MicroTRAK Inc. Announces First Quarter Financial Results; Company's Available Capital and Credit Lines Reach All-Time High.

DALLAS -- MicroTRAK, Inc. (Pink Sheets:MIOK) a provider of Global Positioning Systems (GPS) wireless location services and products that track and recover valuable mobile assets, today reported consolidated financial results for its first quarter ended March 31, 2006.

MicroTRAK, Inc. (the "Company") filed its results with Pink Sheet.com accompanied by a Reviewed Report from accountants. For the first quarter ended March 31, 2006, the Company reported sales revenue of $483,622 representing an increase of 28 percent or $106,502 compared to revenues reported in the first quarter of the prior fiscal year. The net loss per share of $.0066 was the same as the prior quarter.

Sales revenue and earnings have exceeded earlier projections while expenses increased due to additional staffing and continuing product development. The number of current MicroTRAK subscribers who have purchased anti-theft devices has increased over 500 percent from last year. The balance sheet reflects continued working capital improvement with the additional capital from the private placement of common stock. Results may be reviewed at https://www.otcstockinfo.com/repository/658616/658616_FR11.pdf.

"We are very happy with our first quarter results and there is no reason for us to expect that this trend won't continue," said Walter Stock, chief financial officer for MicroTRAK. "Our products and services have clearly found a niche in the asset protection and location service industry and we have the financial resources to continue to grow our business."

Operational Highlights:

--Sales revenue of $483, 622 representing an increase of 28 percent compared to same period the prior year

--On May 23, 2006, the Company announced it acquired RFID provider, Fibergrations LLC to develop the first application combining GPS and RFID technologies

--On May 15, 2006, the Company announced that Sharper Image will sell its Locate 1 hand-held security and tracking device in its stores, catalogs and online

--On May 15, 2006, the Company announced that it signed Platinum Wireless, one of the nation's largest Sprint Nextel distributors, as a Master Dealer

About MicroTRAK, Inc.

MicroTRAK, Inc., through its wholly-owned subsidiary MicroTRAK GPS, Inc.,is a leading provider of Global Positioning Systems (GPS) technology and products that utilize in-vehicle hardware and wireless location services. Based in Dallas, Texas, MicroTRAK GPS has combined the ubiquitous coverage of GPS with the nationwide cellular network and 24/7 automated web and telephone accessibility to provide real-time wireless location and tracking, emergency assistance, stolen vehicle recovery and many other personal and fleet management purposes.

Safe Harbor' Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although MicroTRAK Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. These risks include but are not limited to the availability and cost of components and service providers, the acceptance of GPS and RDIF tracking technology by the transportation industry, the availability and cost of cellular communication services, and the availability and cost of competitive technologies. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by MicroTRAK Inc. or any other person that the objective and plans of MicroTRAK Inc. will be achieved.

If you are interested in viewing additional information on MicroTRAK, please visit the website at http://www.microtrakgps.com.