25 stolen vehicles recovered, leading to additional 18 incidental recoveries
2/11/2004 – Boomerang Tracking Inc. (TSX: BMG) started the month of February with over 25 stolen vehicles recovered, representing a total value of almost $2 million. In addition, these 25 tracks led the tracking team to the recovery of two chop shops, leading authorities to some 18 incidental recoveries of both intact and �chopped� vehicles valued at an estimated $200,000.
Two tracking operations were particularly fruitful; a stolen 2001 Volkswagen Golf GTI on February 2 led to a garage in Laval, Quebec where three other recent model-year stolen vehicles, an Audi S4, Volkswagen Golf and Volkswagen Jetta, were uncovered along with pieces from 5 other vehicles. Police made one arrest on the scene.
The reported theft of a 2001 Honda CRV on February 7 led to three more intact incidental recoveries, a Toyota RAV4, Nissan Pathfinder and Volkswagen Passat along with pieces from an estimated 6 other vehicles. Police were able to make 2 arrests.
To date, the Boomerang Tracking System has been instrumental in the recovery of over 3,000 stolen assets valued at some $150 million including incidental recoveries. For more details on the success of Boomerang Tracking Inc., visit www.boomerangtracking.com.
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.