DataLogic International Acquires GPS Solution Provider CBSi
15 Septiembre 2005 - 9:00AM
PR Newswire (US)
Offer Completes DataLogic's AVL Solution Through BounceGPS(TM)
IRVINE, Calif., Sept. 15 /PRNewswire-FirstCall/ -- DataLogic
International, Inc., (OTC Bulletin Board: DLGI; Berlin, Frankfurt
Stock Exchange: 779612) a provider of consulting services and
communication solutions including GPS-based mobile asset tracking,
secured mobile communications and VoIP, today announced the
acquisition of the assets of CBSi Holdings, Inc., an Arizona-based,
privately held provider of complete vehicle and mobile asset
tracking solutions for commercial and government customers. Terms
of the acquisition of assets were not disclosed. "We are very
excited to announce the acquisition of CBSi Holdings. Our strategy
for growth includes key, selective acquisitions that provide unique
technologies and complete solutions that reach a broad market. CBSi
and the BounceGPS vehicle and mobile asset tracking solutions
continue that trend," commented Keith Moore, DataLogic
International Chairman and CEO. CBSi Holdings' BounceGPS automatic
vehicle location (AVL) solutions are built on DataLogic's AeA
award-winning Panther Trak(TM) technology and provide complete
collateral protection for auto dealers, secondary lenders and
subprime lenders as well asset utilization for commercial and
government customers. The system is affordable, easy to install and
provides theft protection and location tracking that allows for
fast recovery times of stolen vehicles or vehicles that are subject
to repossession. The system also permits business owners to monitor
the location and use of their mobile assets and provides them with
key performance metrics. The BounceGPS solution is offered through
a unique pricing model, which eliminates recurring monthly airtime
charges typical among competing products. "We believe BounceGPS is
ideally positioned to capture significant market share due to its
competitive pricing, low operating costs, reliability,
user-friendliness and customizable functionality. For customers,
BounceGPS provides a quick ROI by reducing fleet operating costs
through increased asset utilization and improving customer
satisfaction." Mr. Moore continued. CBSi Chairman and CEO Walt
Camping commented, "The combination of the award-winning Panther
Trak(TM) GPS unit with the capabilities and user friendliness of
the BounceGPS application make it a formidable vehicle and mobile
asset tracking solution. We're excited about joining forces with
DataLogic and the additional value it will bring our customers."
Mr. Moore concluded, "We are dedicated to increasing our revenue,
which has grown from $2.1 million in fiscal year 2002 to $10.7
million in 2003 and $14.3 million in 2004. With BounceGPS and
BounceGPS Fleet, we are addressing an overall market for GPS-based
technologies that is forecasted by ABI to exceed $22 billion by
2008, and we are confident that the advantages for customers who
adopt our solutions will win us a fair share of that market and
spur further growth for our company. We anticipate that revenues
from the BounceGPS avl solution will exceed $10,000,000 over the
next 12 months." About CBSi Holdings, Inc. and BounceGPS CBSi
provides BounceGPS a complete vehicle and mobile asset tracking
solution for commercial and government customers. The BounceGPS
system is discreet, customizable and provides fast recovery of
stolen vehicles and those subject to repossession. Asset
utilization services enable business owners to monitor and track
mobile vehicles and drivers. Unique to the BounceGPS system is a
flat rate communication structure that eliminates recurring monthly
airtime charges. Unlike proprietary solutions, BounceGPS uses
standards-based GSM and CDMA digital cellular networks for reliable
communication. Additional information on BounceGPS can be found at
http://www.bouncegps.com/. About DataLogic International, Inc.
DataLogic International, Inc. provides communications solutions and
consulting services to a wide range of U.S. and international
commercial enterprises and governmental agencies. DataLogic
provides complete GPS and location based services to rapidly
growing markets such as vehicle and asset tracking, public safety
and homeland security. The Company offers a cost-effective, fully
integrated tracking system for a wide range of markets. DataLogic
also provides secure mobile communications, VoIP and video
communications solutions as well as Information Technology and
consulting services. For more information about DataLogic
International, please visit http://www.dlgi.com/. This news release
includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, as amended, regarding, among other things,
our plans, strategies and prospects, both business and financial.
Although we believe that our plans, intentions and expectations
reflected in or suggested by these forward-looking statements are
reasonable, we cannot assure you that we will achieve or realize
these plans, intentions or expectations. Forward-looking statements
are inherently subject to risks, uncertainties and assumptions.
Many of the forward-looking statements contained in this news
release may be identified by the use of forward-looking words such
as: believe, expect, anticipate, should, planned, will, may,
intend, estimated, and potential, among others. Important factors
that could cause actual results to differ materially from the
forward-looking statements we make in this news release include
market conditions and those set forth in reports or documents that
we file from time to time with the United States Securities and
Exchange Commission. All forward-looking statements attributable to
DataLogic International or a person acting on its behalf are
expressly qualified in their entirety by this cautionary language.
ISIN: US23804Q1022 Contact Information: Keith C. Moore, Chairman
and CEO DataLogic International, Inc. 949-260-0120, ext. 106 Sean
Collins, Partner CCG Investor Relations and Strategic
Communications 310-477-9800, ext. 202 DATASOURCE: DataLogic
International, Inc. CONTACT: Keith C. Moore, Chairman and CEO of
DataLogic International, Inc., +1-949-260-0120, ext. 106; or Sean
Collins, Partner of CCG Investor Relations and Strategic
Communications, +1-310-477-9800, ext. 202, for DataLogic
International, Inc. Web site: http://www.dlgi.com/
http://www.bouncegps.com/
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