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Microcap & Penny Stocks : Tracker Corporation America (TRKR) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Grossman who wrote (247)	1/19/1999 11:05:00 AM
From: t.gawarecki	Respond to of 1877

TRKR NEWS>>>>>>>>>>>>>>>>>>>> TRACKER Receives Commitment for $3 Million USD Equity Investment PR Newswire - January 19, 1999 10:39 TORONTO, Jan. 19 /PRNewswire/ -- The Tracker Corporation of America, Inc. (OTC Bulletin Board: TRKR) announced today that J. Witt has agreed to make a $3 million USD equity investment in Tracker through its purchase of 6,000,000 shares of Tracker Convertible Senior Preferred Stock at $0.50 per share. The transaction will be completed through a private placement offering initiated by Tracker. J. Witt is an investment management firm located in Oberhausen, Germany. J. Witt signed a Subscription Agreement committing to the $3 million USD Tracker investment on January 5, 1999. Bruce Lewis, Tracker's CEO, accepted J. Witt's subscription on behalf of Tracker. In connection with the investment, J. Witt will be entitled to appoint one member to Tracker's Board of Directors. Mr. Lewis commented: "Tracker is delighted that J. Witt has expressed its confidence in Tracker's future by committing to a $3 million USD equity investment. With J. Witt's investment, Tracker will have the working capital to focus on its core business and pursue its key initiatives. Among Tracker's immediate priorities is to add additional brand names to a customer list that already includes Warrantech, Samsonite, Schwinn, Sony. These customers appreciate the value of Tracker's technology. We intend to work hard to win the business of many more." The Tracker Corporation of America, Inc. is a development stage company that develops, markets, sells and operates global property tracking systems and recovery services 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, Inc. contact I. Bruce Lewis, President, 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, Inc. /CONTACT: I. Bruce Lewis, President, The Tracker Corporation of America, Inc., 416-593-2604, ext. 230, or fax, 416-593-8456/ /Web site: tracker.com (TRKR)

To: Jeff Grossman who wrote (247)	1/19/1999 11:07:00 AM
From: t.gawarecki	Read Replies (1) \| Respond to of 1877

MORE TRKR NEWS>>>>>>>>>> Symbol Technologies, Inc. (NYSE: SBL) to Invest US$250,000.00 Equity Investment in Tracker PR Newswire - January 19, 1999 10:52 TORONTO, Jan. 19 /PRNewswire/ -- THE TRACKER CORPORATION OF AMERICA, INC. (OTC Bulletin Board: TRKR) announced today that Symbol Technologies, Inc. (NYSE: SBL) to make a $250,000 equity investment in Tracker through the purchase of Tracker's Convertible Senior Preferred Stock at .50 per share to close on or before February 14, 1999. Symbol's investment is contingent upon Tracker obtaining an additional equity investment of US$3 million under the same terms and conditions as Symbol's investment and agreeing to repurchase Symbol's equity position if Tracker enters into a commercial relationship with any of Symbol's competitors. Symbol will have the right to appoint a member to Tracker's Board of Directors. Symbol is the world leader in bar code technology and data management systems. Tomo Razmilovic, Symbol's President and COO, commented, "I would like to express our commitment to support The Tracker Corporation in becoming a world class provider of global property tracking systems." Bruce Lewis, Tracker's CEO, stated, "Tracker is excited that Symbol, already Tracker's strategic business partner, has expressed its faith in Tracker by making a commitment to also become an investment partner as a Tracker shareholder." The Tracker Corporation of America, Inc. is a development stage company that develops, markets, sells and operates 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, INC. contact I. Bruce Lewis, President, 180 Dundas Street West, Suite 1505, Toronto, Ontario, Canada M5G IZ8; telephone: 416-593-2604, ext. 230; fax: 416-593-8456. SOURCE The Tracker Corporation of America, Inc. /CONTACT: I. Bruce Lewis, President of The Tracker Corporation of America, Inc., 416-593-2604, ext. 230 or fax, 416-593-8456/ /Web site: tracker.com (TRKR SBL)

To: Jeff Grossman who wrote (247)	1/19/1999 5:17:00 PM
From: t.gawarecki	Read Replies (1) \| Respond to of 1877

Looks like the preferred shares to be issued are convertible on a one-to-one basis (see iv below) into common stock. From the recent S-8 on Edgar. CONVERTIBLE SENIOR PREFERRED STOCK As of January 4, 1999, there were no shares outstanding of any class or series of Preferred Stock. On December 18, 1998, the Board of Directors authorized the issuance of a series of up to 6,500,000 shares of Preferred Stock designated as Convertible Senior Preferred Stock. The Convertible Senior Preferred Stock will not be redeemable. Holders of Convertible Senior Preferred Stock will receive (i) voting rights pari passu with holders of Common Stock; (ii) semi-annual dividends payable in cash out of funds legally available for such purpose at the rate of 7.5% per annum; (iii) in the event of any liquidation, dissolution or winding up of the Registrant, a preference entitling the holder to receive, prior to any distribution of any of the assets or funds of the Registrant to the holders of the Common Stock or any other shares of stock of the Registrant, $0.50 per share (as adjusted for any stock dividends, combinations or splits with respect to such shares) plus an amount equal to any accrued but unpaid dividends thereon to the date fixed for payment of such distribution; and (iv) the right to convert shares of the Convertible Senior Preferred Stock into Common Stock at any time at the option of the holder on a one-for-one basis. Outstanding shares of the Convertible Senior Preferred Stock will convert automatically into Common Stock within five years of issuance if the Common Stock is listed for trading on either the New York Stock Exchange, the American Stock Exchange (including Emerging Markets), the Nasdaq National Market System or any other exchange acceptable to the Registrant.

To: Jeff Grossman who wrote (247)	1/20/1999 10:35:00 PM
From: t.gawarecki	Read Replies (1) \| Respond to of 1877

Read through the Form S-8 tonight and found this. This could have been the subject of a worthwhile news release in my opinion. Did you see this Jeff? Direct Marketing The Company also intends to build on its success in procuring contracts with Warrantech and Sony Corporation through direct marketing of The Tracker(TM) System as an inventory and asset management program for Fortune 1000 companies. Recently, the Company retained a marketing executive as a full-time employee to spearhead this initiative. Tom