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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (13511)	8/6/1999 11:17:00 AM
From: 2MAR$	Read Replies (2) \| Respond to of 108040

(PR NEWSWIRE) Tracker Announces Filing of Preliminary Proxy Statement for Tracker Announces Filing of Preliminary Proxy Statement for Annual Meeting TORONTO, Aug. 6 /PRNewswire/ -- The Tracker Corporation of America (OTC Bulletin Board: TRKR) announced today that it has filed a Preliminary Proxy Statement with the Securities Exchange Commission for its annual stockholders' meeting. The Preliminary Proxy Statement, among other things, proposes an increase in Tracker's authorized capital stock to approximately 90 million shares. The purpose of the increase in authorized capital is to position Tracker for further growth through tax-free, stock-for-stock acquisitions, mergers and related transactions. Bruce Lewis, CEO of Tracker, stated, "Increasing Tracker's authorized capital will afford us the same flexibility as the Amazons, Yahoos and other growth companies by providing non-cash currency with which to enhance company value. Adoption of the proposal provides a tool for increasing stockholder value. The intent is not to reduce stockholder value through dilution. To that end, look for another major announcement from us shortly that should demonstrate Tracker is regaining its momentum and is on the right track." 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 by Tracker 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; E-mail:bruce@tracker.com. SOURCE The Tracker Corporation of America -0- 08/06/99 /CONTACT: I. Bruce Lewis, Chief Executive Officer of The Traker Corporation of America, 416-593-2604, ext. 230, fax: 416-593-8456, or e-mail, bruce@tracker.com./ /Web site: tracker.com (TRKR) CO: Tracker Corporation of America ST: Ontario IN: CPR SU: *** end o