Jul 8, 2009
Agri-Dynamics, Inc. through its wholly owned subsidiary, The GPS Tracking Network, Inc., is leading provider of GPS-based tracking and location services. Agri-Dynamics, Inc. also provides commercial businesses and governmental entities, including law enforcement units.
Agri-Dynamics, Inc.
GPS Tracking Network
9101 LBJ Freeway Suite 650,
Dallas, Texas 75243
Market Data
Price: $0.68
Market Cap: $ 40.8 M
Out Shares: 60 M +/-
Exchange: OTC.PK
Stock Chart
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Overview
Agri-Dynamics, Inc. (AGDI.PK) has acquired all the common stock of The GPS Tracking Network, Inc. (GPS Tracking), a minority owned Nevada corporation, with principal offices in Dallas, Texas. GPS Tracking is a leading provider of GPS-based tracking and location services to consumers, commercial businesses and governmental entities, including law enforcement units. The merger will provide GPS Tracking with better access to the investor and business communities to accelerate our rapid growth.
The GPS Tracking Network was formed in 2008 to become the premier minority owned GPS company in the nation. With its focus on the Fleet and Governmental agencies, city, county and state. The GPS Tracking Network has found the niche in the GPS market place. It already has over 1000 GPS active devices on the road today. With the ever increasing demand for GPS products and it’s headquarters in Dallas, Texas, The GPS Tracking Network intends to take advantage of the good Texas economy in these troubling times.
-Business Background-
The GPS Tracking Network (“GPS Tracking” or the “Business”) is a private, minority owned company, founded by Randy Safford to provide an internet-based vehicle tracking service to commercial vehicle operators and governmental agencies. The operation also targets internet consumer sales and specializes in “Teen Tracking”; a unique way to monitor, how, when and where kids drive. The business was incorporated in Nevada, January 2008. With offices at 9101 LBJ Freeway, Suite 650, Dallas, Texas 75243. “GPS Tracking” is one of the few minority owned GPS tracking companies in the United States.
-The Market-
With units available for less than $300, global positioning system (GPS) receivers are now affordable to the masses, enabling applications unthinkable just 18 months ago. These emerging applications, plus renewed growth in existing markets, will help propel the global GPS market above $22 billion by 2009, according to technology market research firm ABI.
GPS consists of a cluster of two-dozen satellites enabling devices to pinpoint their location within feet of their actual location. New applications on the rise include people tracking, automatic vehicle location (AVL), asset tracking, and recreational use. The industry has been given a further boost by the E911 initiative in the United States, as wireless carriers look to GPS to enable positioning to meet the Federal Communication Commission's mandate. "On the automotive platform, GPS has enabled a host of new telematics applications, from tracking a teen's use of the family car to automatic tax collection for interstate trucking companies," states Frank Viquez, Director of Automotive Electronics at ABI. "GPS is the engine driving much of the telematics industry," he adds.
Products and Services
“GPS Tracking” provides vehicle tracking services via the Internet. The principle benefits of the service include:
· A daily vehicle literary log
· Rapid Acceleration Alerts
· Speed Alerts
· Hard Breaking Alerts
· Maintenance Schedules
· Engine RPM Monitoring
· Geo Fencing
· Theft Alerts
· Nationwide Coverage
· Real Time Vehicle Tracking
· Real Time Alarms and Alerts
Customers subscribe to these services for a period of between one and five years, in addition to purchasing or leasing the tracking system that is fitted in the vehicle. The subscription price is $18.95-$39.95 per vehicle per month, and the list price of the unit is typically $399.00 including installation.
-Customers-
“GPS Tracking” has an installed base of over 600 units in its customer base. The business focuses on the light commercial vehicle sector and governmental sector where its product and services are proven to demonstrate significant cost savings to its users.
Investment Consideration
-A Growing Market-
With penetration of approximately 15%, the market for vehicle tracking systems is set to expand at a rapid rate as users continue to recognize the cost savings and operations efficiencies that can be achieved from vehicle tracking devices. Furthermore, road charging, pay-as-you-drive insurance and Government tax and legislative requirements will provide additional impetus to what is already a market with strong growth potential.
-Proven Technology and Products-
“GPS Tracking” uses developed products and systems that stay ahead of the competition. With their expertise in the market they can respond with product and services that their customer needs.
Every year, according to Allstate Insurance close to 6,000 teenagers are killed in car crashes and nearly 300,000 are injured. Parents who use their Teen GPS Vehicle Tracking Services and a teen driving contract with time restrictions and Geographic limits can help change these statistics and keep their teen driver safe. They provide “Real-Time” Teen GPS Vehicle Tracking Services and “ Real-Time” GPS location service to the parents of first-time teen drivers. Their “Real-Time” GPS Vehicle Teen Tracking Services and “Real-Time” GPS tracking system harnesses the power of the GPS satellite network, cellular communications, the Internet and a personal computer.
Trackers GPS is a fleet asset tracking solution that allows clients to control cost, increase productivity, increase speed of service and employee safety. The TrackerTel GPS tracking system allows the maximization of fleet efficiency, deploy equipment, field service and sales personal quicker in day to day operations.
Their TrackerTel GPS Fleet Management System offers and affordable, up to the minute GPS solution in one package. Now any company can harness the power of GPS, wireless and cellular communications, the internet and personal computer to revolutionize your business. TrackerTel products brings vehicle location, mobile asset management and speed of service into the 21st Century.
The GPS Tracking Network, Inc., has completed the initial installation of GPS units on Dallas, County, TX vehicles. GPS Tracking won the Dallas County contract to provide GPS tracking service awarded March 8, 2009. So far, GPS Tracking Network has installed over 300 trackers at a value of over 100,000 dollars. CEO, Randy Safford, believes the contract will include all the 1,100 plus vehicles owned by Dallas County and will be worth well over a half million dollars. This is one of many City, County and State contracts that GPS Tracking will be bidding.
The GPS Tracking Network, Inc., is providing GPS tracking to the Yellow Cab Company of Dallas, Texas. Yellow Cab operates over 1,400 vehicles and selected GPS Tracking Network to provide tracking and management reporting services. The Yellow Cab Company selected GPS Tracking because of their superior service and their dedication to Yellow Cab’s business problems. Cabs need communication and management tools that are reliable and state of the art.
Leadership
Randolph Safford - President and CEO
Mr. Safford's communication experience spans over two and half decades starting in the two-way radio business. He began as Sales Manager with Metroplex Two-Way Radio, which led to Vice President of Sales and Service for Champion Communication Services, Inc., a publicly traded company with 5 domestic offices and 2 international offices in Southeast Asia. He eventually became the co-owner of three Sprint-Nextel retail stores helping him gain the knowledge of a company's need for mobility and the need for communicating with the mobile vehicles. He then expanded into what is today's most valuable asset for any company that has fleet vehicles on the road. Growing with technology, from two-way radio communication to wireless communication, his expertise is invaluable as the founder and owner of GPS Tracking Network, Inc. The company's GPS tracking and monitoring systems provide commercial business with management and asset capabilities for their real time solution needs and provides our consumer clients with their tracking and monitoring concerns, such as first time drivers with real time alert to speeding and geo-fencing validations. Mr. Safford graduated from Central State University of Wilberforce, Ohio with a BBA in Business Administration.
Walter Stock - Executive Director
Mr. Stock was a Founder and former CFO, in 2003, of the Tracking Corporation (formerly MicroTrak, Inc.), a publicly traded corporation that owns MicroTrak GPS, Inc., a provider of GPS technology based tracking and monitoring products and service to both commercial and consumer clients. As a Certified Public Accountant for over thirty years, Mr. Stock has had direct responsibility for providing accounting, auditing and tax services to individual and corporate clients. He participated in public registrations with the Securities and Exchange Commission and the preparation of private placement offerings. Specific industry knowledge, experience and expertise include: apparel manufacturing and sales, building and construction, commercial banking, direct sales, insurance, light manufacturing, warehousing and distribution. In addition, he has participated in anti-trust and other civil litigation as an expert witness and consultant to legal counsel. He is a past Chairman of the insurance committee for the American Institute of CPA's (the national organization of over 250,000 Certified Public Accountants). The AICPA Plan grew from fifteen million dollars to over one hundred and seventeen million dollars in annual premiums during the five years of his Chairmanship. He was also Chairman of the Texas Society of CPA's life and health insurance program. Mr. Stock graduated from the University of Houston with a BBA in Accounting and Math.
News
· GPS Tracking Network, Inc. Acquired by Agri-Dynamics, Inc. in Merger Transaction
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