MicroTRAKgps Announces over Subscription of Private Placement

DALLAS--Dec. 3, 20050, 2005--MicroTRAKgps, Inc. (Pink Sheets:MIOK), a leading provider of Global Positioning Systems (GPS) technology and products, today announced the over-subscription of its private placement announced August 5, 2005, and subsequent closing on the full amount.

In connection therewith, the Corporation has issued 200 Units for aggregate proceeds of $1,000,000. Each Unit consists of one (1) Common Share of the Corporation and one (1) Share Purchase Warrant. Each warrant is exercisable for one (1) Common Share upon payment of $.75 and expires on December 5, 2006.

The market acceptance of the private placement demonstrates the potential for MicroTRAK in this exciting field where GPS, Internet and cellular technologies merge to meet growing consumer and business demand. The funds from the proceeds of this issuance will be used for working capital, increased product manufacturing and an accelerated marketing program rollout.

"We are pleased with the expression of interest by the investment community. The oversubscription of the private placement is consistent with the increased attention paid by investors to the Telematics marketplace," said Jerry Grisaffi, founder and president of MicroTRAK. "The successful completion of this private placement will allow us to expand our sales and marketing efforts nationwide. We continue to take the necessary steps to deliver growth and value for our shareholders and achieve exciting new milestones and successes for MicroTRAK."

BarronMoore, Inc., based in Dallas, TX, acted as the exclusive placement agent for the transaction. The common stock and accompanying warrants were sold pursuant to Regulation D under the Securities Act of 1933, as amended. The common stock and warrants have not been registered and may not be offered or sold in the United States absent registration or an application exemption from registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities of the Company.

About MicroTRAKgps, Inc.

MicroTRAKgps, Inc., based in Dallas, Texas is a leading provider of Global Positioning Systems (GPS) technology and products that utilize in-vehicle hardware and wireless location services. Founded in 2001, MicroTRAKgps has combined the ubiquitous coverage of GPS with the nationwide Cellemetry cellular network and 24/7 automated web and telephone accessibility to provide real-time wireless location and tracking, emergency assistance, stolen vehicle recovery and many other personal and fleet management purposes. MicroTRAKgps' product lineup, available at participating automobile dealerships, includes AutoGUARD, AutoTRAK, FleetGUARD, StreetTRAK and GenTRAK.

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 and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although MicroTRAK Inc. believes that 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 MicroTRAK Inc. or any other person that the objective and plans of MicroTRAK Inc. will be achieved.

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