Guidepoint(TM) Gets Additional Financing For Growth

GPS tracking & convenience operator obtains senior debt facility

PONTIAC, Mich., June 24 -- GPSi, LLC today announced it has closed a round of financing that will help further accelerate its growth as a leading provider of stolen vehicle recovery, driver safety and fleet management services.

The Pontiac, Mich.-based telematics operator of Guidepoint Systems(TM) said it has obtained a $1 million subordinated senior debt facility with Hennessey Capital, LLC, a Huntington Woods, Mich.-based finance and investment company. GPSi said the new credit facility, along with its existing line of credit and operating cash flow, will allow it to meet increased demand for the Guidepoint service in Mexico and North America.

"We are pleased to have secured this additional credit facility to support the rapid growth we've experienced since the introduction of our new digital technology earlier this year," said Rand Mueller, president and CEO of GPSi. "The market has embraced our new GSM-based technology, which offers faster and more reliable service to our customers throughout Mexico, the U.S. and Canada."

GPSi said its business in Mexico has more than tripled since February 2005, when it launched the new digital telematics system, which was developed in partnership with Cingular(R) Wireless. Guidepoint's Mexican distributor is GBR Technologies (http://www.gbr-tech.com/ ) and the units work in Mexico via roaming agreements with national carriers.

Guidepoint's North American business has increased more than 50 percent since it began shipping the digital units to distributors and installers in the United States three months ago. Guidepoint is sold through a network of nearly 500 new car dealerships in key metropolitan markets throughout the U.S.

"Our move from analog to digital service has mirrored other technologies that made a similar upgrade," Mueller said. "Consumers have embraced it because it works better and allows us to offer a wider range of services -- from fast, real-time tracking to delivering more content and services to the driver -- on a growing, reliable wireless network."

Michael A. Semanco, president of Hennessey Capital, said: "We are pleased to provide GPSi with additional capital to maximize the current opportunities in the marketplace. The Company's innovative technology, service and channel development strategy have helped establish Guidepoint as a fast-emerging brand in the market for driver safety and convenience. Guidepoint's recent introduction of the industry's first all-digital telematics system is another important development to help the Company deliver a premium experience for drivers."

About Hennessey Capital, LLC

Hennessey Capital is a relationship based finance company that provides working capital solutions and growth capital for small and mid-sized businesses. Hennessey combines its working capital solutions with business coaching, strategic planning and network capital. Transaction sizes start at $10,000. Industry focus includes automotive manufacturing, staffing services, information technology, advertising, distribution and transportation. Visit http://www.hennesseycap.com/ or call 248-658-3201 for more information.

About GPSi

GPSi develops and markets telematics solutions for the automotive aftermarket. Based in Pontiac, Michigan, GPSi draws on more than three decades of experience supplying mobile electronics to the automotive aftermarket, as well as 15 years experience in vehicle tracking. The Company's Guidepoint(TM) telematics service, which is available through leading auto dealers in the United States and Mexico, lets drivers access a range of safety, security and convenience options including 24/7 vehicle tracking, emergency dispatch, roadside assistance, discounted hotel and dining and more. Visit http://www.guidepointsystems.com/ or call 1-877-GPS-FIND for more information.