GPS Closes Private Financing

January 2007

	GPS Industries, Inc. (OTCBB: GPSN) is the leading innovator of Wi-Fi enabled GPS systems for golf facilities and residential communities
	GPS’ patented solution has reinvented the application of global positioning to the game and the business of golf by enhancing both a golfer's game and a course's profitability
	TM Capital was retained by GPS to evaluate the Company’s financing alternatives, including raising private capital to fund growth initiatives
	GPS closed a $15.7 million investment in Preferred Stock with Great White Shark Enterprises and Leisurecorp LLC
	TM Capital acted as financial advisor to GPS in connection with this transaction

Press Release