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Strategies & Market Trends : Aardvark Adventures

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From: ~digs	11/29/2006 12:46:41 AM
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GPSN.ob .10 Tuesday November 28, 11:38 am ET GPS Industries, Inc, the leading innovator of Wi-Fi enabled GPS systems for golf facilities and residential communities, has signed a definitive investment agreement with Greg Norman's Great White Shark Enterprises (GWSE) and Leisurecorp LLC (Leisurecorp). Leisurecorp is part of the Istithmar group. Istithmar is an alternative investment house based in the United Arab Emirates (UAE), it is 100 percent owned by Dubai World, which is in turn wholly owned by the Government of Dubai. Under the terms of the agreement, GWSE and Leisurecorp will invest $15.7 Million in aggregate in GPSI through the purchase of 1,574,089 newly issued Series B convertible preferred shares and related warrants. biz.yahoo.com

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