MicroTRAK: GPS Tracking Devices – Looking for Continued Growth!
MicroTRAK – Stock Guru Profile MicroTRAK – PINKSHEETS: MIOK
MIOK experienced a record first quarter. Sales 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.
This represents a total turn-around from last year.
MicroTRAK GPS reported that they were preparing new products for shipment in the second quarter — so it is absolutely time to begin the anticipation of what those shipments will do for MIOK’s margins.
What we Know:
We Know: MIOK’s first Quarterly Report was April 12, 2007. This indicates somewhere around July 12, 2007, we should begin looking for their Second Quarter Report!
We Know: MIOK has stated their intentions to become a fully reporting company and hired a regional accounting firm with an expertise in the area of small publicly traded companies.
We Know: Fleet Management is an important sales target for MIOK.
We Know: GPS tracking products generate an ongoing revenue stream through the service features associated with tracking.
We Know: MIOK as part of a services contracted with Perot Systems Corporation completed enhancements that support improved customer service for the MicroTRAK GPS product line.
We Know: MicroTRAK GPS system does more than track vehicles and MIOK is actively pursuing clients outside of vehicle tracking.
We Know: Micro TRAK made a corporate decision to do what they do best which is run MicroTRAK GPS system.
We Know: MIOK contracted with other companies for distribution, installation, 24/7 call service and a service payment center.
We Look Forward to the second quarterly report and reviewing their progress!
Source: MIOK
MicroTRAK GPS
9101 LBJ Freeway
Suite 100
Dallas, TX 75243
Phone: (214) 361-8812
Toll Free: (877) 361-8813
Fax: (214) 594-5933
Email: sales@microtrakgps.com
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.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by he safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although The Tracking Corporation 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 The Tracking Corporation or any other person that the objective and plans of The Tracking Corporation will be achieved.
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