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Pastimes : The OTCBB Garbage Dump -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (1362)	8/24/1999 2:46:00 PM
From: vagabond	Read Replies (3) \| Respond to of 2942

Hope there's no "three strikes and you're out forever" policy here on SI -- Wayne could be testing it soon if he's not careful, which would be a huge loss for ALL of us... Vagabond

To: LANCE B who wrote (1362)	8/25/1999 9:33:00 AM
From: $Mogul	Read Replies (1) \| Respond to of 2942

TRKR (PR NEWSWIRE) Tracker Announces Closing of Up to $6 Million Financing Tracker Announces Closing of Up to $6 Million Financing TORONTO, Aug. 25 /PRNewswire/ -- The Tracker Corporation of America (OTC Bulletin Board: TRKR) announced today that it has completed the first closing of an up to $3 million Bridge Note financing. The Note may be redeemed by the Company or converted into Common Stock at a fixed price with warrants. The Company expects the financing to be consummated over a series of closings. At the first closing, occurring on August 18, 1999, Tracker received $1 million in immediately available funds. The next closing is expected on or about September 15, 1999. The Company will use proceeds from the financing for operating capital, capital expenditures, research and development and other corporate purposes. The Company will use the proceeds from the financing for operating capital, capital expenditures, research and development and other corporate purposes. Bruce Lewis, CEO of Tracker, stated, "The financing provides us with the necessary capital to implement our business plan, increase revenues, make money and enhance stockholder value. Tracker is regaining its momentum and is back 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 Tracker Corporation of America -0- 08/25/99 /CONTACT: I. Bruce Lewis, Chief Executive Officer of the Tracker Corporation of America, 416-593-2604, ext. 230, or fax, 416-593-8456, bruce@tracker.com/ /Web site: tracker.com (TRKR) CO: Tracker Corporation of America ST: Ontario IN: CPR SU: *** end