GPS Industries Applies To De-list From The Berlin

"Our exclusive DGPS golf patents significantly increase our value proposition in Europe and provide a substantial competitive advantage. We have already received buying responses from courses in the UK, France, Spain and Italy," states Bradley Allen, vice president of operations, Europe. "We are in the process of appointing a network of distributors throughout the EMEA, giving us local presence in the key golfing markets of this crucial region." Allen previously established GPSI's Australian presence, where his successes included signing Australia's number one public golf course. Allen will be based at GPSI's new office in the United Kingdom, providing good access to every part of the EMEA region.

"With our exclusive patents, we anticipate rapid adoption of our Inforemer(TM) solution. Moreover, there is no comparable product on the market suited to European golf courses where more golfers walk the course," comments Robert Silzer, Sr., president and CEO of GPSI. "Most GPS products are only suitable to North American courses where most golfers ride carts. We took a more international approach, and designed Inforemer to meet the needs of any golf course, anywhere." Inforemer is the only GPS golf product with mix-and-match capabilities between handheld and cart-mounted GPS units to accommodate any combination of golf carts and walkers, and is Unicode compliant for use in multiple languages.

GPSI's new office is located in East Sussex, United Kingdom at 2 Kestrel House, Marine Road, Eastbourne BN22 7AU. The telephone number is +44 1323 649690 and the fax number is +44 1323 649692. Bradley Allen can be emailed at bradallen@gpsindustries.com

The three acquired North American patents include the well-recognized '093 patent and cover a broad application of DGPS and GPS technology to enable a number of key golf course applications, such as the precise, real-time measurement of the distance of the ball to the pin. The coverage includes both golf course and personal GPS golf systems and extends to any device developed for other purposes, such as Personal Digital Assistants (PDAs), when using GPS on a golf course.

The patents, a centerpiece of GPSI's acquisition of Optimal Golf Solutions, LLC, already generate material revenue, and will provide an expanded revenue stream through future licensing of the patents in golf's largest market. All existing and future competitors that use GPS technology on a golf course will need to pay GPSI licensing fees to operate in North America as well as the 13 other countries where the Company owns the patents.

"Our acquisition of these patents greatly enhances our ability to generate revenue, and gives us a substantial competitive advantage allowing GPS Industries to move forward independently with our strategic business plan and sales of our Inforemer(TM) solution worldwide," said Mr. Silzer. "This will enable us to create significant shareholder value for the long term, and will further cement our position as the global leader in GPS business solutions for golf facilities, sporting events, resorts and communities."

The distance measurement capability involved in the patents is just one aspect of GPSI's application of Wi-Fi wireless and GPS technology to the game and business of golf and other markets. The Company's Inforemer GPS Golf Business Solution includes mobile color handheld or cart-mounted GPS view screen units seamlessly connected by a high-speed Wi-Fi wireless network infrastructure. Inforemer provides a wide range of capabilities to golf course operators, including the management of course facilities and tournaments, analysis and monitoring of course activity, customer relationship management, the generation of revenue through remote food and beverage order placement, the sale of multimedia advertising spots and internet access through Wi-Fi hotspots.

Currently, GPS applications have been implemented on less than 5% of golf courses. GPSI expects rapidly increasing adoption of GPS golf management and consumer GPS golf devices. As a result, the Company believes it is poised to benefit substantially from growing licensing revenues.

Glynns Creek will use Inforemer to reduce and control costs, increase pace-of-play, improve customer service and generate more revenue through tournaments, food and beverage ordering, advertising and wireless services. “We did our research, and GPS Industries is the only company that can give us GPS on the golf course and extend wireless Wi-Fi internet services to both our golf facility and our campground,” comments Roger Kean, Director of the Scott County Conservation Board. “We are excited to be the first facility in the Quad Cities market to provide GPS to our golfers, and the wireless internet access will certainly increase our level of service.”

GPS Industries deploys a complete Wi-Fi wireless infrastructure as part of its Inforemer installation. This infrastructure enhances the capabilities of the GPS units on the course, streamlines internal operations and generates new revenue through wireless internet access from anywhere across the facility. “Most hotpots are confined to a small area, like the clubhouse,” comments Blake Ponuick, Vice President of Sales and Marketing at GPSI. “However, with Inforemer, we install a series of repeaters providing ubiquitous Wi-Fi coverage across an entire golf facility, allowing guests to access the internet wirelessly from anywhere, anytime. At Glynns Creek, we’ve extended our wireless facilities to allow campers to enjoy the natural environment without losing touch with the world.”

The installation at Glynns Creek follows GPSI’s recent announcement of the purchase of the GPS golf patents for North America. GPSI now owns the GPS golf patents for all major markets in the worldwide golf marketplace.

About Glynns Creek Golf Course
Glynns Creek, located within the boundaries of 1280-acre Scott County Park near Davenport, Iowa, is owned and operated by the Scott County Conservation Board. Featuring a championship par 72 18-hole course with tree-lined watered fairways, rolling hills and grass bunkers, Glynns Creek was awarded four stars by Golf Digest’s Best Places to Play and Bestgolfcourses.com ranks the course among the top five public-access/daily-fee courses in Iowa. Scott County Park also includes the new Bald Eagle Campground, featuring 55 sites and designed to accommodate large recreational vehicles. The campground is located approximately two miles from the Glynns Creek. For additional information on Glynns Creek, please visit: www.glynnscreek.com.

About GPS Industries, Inc.
GPS Industries, Inc. (GPSI) develops and markets GPS and Wi-Fi wireless multimedia solutions to enable managers of golf facilities, resorts, sporting events, and residential communities worldwide to generate significant new revenue streams and improve operational efficiencies. The company's unique and patented Inforemer™ product line provides a complete GPS golf business solution, combining a powerful backend management information system and revenue generating modules with mobile color handheld or cart-mounted Differential GPS units, seamlessly connected via a wireless, high-speed Wi-Fi network. GPSI owns the GPS golf patents for all major golf markets worldwide, including North America, Australia, Japan and 11 European nations. GPSI's Board of Directors includes legendary golfer and businessman Greg Norman. For additional information on GPSI and its solutions, please visit www.gpsindustries.com.

Contact
GPS Industries, Inc., Nicole Croizier
604-576-7442 ext. 136
nicolec@gpsindustries.com

Noch dabei Standing oder dauert Dir das warten auf den nächsten Anstieg zu lange?

Ich habe noch Geduld!

Gruß S1

All details of the investment agreement and the prepayment of the NIR debentures were disclosed Friday, November 17, 2006 via the Company's Form 8-K, which can be accessed via the Company's web site, www.gpsindustries.com.
About GPS Industries (GPSI)
GPS Industries, Inc. (GPSN : gps inds inc com
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GPSN0.09, +0.01, +8.5%) is the leading innovator of Wi-Fi enabled GPS systems for golf facilities and residential communities. The company's patented INFOREMER-HD(TM) GPS Management System provides precise GPS distance information, a Wi-Fi communications network with asset tracking capabilities, augmented by a powerful suite of operations management tools and revenue generating modules. Central to the system's functionality are the full color cart-mounted and/or portable handheld display units, which have been recognized for their remarkably vivid graphics and visual impact. For additional information on GPSI and the INFOREMER-HD(TM) GPS Management System, please visit www.gpsindustries.com
Forward-Looking Statements
Some statements contained in this release may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to generate revenues and other factors as described in the Company's literature and filings with the Securities and Exchange Commission.
SOURCE: GPS Industries, Inc.
GPS Industries, Inc. Steve Barrett Director, Marketing & Communications 604-576-7442 steven@gpsindustries.com or Ryan Gray Investor Relations 310-276-6743 ryan@gpsindustries.com Copyright Business Wire 2006

The Series B preferred shares are restricted from trading and will be convertible into common shares once the Company's shareholders have approved an increase in GPSI's authorized number of common shares. In connection with their investment, GWSE and Leisurecorp also receive the right to invest an additional $13.0 Million in GPSI within 120 days of their original investment. In a related transaction, certain Officers and Directors of the Company agreed to convert $3.7 Million of outstanding short term obligations in exchange for common and preferred stock of the Company. In addition, Bart Collins, President of GWSE and a current Director of the Company, was elected to the office of Executive Vice President at GPSI.

Approximately $2.8 Million of proceeds from the transaction have been used to redeem at a discount outstanding convertible debentures that were issued to entities affiliated with N.I.R. Group, LLC, thus extinguishing all financial obligations under such debentures. The remaining proceeds will be used to fund working capital and ongoing Research and Development, virtually eliminate Company debt, and support the Company's growth initiatives. TM Capital Corp. served as financial advisor to GPSI in connection with this transaction.

Commenting on the investment by Great White Shark Enterprises, Bart Collins said, “Part of our business at GWSE is the design and development of golf courses around the world, so we are keenly interested in products which enhance the game and foster profitability for the industry. At nearly 100 facilities around the world GPSI's patented technology is already transforming the way golf courses are managed. But the Company's technology also has vast potential beyond the golf industry.”

Collins continues, “I believe the Company's unique array of wireless products will dramatically impact the amenities offered in high-value residential developments and resort communities. This recapitalization of the business provides the platform for GPSI to realize that potential.”

Silzer concludes: “This is a landmark agreement for GPSI and our shareholders. The Company is now well capitalized to develop all of the opportunities of our technology and the strategic vision of our management team.”

Full details of the investment agreement were disclosed (Friday, November 17, 2006) via the Company's Form 8-K, which can be viewed online at www.gpsindustries.com.

About GPS Industries (GPSI)

GPS Industries, Inc. (OTCBB:GPSN) 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-HDâ„¢ 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: www.gpsindustries.com.

About Great White Shark Enterprises

Great White Shark Enterprises is a multi-national corporation headed by Greg Norman with offices in Jupiter, Fla., and Sydney, Australia. The company's interests are primarily focused around golf and the golf lifestyle. For more information, please visit: www.shark.com.

About Istithmar:

Istithmar is an alternative investment house based in the United Arab Emirates. It is 100% owned by Dubai World, which is in turn wholly owned by the Government of Dubai. Istithmar was established in 2003 with the key mission of earning exceptional returns for its investors while maintaining due regard for risk.

Istithmar, which means investment in Arabic, applies global expertise with local insights to coordinate the appraisal and implementation of various opportunities. Istithmar's ‘I' investment philosophy is based around three core principles -- Ideas, Inquiry&Integrity -- sets the foundation for the firm which has a broad portfolio of highly successful companies in markets from North America to Europe to Asia to the Middle East.

Istithmar's investment portfolio comprises over 50 successful companies with premium assets within financial services, consumer, industrial and real estate sectors, in addition to investing in public equities and joint venture projects. The company's equity investment exceeds US$ 2.6 billion across markets ranging from North America to the Far East. For more information on Istithmar, please visit: www.istithmar.ae.

About Leisurecorp LLC

Leisurecorp LLC, a subsidiary of Istithmar, LLC focuses on the development of Istithmar's current leisure assets inside Dubai and internationally, as well as identifying new high-yielding investment options. Under the leadership of David Spencer – former Director of Marketing and Brand Management for Nakheel – Leisurecorp's initial portfolio includes Jumeirah Golf Estates, Island Global Yachting and Nakheel's beach and recreation clubs. The consolidation of Istithmar's and Nakheel's leisure related assets under Leisurecorp LLC is in line with the holding company's aim to shape Dubai into the world's leading leisure and lifestyle destination.

About TM Capital Corp.

TM Capital Corp. is a merchant banking and financial advisory firm based in New York and Atlanta. Since inception in 1989, TM Capital has completed over 130 mergers, acquisitions and financings for clients totaling over $7.0 billion in value.

Forward-Looking Statements

Some statements contained in this release may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to generate revenues and other factors as described in the Company's literature and filings with the Securities and Exchange