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Gabriel Technologies and OOIDA Alliance Strengthens Homeland Security on Nation's Highways.


OMAHA Omaha, city, United States
Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857.
, Neb. -- Major Insurance Savings and WAR-LOK Security Locking System Distribution Program Unveiled

Gabriel Technologies Corp (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:GWLK) founders of the WAR-LOK(TM) transportation security product line, today announced an unprecedented truck and cargo security and insurance alliance with OOIDA OOIDA Owner-Operator Independent Drivers Association , the 119,061 member Owner-Operator Independent Drivers Association. The alliance has the potential to provide economic benefits to the two companies and their customers, and strengthen homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security
Department of Homeland Security

executive department - a federal department in the executive branch of the government of the United States
.

The agreement calls for OOIDA's wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, Owner Operator Services A variety of telephone services that require human intervention, including person-to-person calls, collect calls, credit card billing and directory and dialing assistance. Such services are performed by LECs, IXCs and alternative operator services (AOS), organizations that are used by , Inc. (OOSI OOSI Oklahoma Office Systems, Inc. (Office Equipment Dealer) ) to offer 10% premium discounts on the key Physical Insurance and Cargo Coverage insurance it sells to OOIDA members, provided they buy and use Gabriel Technologies' WAR-LOK TSK-50 Security System. The WAR-LOK system, in turn, comes with its own insurance covering the deductibles on the OOSI policies.

Gabriel Technologies recently insured the WAR-LOK TSK-50 through a Lloyd's of London Not to be confused with Lloyds Bank or Lloyd's Register.

Lloyd's of London is a British insurance market. It serves as a meeting place where multiple financial backers or “members”, whether individuals (traditionally known as
 underwriter, Adriatic Insurance Company. The insurance covers the deductible That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes).  payments on WAR-LOK users' truck and cargo insurance policies -- up to a $10,000 deductible on tractor insurance and up to a $25,000 deductible on cargo insurance. Since these limits meet or exceed the deductibles on the OOSI Physical/Bobtail and Cargo products, holders of these policies who order the WAR-LOK TSK-50 systems get full coverage on the deductibles applied to insured losses that occur while the WAR-LOK systems are in use. OOSI is supplying the WAR-LOK TSK-50 systems at the specially reduced price of $189.00 (vs typically $299.50 at retail). The 10% discount saves the OOSI coverage buyer more than the cost of the system in the first year alone -- and the 10% savings will continue year after year.

"This alliance will bring major benefits to Gabriel Technologies, OOSI and the OOIDA members it insures and to all Americans," said Keith Feilmeier, President and Chief Executive Officer of Gabriel Technologies. "Our goal is to get 100% of OOSI's insurance buyers to participate in the WAR-LOK insurance security program. But first year penetration of even 60% could produce net income up to 40 cents a share for our shareholders," he said. "The partnership will also increase OOSI's revenue and reduce the incidence and financial impact of the losses it insures. Most important, it will strengthen our homeland security by denying terrorists access to tens of thousands of trucks and their cargoes," Feilmeier added.

"A significant number of OOIDA's members already insure their tractors and cargoes with OOSI and we estimate this alliance will help drive 10% annual growth in the number of our Insureds," said Michael Shermoly, Director of Marketing for OOIDA. "In addition, the alliance with Gabriel Technologies and the WAR-LOK product line will reduce insured losses and hence costs, helping OOSI continue to offer its valuable coverage at highly favorable rates," he added.

The WAR-LOK TSK-50 package includes a TL-10 (a cast steel barrier box with a reusable, removable, keyed locking device that fits securely over the hasp of most trailers with swing-out doors), TKP-10 (a king pin lock designed for dropped trailers), TAB-10 (a truck air brake air brake: see brake.
air brake

Either of two kinds of braking systems. The first, used by trains, trucks, and buses, operates by a piston driven by compressed air from reservoirs connected to brake cylinders (see piston and cylinder).
 lock that protects idling trucks from theft by completely encasing the air valves a valve to regulate the admission or egress of air; esp. a valve which opens inwardly in a steam boiler and allows air to enter.
etc. See under Air. Ball, Check, etc.

See also: Air Valve
), TGH-10 (a glad hand lock that protects a trailer's air brake system from being connected to the tractor) and a Top Security Padlock, all in a convenient carrying case. All locks can be keyed alike or individually.

OOSI's current Insureds and all OOIDA members are eligible to save 10% on both the Physical Insurance and on the Cargo Coverage. To do so they may simply call OOIDA at 1.800.444.5791 and request the OOSI savings.

All WAR-LOK security products have over 260 million possible key combinations and the ability to master key 20,000 different locks. Each product's locking core is designed with a flat-keyed locking system. Each component of the disc type cylinder has been designed to withstand the harsh environments of the transportation industry. All components are made of chrome-plated steel. The locking cores are pick resistant, drill resistant and key duplication is virtually impossible.

About OOIDA:

Founded in 1973, OOIDA is the national trade association representing the interests of small business trucking professionals in the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, . Small business truckers (companies operating six or fewer trucks) comprise over 70% of the motor carrier industry. OOIDA represents more truck drivers and more trucking companies than any other association in that industry. The Association's 119,061 active membership is spread through all 50 states.

About Gabriel Technologies Corporation:

Gabriel Technologies of Omaha, Neb, develops proprietary technology for, and manufactures and sells, a series of physical locking systems for the transportation/shipping industry collectively known as the WAR-LOK Security System. Security within the transportation/shipping industry has evolved substantially in recent years due to the increased risks in theft and terrorism. In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  alone cargo theft accumulates for $15 billion in annual losses.

With the implementation of our award winning physical security product line, the WAR-LOK, Gabriel Technologies now provides the transportation/shipping industry cost efficient security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising"
security
 to prevent theft and other security problems that affect our nation and global economy. Homeland security is Gabriel's top priority and the company is poised with a proven product line to help deter terrorists who try to threaten our nation's security and disrupt the flow of commerce.

Gabriel Technologies' mission is clear, to provide the highest quality security products available to the transportation and shipping industry - by creating innovative, proven technologies that can be implemented on a realistic basis in today's post 9/11 economy. For more information visit us on the web at www.gabrieltechnologies.com.

SAFE HARBOR Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Information in this news release may contain statements about future expectations, plans, prospects or performance of Gabriel Technologies Corporation that constitute forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 for purposes of the safe harbor provisions under 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. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases Words and Phrases®

A multivolume set of law books published by West Group containing thousands of judicial definitions of words and phrases, arranged alphabetically, from 1658 to the present.
 are intended to identify such forward-looking statements. The company cautions you that any forward-looking information provided by or on its behalf is not a guarantee of future performance. None of the information on this news release constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website The company's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond the company's control, in addition to those discussed in the company's press releases, public filings, and statements by the company's management, including, but not limited to, estimates of the sufficiency of its existing capital resources, abilities to raise additional capital to fund future operations and repay its existing indebtedness, and the uncertainties involved in estimating market opportunities. All such forward-looking statements are current only as of the date on which such statements were made. The company does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 19, 2005
Words:1182
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