalbhtcq_1.html Wednesday September 26, 7:30 SOURCE: Boomerang Tracking Inc. Boomerang Reports Record First Quarter Results Montreal, Quebec The Company is now poised for entry in the U.S. * REVENUES UP 69% TO $4.1 MILLION * NET EARNINGS UP 31% TO $0.6 MILLION * EPS UP 29% TO $0.027 * OVER 69,000 BOOMERANG® UNITS ACTIVATED TO DATE Boomerang Tracking Inc. (TSE: BMG - news) recorded revenues of $4.1 million for the first quarter ended July 31, 2001, representing an increase of 69% compared to revenues of $2.4 million for the same quarter in the previous year. First quarter net earnings grew to $0.6 million from net earnings of $0.4 million for the same quarter in the previous year. New activations of Boomerang units rose by 47% in the first quarter to 11,763 from 7,983 in the comparable period of the previous fiscal year. Earnings per share increased by 29% to $0.027 for the quarter ended July 31, 2001 from $0.021 for the same quarter in the previous year. ``This quarter marks record revenues and activations for Boomerang'', said Peter Lashchuk, President and Chief Executive Officer of the Company. ``This growth is attributable to the substantial increase in the Company's subscriber base as well as Boomerang's commitment to meet customer needs through strong marketing initiatives. In addition, the Boomerang device, with a 95% recovery rate, offers a unique solution to a real problem unmatched by other device in the marketplace today.'' ``As announced on September 24, the Company has developed a new Boomerang device operating on GSM (Global System for Mobile Communications) networks in order to provide instant theft notification services using this platform. We are extremely pleased with this progress as it provides Boomerang access to the most widely deployed wireless communication networks'', continued Mr. Lashchuk. As a first measure, Boomerang has signed an agreement with Cingular Wireless LLC, the second largest wireless carrier in the U.S providing Boomerang access to the largest market for asset tracking in the world. With the vast coverage offered by the GSM network, Boomerang is now poised for international expansion. ``As a first step towards entry into the U.S., Boomerang continues to achieve growth while controlling operating costs and investing more in key areas of the Company, namely in customer service, sales and marketing, information technology and research and development'', said Jacques Deforges, Vice President and Chief Financial Officer. ``As the Company's subscriber base grows, an increasing proportion of the Company's revenues are derived from monitoring fees, providing a more stable flow of recurring revenues than that derived from product sales. This factor, coupled with limited capital expenditure requirements for growth, is what makes Boomerang's business model solid and sustainable as the Company expands geographically.'' The Boomerang device can be hidden in vehicles, marine craft or heavy equipment machinery. To date, the company has recovered over 1,150 vehicles and heavy equipment, totalling more than $59 million. Progress in Ontario With the Canadian auto theft epidemic on the rise, and with Ontario being the largest province in Canada, theft is a real concern in this province. Ontario now experiences the highest rate of theft with almost six vehicles stolen every hour. The Company has recently appointed Serge Laporte as Vice-President Sales and Marketing to spearhead activities in this market and will be hiring key individuals to develop new channels of distribution. A media campaign geared towards the individual consumer and businessperson was recently launched to create brand awareness. Boomerang currently has agreements with 14 insurance companies providing discounts on insurance premiums and, in some cases, on deductibles to owners of certain vehicle types. Financial Highlights Statement of Earnings (Thousands of dollars except earnings per share information) (Unaudited) For the three months ended July 31 2001 2000 Change ------------------------------- Revenues $ 4,068 $ 2,412 69 % Earnings before income taxes 942 728 29 % ------------------------------- Net Earnings $ 593 $ 451 31 % ------------------------------- Net Earnings Per Share Basic $ 0.027 $ 0.021 29 % Diluted $ 0.026 $ 0.020 30 % Weighted Average Number of Shares Outstanding Basic 22,242,277 22,000,000 1 % Diluted 22,447,498 22,192,188 - 1 % About Boomerang Tracking Inc. Boomerang Tracking Inc. assembles, markets and distributes the Boomerang®, a proprietary product using technology patented by the Company. Its head office, research and development, production and corporate installation facilities are located in Montreal, Quebec. The Boomerang is also installed through a network of authorized dealers located throughout the provinces of Quebec, Ontario and British Columbia. The Boomerang is the central device in a cellular-based asset tracking system, capable of locating stolen automobiles, heavy equipment and valuable objects utilizing the cellular systems of major regional telecommunications companies. The Company's proven recovery record has received endorsement by members of the insurance industry. Boomerang is a registered trademark of Boomerang Tracking Inc. The shares of Boomerang Tracking Inc. are currently being traded on the Toronto Stock Exchange under the symbol BMG. This press release may contain forward-looking statements, which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors. Investors should consult the Company's ongoing quarterly filings, annual reports and proxy solicitation filings for additional information on the risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements and the Company disclaims any obligation to update them. No regulatory authority has approved or disapproved of the information contained herein. For more Information: Jacques Deforges Vice President and Chief Financial Officer 514.234.8722 or toll free at 1.877.777.8722 extension 486 jdeforges@boomerangtracking.com Linda Farha Director of Marketing, Communications & Investor Relations 514.234.8722 or toll free at 1.877.777.8722 extension 311 lfarha@boomerangtracking.com www.boomerangtracking.com Balance Sheet (Thousands of dollars) As at As at July 31, April 30, Assets 2001 2001 (Unaudited) (Audited) ----------------------------------------------------- Current Cash and cash equivalents $ 1,635 $ 1,307 Short-term investments 2,464 2,464 Accounts receivable 4,170 3,365 Inventories 1,622 1,594 Prepaid expenses 69 63 Future income taxes 53 69 ----------------------------------------------------- 10,013 8,862 Fixed Assets 1,450 1,112 (Net of accumulated amortization of: July 31 2001: $350; April 30, 2001: $265) Patents and Trademarks (Net of accumulated amortization of: July 31 2001: $71; April 30 2001: $58) 169 149 Future Income Taxes 38 46 ----------------------------------------------------- $ 11,670 $ 10,169 ===================================================== Liabilities Current Accounts payable and accrued liabilities $ 1,837 $ 1,638 Income taxes payable 210 618 Deferred revenue 5,021 4,249 ----------------------------------------------------- 7,068 6,505 Deferred Revenue 1,001 889 Future Income Taxes 119 119 ----------------------------------------------------- 8,188 7,513 ----------------------------------------------------- Shareholders' Equity Capital stock 786 553 Retained earnings 2,696 2,103 ----------------------------------------------------- 3,482 2,656 ----------------------------------------------------- $ 11,670 $ 10,169 ===================================================== Statement of Retained Earnings (Thousands of dollars) (Unaudited) For the three months ended July 31 2001 2000 ---------------------------------------------------- Balance - Beginning of Period $ 2,103 $ 128 Net earnings 593 451 ---------------------------------------------------- Balance - End of Period $ 2,696 $ 579 ---------------------------------------------------- Statement of Earnings (Thousands of dollars except earnings per share information) (Unaudited) For the three months ended July 31 2001 2000 ---------------------------------------------------- Revenues Product sales $ 2,097 $ 1,796 Monitoring 1,836 510 Other 135 106 ---------------------------------------------------- 4,068 2,412 ---------------------------------------------------- Expenses 2,913 1,634 Except the following - Amortization 98 24 Interest (10) 1 Research and development 125 25 ---------------------------------------------------- 3,126 1,684 ---------------------------------------------------- Earnings Before Income Taxes 942 728 Income taxes 349 277 ---------------------------------------------------- Net Earnings $ 593 $ 451 ==================================================== Net Earnings Per Share Basic $ 0.027 $ 0.021 Diluted $ 0.026 $ 0.020 Weighted Average Number of Shares Outstanding Basic 22,242,277 22,000,000 Diluted 22,447,498 22,192,188 ==================================================== Statement of Cash Flows (Thousands of dollars) (Unaudited) For the three months ended July 31 2001 2000 ----------------------------------------------------- Funds Provided (Used) - Operating Activities Net earnings $ 593 $ 451 Amortization 98 24 Future income taxes 24 (17) ----------------------------------------------------- 715 458 Changes in non-cash operating elements of working capital (1,048) (1,355) ----------------------------------------------------- (333) (897) ----------------------------------------------------- Financing Activities Deferred revenue 884 963 Issuance of class "A" shares 233 - ----------------------------------------------------- 1,117 963 ----------------------------------------------------- Investing Activities Additions to fixed assets (423) (48) Additions to patents and trademarks (33) (12) ----------------------------------------------------- (456) (60) ----------------------------------------------------- Increase in Cash and Cash Equivalents 328 6 Cash and Cash Equivalents Beginning of period 1,307 791 ----------------------------------------------------- End of period $ 1,635 $ 797 ----------------------------------------------------- Notes to interim Financial Statements: (1) These unaudited interim financial statements have been prepared in accordance with Canadian generally accepted accounting principles, using the same accounting policies and methods of computation as were used for the financial statements for the year ended April 30, 2001. These unaudited interim financial statements do not include all the disclosures required by Canadian generally accepted accounting principles in annual financial statements and accordingly, should be read in conjunction with the Financial Statements for the year ended April 30, 2001. (2) Revenues The Company derives revenues from the sale of vehicle tracking systems, presented as ``Product sales'', system access fees and monitoring contracts, presented as ``Monitoring'', and ``Other'' revenues such as tracking services. (3) Comparatives Figures Certain reclassifications of the comparative amounts presented have been made to facilitate comparison with the current period. SUPPLEMENTARY INFORMATION New Boomerang units installed and activated Fiscal 2002 ---------------------------------------------------- For the three months ended Quarterly Cumulative ---------------------------------------------------- July 31 11,763 69,672 Total 11,763 Fiscal 2001 ---------------------------------------------------- For the three months ended Quarterly Cumulative ---------------------------------------------------- July 31 7,983 26,828 October 31 9,908 36,736 January 31 10,769 47,505 April 30 10,404 57,909 Total 39,064 Fiscal 2000 ---------------------------------------------------- For the three months ended Quarterly Cumulative ---------------------------------------------------- July 31 1,850 6,832 October 31 2,160 8,992 January 31 4,080 13,072 April 30 5,773 18,845 Total 13,863 Fiscal 1999 ---------------------------------------------------- For the three months ended Quarterly Cumulative ---------------------------------------------------- July 31 710 1,947 October 31 813 2,760 January 31 772 3,532 April 30 1,450 4,982 Total 3,74 5 SOURCE: Boomerang Tracking Inc. |