Agri-Dynamics, Inc. (Pinksheets:AGDY - News) announced the agreement of a share exchange transaction with GPS Tracking Network, Inc. (GPS Tracking), where Agri-Dynamics will acquire all the common stock of GPS Tracking. GPS Tracking, a privately-owned Nevada Corporation, with principal offices in Dallas, Texas, is a leading provider of GPS-based tracking and location services to consumers, commercial businesses and governmental entities, especially law enforcement units, and also targets internet consumer sales.
According to ABI Research, in 2009 the global GPS market will reach $22 billion. With products such as "Teen Tracking," a personalized way to monitor how, when and where kids drive, GPS Tracking is well-positioned to establish itself as an innovator in the highly fragmented GPS market.
Randy Safford, GPS Tracking CEO, said, "The merger will provide GPS Tracking with better access to the investor and business communities to provide the necessary funding to accelerate our rapid growth."
About Agri-Dynamics, Inc.
Agri-Dynamics, Inc. is a holding company providing management consulting services, incorporated under the laws of the State of Iowa. Its shares are currently traded on the over-the-counter market (OTC) and are listed on the Pink Sheets.
About GPS Tracking, Inc.
GPS Tracking is a minority-owned company providing internet-based vehicle tracking service to commercial vehicle operators and governmental agencies, especially law enforcement units, where its competitive products and services are proven to demonstrate a significant cost savings to its end users. The Company also targets internet consumer sales and specializes in "Teen Tracking," a personalized way to monitor how, when and where kids drive.
For more information please visit www.YouthDrivingSafe.com and www.TrackerTel.com.
SAFE HARBOR STATEMENT
Safe Harbor Statement under the Private Securities litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations. As statements regarding future events concern management's estimates of future results of operations, and these estimates are based on many elements beyond management's control, differences from management's estimates may occur, and such difference may be material.
Although Agri-Dynamics, Inc. believes the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Agri-Dynamics, Inc. or any other person that the objective and plans of Agri-Dynamics, Inc. will be achieved.
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