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R.A.N.K.I.N. Technologies Announces Immediate Success in New Market

17 February 2000

R.A.N.K.I.N. Technologies Inc. Announces Immediate Success in New Market

    MONTREAL--Feb. 17, 2000--Rankin Technologies Inc. (CDNX:BMG.A) (http://www.vehicletracking.com) is pleased to announce that it has successfully tracked and recovered the first Boomerang-equipped vehicle stolen in British Columbia, a new market of distribution for the Boomerang device.
    The Auto Theft Task Force, an independent police force comprised of officers from the RCMP and local police agencies responsible to the Attorney General's Office, stated in a press release issued February 15, "This is the first time in B.C. where this cellular based vehicle tracking technology has been used to recover stolen property." The stolen vehicle, valued at $35,000, was recovered within 1 hour of being reported to the Boomerang tracking team and led to the recovery of a $5,000 ATV stolen from Alberta.
    Rankin has been selling and distributing the Boomerang device in the Quebec and Ontario marketplace since 1996 and has over 14,000 active Boomerang customers. The Boomerang has led to recoveries valued over $21 million in 1999 alone. Over 500 vehicles have been recovered with the assistance of the Boomerang tracking technology.

    Company Background

    Rankin Technologies Inc. markets and distributes the Boomerang, a proprietary product utilizing technology patented by the Company. The Boomerang is the central device in a cellular-based asset tracking system capable of locating stolen automobiles, heavy equipment and valuable objects. Utilizing the cellular systems of major regional telecommunications companies, the Boomerang is capable of functioning indoors, underground, inside metal freight containers and in many other previously inaccessible locations.

    Boomerang is a registered trademark of Rankin Technologies Inc. It's headquarters and production facilities are located in Montreal, Quebec. Rankin products are sold and distributed in the provinces of Quebec, Ontario, British Columbia and in the Dominican Republic. Rankin Technologies Inc. shares are traded on the Canadian Venture Exchange (CDNX) under the trading symbol "BMG.A".

    The Canadian Venture Exchange (CDNX) neither approves nor disapproves of the information contained herein.