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WirelessDevNet.com Press Release
MicroTRAK GPS Announces Record First Quarter
DALLAS, TX -- The Tracking Corporation (PINKSHEETS: MIOK) has experienced a record first quarter. Sales have increased over 100% from 2006, with reported sales reaching over $1.1 million and losses reduced to $288,000 from $387,000 from the previous quarter, marking a 33% improvement.
Having experienced a first quarter turn-around from last year, MicroTRAK GPS is preparing new products for shipment in the second quarter. They have introduced a new Locate 1+ portable GPS unit and started development on a new fleet product.
Commenting on their success, Jerry Grisaffi, CEO of MicroTRAK GPS, INC., said, "Our sales growth was driven by a strong backlog and continued robust demand for our products. We anticipate strong financial performance throughout 2007."
MicroTRAK GPS, an operating subsidiary of The Tracking Corporation, is a Dallas-based total-solutions provider, with ventures in the asset tracking and vehicle recovery markets. MicroTRAK GPS functions as a multi-faceted corporation focusing on a turn-key approach. This level of dedication provides them with expertise in developing, designing, providing, manufacturing, distributing and servicing GPS technology and products. If you are interested in viewing additional information on The Tracking Corporation, please visit the website at: www.microtrakgps.com.
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