GPS Industries Outlines Industry Leading GPS and Wi-Fi Products for Golf and Location-Based Marketplaces to Investment Professionals.

SARASOTA, Fla. -- Recaps $3 Million Financing from Golf Icon Greg Norman, Purchase of Key GPS Patents, at So. Calif. Investment Assn. Conference

GPS Industries Inc. (OTCBB:GPSN)(Frankfurt WKN#:252179), a leading innovator of Wi-Fi wireless and GPS-enabled multimedia communications and management solutions for golf facilities, resorts, sporting events and residential communities, presented the Company's products and strategy at Saturday's Southern California Investment Association (SCIA) Conference, in Newport Beach, California.

Blake Ponuick, GPSI's Vice President of Sales and Marketing, presented an overview of the Company's proprietary line of Global Positioning System (GPS) and wireless-fidelity (Wi-Fi) enabled products. Some highlights of Mr. Ponuick's presentation included:

--A $3 million financing received from Great White Shark Enterprises, Inc., headed by legendary professional golfer and successful international businessman, Greg Norman. Mr. Norman joined GPSI's Board of Directors two years ago and is an active spokesman for the Company. Great White Shark Enterprises is a leading force in many areas of the worldwide golf industry, including course design, and the development of golf-based residential communities, and has already begun to provide meaningful business synergies with GPSI's products. Further details of the Great White Shark investment can be found in the Company's Dec. 3 news release, available on the GPSI website at www.gpsindustries.com/news.asp ;

--Recent purchase of key GPS golf patents for North America. With this purchase, GPSI now owns the patents to GPS for golf in all major golf markets worldwide, including Japan, Australia and 11 European nations. This purchase removes competitive market barriers and creates a significant competitive edge for GPSI, while providing a significant new revenue source through licensing fees, with material revenue already being generated;

--Significant worldwide marketplace momentum with the recent expansion of the Company to Europe, new distributorships in Australasia and golf facility installations and new sales throughout North America;

--Potential of GPSI's applications to golf residential communities and leveraging the technology to markets beyond golf, including security applications, spectator sports such as automotive racing, stadium sporting events and other location-based applications.

GPSI's family of Inforemer(TM) products combines GPS and Wi-Fi communications to transform GPS from a distance-measuring tool to a key business solution and revenue generator for golf facilities, resorts, major spectator sports and residential communities worldwide.

GPSI's solutions employ a complete Wi-Fi network infrastructure with either cart-mounted or handheld high-resolution mobile display units. The systems provide a range of backend facilities-management communication tools, revenue-generating advertising, as well as innovative multimedia and communication services for customers, such as golf shot distance measurement and course information.

"Our products are helping golf courses improve their businesses and they help golfers improve their games. Essentially, we can turn any golf course into a large, wireless hot-spot, with proprietary GPS-enabled features, as well as next-generation communications and multimedia computing services," said Mr. Ponuick. "Now we are leveraging our core expertise in golf-industry products to enter other markets, such as major spectator sports and residential communities."

Golf-based residential communities are a fast-growing segment of the golf industry, estimated at $38 billion worldwide, Mr. Ponuick told attendees at the SCIA meeting.

Through a national alliance of more than 150 firms and investment professionals, the SCIA's bi-monthly conferences typically showcase emerging publicly-held firms. The forums bring together NASD member firms and a wide variety of members of the investment community, including investment analysts, bankers, capital formation professionals and others.

GPS Industries already has a presence in every major golf market worldwide with offices in the United States, Canada and the United Kingdom, and distributors covering Australasia, North America and South Africa. GPS Industries' flagship product, Inforemer(TM), is already installed at top golf facilities worldwide.

About the Southern California Investment Association

SCIA was founded to facilitate stock support and capital formation for select companies. Based in Newport Beach, California, the organization is a national alliance of more than 150 NASD member firms, investment bankers, investment advisors, analysts, capital formation services, investor relations, industry consultants, securities attorneys, media and accredited investors. The organization's goal is to assist its member network and to build exposure and support for small-to-medium listed and emerging-growth companies by providing a bimonthly forum. SCIA's forums showcase cutting-edge national and international presenting companies. For more information on the SCIA or its conferences, visit www.sciaonline.org.

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's Board of Directors includes legendary golfer and businessman Greg Norman. For additional information on GPSI and its solutions, please visit 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.