2007-03-12 13:07:56 -
NEW YORK, March 12 /PRNewswire/ -- On March 8, Steven Barrett, Chief Marketing Officer for GPS Industries, Inc. (BULLETIN BOARD: GPSN) alerted the investment community to an anticipated surge in revenues for the Company in an exclusive interview with http://www.wallst.net/.
Mr. Barrett confirmed that the Company expects sales for the first two quarters of 2007 to exceed the Company's revenues for all of 2006. "We are on track not only for record revenue performance, but dramatic increases in revenue," Barrett said.
Mr. Barrett also affirmed earlier guidance to achieve
positive cash flow by the end of the 2007 fiscal year. Other topics covered in the interview include the Company's target markets, intellectual property, equity partners, current capitalization, and upcoming strategic and financial milestones.
To hear the interview in its entirety, visit http://wallst.net/audio/audio.asp?symbol=GPSN&id=3127&rate=5
About GPS Industries, Inc.:
GPS Industries, Inc. owns the patents for golf-related GPS and Differential GPS (DGPS) applications in fifteen Countries worldwide, including the United States, Australia, Great Britain and Japan. Based on their patented technology, GPSI has become the leading innovator of Wi-Fi powered management solutions for golf facilities and residential communities. The company's INFOREMER-HD GPS System features an integrated Wi-Fi communications network and a comprehensive suite of software applications and revenue generating modules. Central to the system's functionality are the company's award-winning display units, which deliver the most powerful on-course advertising opportunities in the golf industry. For additional information, please visit http://www.gpsindustries.com/, http://www.wistream.com/ and http://www.gpsifireattheflag.com/.
About WallSt.net:
http://www.wallst.net/ is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. The website is a leading provider of financial news, media, tools and community-driven applications for investors. http://www.wallst.net/ offers visitors free membership to its in-depth executive interviews, exclusive editorial content, breaking news, and several proprietary applications. In addition to its website, WallStreet Direct organizes investor conferences, publishes a newspaper, and provides multimedia advertising solutions to small and mid-sized publicly traded companies. We received ten thousand dollars and two hundred thousand free trading shares of GPSN from a third party (all shares sold) for media and advertising services for GPS Industries, Inc., in 2005, and are expecting to receive two hundred eighty dollars from GPS Industries, Inc. for the dissemination of this press release. For a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.asp.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050927/LATU121LOGO)
Photo: http://www.newscom.com/cgi-bin/prnh/20050927/LATU121LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: WallStreet Direct, Inc.
