Guardian Mobile Monitoring Systems, Inc.
Secures Over USD $3 Million Series B Financing
Investment to fuel sales growth and product development
of Guardian’s GPS platform
VANCOUVER, BC., June 6, 2007 – Guardian Mobile Monitoring Systems, Inc., the leading provider of turn-key GPS solutions for the monitoring of assets, vehicles and loved ones, is pleased to announce the first closing of its Series B round of financing. This round represents the company’s first institutional round of funding and was led by BC Advantage Funds, along with leading angel investors and software executives from Vancouver and across the United States. In conjunction with the financing, David Raffa will be joining the Board representing BC Advantage Funds, joining Greg Peet, the Company’s Chairman of the Board and John Mack, CEO of USBX Advisory Services in Los Angeles, as non-executive directors.
“We have been watching the evolution of the location based services market for the last several years, and we believe all the elements are in place for widespread commercial and consumer adoption,” commented David Raffa, Partner and Chief Operating Officer of BC Advantage Funds. “Guardian has the right team, technology and distribution strategy to capitalize on this enormous opportunity and we are excited to help continue to grow this world-class organization.”
“We are pleased to welcome David and the BC Advantage team to Guardian,” stated John Tedesco, President and CEO of Guardian. “Growth in the market for GPS solutions is accelerating rapidly. This financing will enable Guardian to extend our leadership position within the security alarm vertical and to expand into other reseller markets, including internationally.”
Guardian’s patent-pending GPS platform is built to work with any wireless network in the world using any location technology, including those from industry leaders such as Trimble (NASD: TRMB), Qualcomm (NASD: QCOM) and SiRF (NASD: SIRF). The multi-tenant, multi-tiered architecture of the system enables resellers to offer branded GPS-based monitoring services to commercial and consumer customers. Solutions range from covert asset tracking and fleet & equipment management to family safety applications, including teen driver monitoring.
About Advantage
BC Advantage is the largest and fastest growing venture capital corporation in British Columbia. Advantage offers everyone in British Columbia the opportunity to invest in some of the Province's most promising life science and technology companies. For more information about Advantage, please visit www.bcadvantagefunds.com.
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About Guardian Mobile Monitoring Systems
Founded in 2002, Guardian Mobile Monitoring Systems, Inc. is the leading provider of turn-key GPS solutions for the monitoring of assets, vehicles and loved ones. Guardian’s web-based system enables reseller partners to offer mobile monitoring services to their consumer and commercial customers for security, productivity and family safety applications. Guardian is a privately held corporation based in Vancouver, British Columbia with U.S. operations headquartered in Santa Monica, California. For more information, please visit www.guardianmms.com.
Company Contact:
Rob Goehring
Vice President, Marketing
Guardian Mobile Monitoring Systems, Inc.
604.683.3106
rgoehring@guardianmms.com
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