Boomerang Tracking Inc. ranked 18th in the 2004 Canadian Technology Fast 50

Boomerang Tracking Inc. (TSX: BMG) is proud to announce it has ranked in 18th place, in the Deloitte & Touche 2004 Canadian Technology Fast 50 Awards Program. This ranking also places the Company in fourth place among Quebec laureates.

The Deloitte Technology Fast 50 is a prestigious annual award honoring the 50 fastest growing Canadian technology companies, based on percentage revenue growth over a five-year period (1999-2003). This is the only award specifically for technology companies in Canada.

Boomerang Tracking is one of only six Quebec companies that have been ranked as one of Canada�s fastest growing organizations and remains the only Quebec-based company to have achieved a first place ranking (in 2002).

Boomerang Tracking has also recently been honored by a second place ranking in the L�actualit� 2004 �Champions de la croissance� (Champions of Growth), a ranking of the 20 fastest growing companies in Quebec as well as achieving a 16th place ranking in the Profit 100, the definitive ranking of Canada”s best and brightest growth firms.

�The last three years have seen our Company grow into Canada�s premier vehicle tracking solution, and the recognition of the Fast 50 confirms our strong leadership position in the marketplace�, commented Peter Lashchuk, President and CEO of Boomerang Tracking Inc. �As we move forward into new markets, we look forward to maintaining our momentum and commitment to quality�.

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.