Boomerang Tracking Inc. Ranked as Finalist in the 2003 Canadian Technology Fast 50

8/14/2003

Boomerang Tracking Inc. (TSX: BMG) is proud to announce it has once again ranked as a finalist in Deloitte & Touche”s Canadian Technology Fast 50 awards program.

The annual Fast 50 program recognizes Canada”s fastest growing technology companies, both public and private, from all technology sectors including software, life sciences, Internet communications/networking, semiconductors and computer peripherals. The annual program ranks the 50 fastest-growing technology companies based on the highest rates of revenue growth during the last five years (1998-2002).

According to Peter Lashchuk, Boomerang Tracking”s President and CEO, “This nomination underlines our success-driven approach. It is thanks to the dedication and commitment of each and every person at Boomerang Tracking that has led us to this impressive industry recognition,” he remarked.

Boomerang Tracking was ranked No. 1 in the 2002 Fast 50 Awards Program, becoming the first Quebec-based company to achieve this prestigious position.

On October 2, Deloitte & Touche will announce Boomerang Tracking”s numerical ranking amongst the Fast 50 winners publicly. “We all continue to take pride in our collective
success and are honored to be counted once again amongst Canada”s elite in the technology sector,” concluded Mr. Lashchuk.

About Deloitte & Touche

Deloitte & Touche (www.deloitte.ca) is Canada”s leading professional services firms, providing a full range of assurance and advisory, financial advisory, tax and consulting services through more than 6,600 people in more than 46 locations across the country. We are dedicated to helping our clients and our people excel. Deloitte & Touche is part of Deloitte Touche Tohmatsu, a global leader in professional services with more than 119,000 people in over 140 countries.

Boomerang Tracking Inc. markets and distributes the Boomerang® tracking devices, proprietary products using technology patented by the Company. The Boomerang, Boomerang2™ and GSM-based units are the central devices in a system that uses the wireless networks of major regional telecommunications companies for tracking stolen assets. The Boomerang Tracking System is capable of locating stolen automobiles, heavy equipment and valuable assets. As a result of its success, the Company has received the endorsement of members of the insurance industry. The Boomerang devices are available and installed through a network of authorized dealers in Quebec and Ontario. The Company’s head office, research and development centre and manufacturing facilities are located in Montreal, Quebec, with regional facilities located in Mississauga, Ontario and Orange County, California. Boomerang is a registered trademark and Boomerang2 is a trademark of Boomerang Tracking Inc. The shares of Boomerang Tracking Inc. trade on The Toronto Stock Exchange under the symbol BMG.