NEW YORK, July 21, 2005 (PRIMEZONE) -- GPS Industries Inc. (OTCBB:GPSN), a leading innovator of Wi-Fi Wireless and GPS-enabled multimedia communications and management solutions for golf facilities, resorts, sporting events and residential communities, announces that an independent research report on GPSI has been published by Cohen Independent Research Group, a registered investment advisor.
Today the Cohen Independent Research Group, an outside research consulting firm, published a favorable economic forecast and company profile for GPS Industries, Inc. Cohen Independent Research Group (CIRG) is a registered investment advisor that distributes contracted third party independent research from outside securities analysts. The research report was contracted for one year's coverage by BlueCar Partners, for due diligence purposes and provided to GPSI.
For more information on these latest findings and full report, visit the firm' s website: http://www.cohenresearch.com/reports/gpsn_07-20-05.pdf
About 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 owns the GPS golf patents for all major golf markets worldwide, including North America, Australia, Japan and 11 European nations. Legendary professional golfer, Greg Norman, is a member of GPSI's advisory board. For additional information on GPSI and its solutions, please visit http://www.gpsindustries.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: The Company's ability to raise finance; global and market conditions within the golf industry; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Other brands and names contained in this release are the property of their respective owners.