Updated Cohen Research Group Gives GPSN Positive Review
VANCOUVER, BC -/October 03, 2005 - Wi-Fi Technology News/- GPS Industries Inc. (OTC BB: GPSN) (Frankfurt WKN#:252179), golf's worldwide patent holder for GPS technology and a leading hardware and software innovator and developer of the USGA and the R&A-approved next-generation golf course GPS systems, and already named the "Technology Product of the Year 2004" by the golfing industry's Association of Private Club Directors and Boardroom Magazine, has been upgraded by the Wall Street's #1 independent research firm.
The Cohen Independent Research Group rates GPSN a "Buy," with a long-term target price of $1.10 to $1.30. The updated report can be seen at
http://www.cohenresearch.com.
"We have positioned this company for explosive growth," says GPSN CEO Robert Silzer Sr.. "From our carefully selected management team and board of directors, that is made up of industry leaders, top golfing professionals, and is informed by a combined wisdom of over 200 years in the golfing industry, to our partnership with legendary golfer Greg Norman's Great White Shark Enterprises and CBS Sportsline, to our recently installed business solution software from Microsoft partner Tectura using its new Microsoft Great Plains ERP software system. We have everything in place.
GPSN provides total business solutions for golf courses, with award-winning GPS hardware, software and the ability to create wireless Wi-Fi Internet hotspots covering entire residential developments surrounding resort-style golfing communities. "We are a one-stop GPS system and Wi-Fi business solution," says Silzer. "Our hardware, our software and our patents position us to become the worldwide leader in this new technology. The future of golf is GPS systems, and we are creating that future one golf course at a time."
GPS Industries, Inc.
GPS Industries, Inc. (GPSI) develops and markets GPS and Wi-Fi wireless multimedia solutions to enable managers of golf facilities, resorts, sporting events, and residential communities worldwide to generate significant new revenue streams and improve operational efficiencies. The company's unique and patented Inforemer(TM) product line provides a complete GPS golf business solution, combining a powerful backend management information system and revenue-generating modules with mobile color handheld or cart-mounted Differential GPS units, seamlessly connected via a wireless, high-speed Wi-Fi network.
GPSI's Board of Directors includes legendary golfer and businessman Greg Norman. For additional information on GPSI and its solutions, please visit
http://www.gpsindustries.com.
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