NEWS OUT ON SYMBOL!
Symbol Technologies and Tracker Announce Global Alliance to Market
Tracker's Technology
PR Newswire - May 24, 1999 10:16
TORONTO, May 24 /PRNewswire/ -- The Tracker Corporation of America (OTC Bulletin Board: TRKR), announced today
that it has entered into a global alliance with Symbol Technologies, Inc. (NYSE: SBL) to support Tracker's marketing and sales
efforts. Symbol is a world leader in mobile data management systems with innovative customer solutions based on wireless
local area networking for voice and data, application-specific mobile computing and bar-code data capture.
Under the agreement between Tracker and Symbol, Symbol will offer a performance guaranty to approved Tracker's
customers. The performance guaranty provides that, under specified circumstances, Symbol will assume Tracker's limited
warranty obligations regarding Symbol's products; assume certain of Tracker's post-warranty support obligations under
Tracker's service contracts; assist Tracker in the attainment of potentially large orders by providing pre-sale technical support;
and designate support personnel to familiarize itself with Tracker's technology. Under the arrangement, Tracker will utilize
Symbol's advanced bar code and laser scanning technology in Tracker's products and services. Symbol has granted Tracker
exclusivity in the personal property identification and recovery of lost or stolen items market segment.
Bruce Lewis, CEO of Tracker, stated, "Our agreement with Symbol will enhance Tracker's marketing efforts and afford
Tracker's customers the assurances that a billion dollar company backs Tracker's products and services."
Tomo Razmilovic, Symbol's President and COO, said, "Through the agreement with Tracker, Symbol is pleased to support
Tracker's products and services and expresses its commitment to Tracker's customers."
The Tracker Corporation of America is a development stage company that develops, markets, sells and operates asset
management, inventory control and personal property identification and recovery systems using advanced bar code and laser
scanning technology.
The statements made herein, including those about estimated results are preliminary and are based on partial information and
management assumptions. Accordingly, these statements are forward-looking statements that involve risks and uncertainties.
Forward-looking statements are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that actual results, performance or developments could differ materially from those expressed or
implied by these forward-looking statements as a result of known or unknown risks, uncertainties and other factors described
from time to time in the company's filings with the Securities and Exchange Commission, press releases and other
communications.
For additional information about THE TRACKER CORPORATION OF AMERICA contact I. Bruce Lewis, Chief Executive
Officer, 180 Dundas Street West, Suite 1505, Toronto, Ontario, Canada M5G 1Z8; telephone: 416-593-2604, ext. 230; fax:
416-593-8456.
SOURCE The Tracker Corporation of America
/CONTACT: I. Bruce Lewis, Chief Executive Officer of The Tracker
Corporation of America, 416-593-2604, ext. 230, or fax, 416-593-8456/
/Web site: tracker.com
(TRKR SBL) |
