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GPS Industries Secures $16.5 Million Annual Contract Through Global Golf Advisors, Formerly KPMG Golf Industry Practice.


5-Year Pact with Prestigious Firm Worth a Minimum $82.5 Million, with Additional Upside Potential Upside potential

The amount by which analysts or investors expect the price of a security may increase.


upside potential

The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar
 for GPSI GPSI Graphics Processor Software Interface
GPSI Global Positioning System Inertial
GPSI Generic Pharmaceutical Services, Inc. (Hauppauge, NY)
GPSI Group Policy Software Installation
GPSI General Purpose Serial Interface
 

VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography
 -- GPS Industries, Inc. (GPSI) (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:GPSN), the leading innovator of Wi-Fi enabled GPS systems for golf facilities, resorts and residential communities, today announced the signing of a multi-course installation agreement for its patented Inforemer-HD[TM] golf management system through an affiliate of prestigious management and consultancy firm Global Golf Advisors, formerly a division of international accounting firm KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm)
KPMG Kaiser Permanente Medical Group
KPMG Keiner Prüft Mehr Genau (German)
KPMG Kommen Prüfen Meckern Gehen
.

Under terms of the agreement, GPS Industries will complete Inforemer-HD[TM] installations worth an estimated minimum of US$16.5 million annually, for a period of five years. This figure does not include significant additional revenues to GPSI from advertising programs, implementation of the Company's Fire At The Flag $10-Million hole-in-one program and sale of its WiStream brand of Wi-Fi products.

Stephen Johnston, CA, MBA MBA
abbr.
Master of Business Administration

Noun 1. MBA - a master's degree in business
Master in Business, Master in Business Administration
, President and Principal founder of Global Golf Advisors, commented: "Having sorted through the claims and costs of a wide range of technologies, we believe that finally there is a product that meets a 'needs' analysis and not just a 'wants' discussion with golf course owners. That is because the Inforemer-HD system integrates a full suite of management tools that improves accountability, optimizes operations, enhances marketing, and generates new revenue streams. The Inforemer system and all other GPSI products will produce positive return on investment for the golf course at a price that has never been seen before in this industry. That's why we are so excited about this relationship. We will be enabling golf course owners to determine a direct financial benefit at the time of signing the contract and it will improve their competitive advantage in the marketplace." Mr. Johnston created the KPMG Golf Practice in 1992. He has been a respected speaker at numerous golf conferences, sits on a number of Boards related to improving the business component of golf, and is Canada's King of Aces, with 49 holes in one to date.

"Global Golf Advisors has established an impeccable reputation around the world," said GPSI President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Robert Silzer, Sr. "Knowing they thoroughly scrutinized all available options in the market and chose our patented technology makes this one of the most gratifying grat·i·fy  
tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies
1. To please or satisfy: His achievement gratified his father. See Synonyms at please.

2.
 endorsements we could ever receive. This is powerful evidence that our Inforemer-HD solution enhances both the game and the business of golf."

About Global Golf Advisors (GGA GGA Generalized Gradient Approximation
GGA Good Game All
ggA Geschützte Geographische Angabe (German: Protected Geographical Indication)
GGA Global Gecko Association
GGA Georgia Geocachers Association
)

Global Golf Advisors, Inc. has provided professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products.  to owners and operators of more than 1,900 golf courses worldwide. A division spin-off of powerhouse KPMG, the company was known before January 1, 2006 as KPMG Golf Industry Practice, and continues on with the same management and clientele. From business plans and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people.  and consulting, to on-site monitoring of construction, the company works to help both established golf clubs and new golf developments maximize profits and upgrade to state of the art systems that exploit the economic realities and new technologies in the 21st-century golf marketplace.

About GPS Industries (GPSI)

GPS Industries, Inc. (OTCBB:GPSN) is a global technology solutions provider whose GPS and Wi-Fi applications are best-of-breed in the vertical markets of golf course management and residential community development. In the golf industry, the Company's Inforemer-HD([TM]) GPS Management System features an integrated Wi-Fi communications network, a comprehensive suite of club management tools, and award-winning cart-mounted display units that provide an enriched on-course playing experience. In the community development vertical, the Company's WiStream([TM]) division implements WiFi coverage throughout an entire development, creating a community-wide wireless 'hot-spot' which supports the Company's unique array of WiFi amenities: wireless internet connectivity, location tracking devices, wireless security protection, VOIP phones, mobile point-of-sale systems, and an interactive real estate sales tool. GPSI owns key patents for many important GPS and Differential GPS (DGPS (Differential GPS) See GPS augmentation system. ) applications in fifteen countries worldwide, including the United States, Australia, Great Britain and Japan. For additional information, please visit www.gpsindustries.com, www.wistream.com and www.gpsifireattheflag.com.

Forward-Looking Statements

Some statements contained in this release may be forward-looking within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to generate revenues and other factors as described in the Company's literature and filings with the Securities and Exchange Commission.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 2, 2007
Words:739
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