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BHFC(TM) Protects Loan Portfolio With BounceGPS(TM) From DataLogic International(TM)
IRVINE, Calif., May 5 /PRNewswire-FirstCall/ -- DataLogic International, Inc., (OTC Bulletin Board: DLGI; Berlin, Frankfurt Stock Exchange: 779612), a provider of GPS-based mobile resource management and secured mobile communications, today announced that customer BHFC in Phoenix, Arizona continues to reap benefits from its investment in BounceGPS. By installing BounceGPS collateral protection units in vehicles with higher risk loans, BHFC has been able to reduce loan portfolio risk and speed the recovery of vehicles with delinquent loans.
BounceGPS for Collateral Protection is an advanced vehicle tracking system that can be discreetly installed in cars, trucks, construction equipment and other mobile assets. Its low-cost and effectiveness provides an affordable method for automotive finance companies to mitigate loan portfolio risk by reducing the likelihood of loan default and speeding the return of delinquent collateral.
When a repossession is required, BHFC merely contacts the BounceGPS operations center, provides the VIN of the vehicle and the BounceGPS team does the rest. The location of the vehicle is determined and a repossession company is notified, resulting in an efficient, cost-effective recovery. Unique to BounceGPS is the Predictive Positioning(TM) feature which assists repossession agencies by identifying the time and place for a repossession.
BHFC Owner Tom Medaglia commented, "Since using BounceGPS we've had to repossess at least a dozen vehicles. In some cases those cars were recovered in less than 30 minutes from contact to recovery. To say we're getting value for our investment is an understatement. And we're seeing a significant reduction in delinquency on BounceGPS equipped vehicles."
BHFC has a successful BounceGPS for Collateral Protection rollout to more than 100 collateralized vehicles and continues to add new units monthly.
Keith Moore, Chairman and CEO of DataLogic International commented, "We are proud to have BHFC as a premier customer. BHFC's decision to invest in BounceGPS is further evidence of our commitment to quality, value and customer service."
About DataLogic International, Inc.
DataLogic International, Inc. provides communications solutions and consulting services to a wide range of U.S. and international commercial enterprises and governmental agencies. DataLogic provides complete GPS and location based services to rapidly growing markets such as vehicle and asset tracking, public safety and homeland security. The Company offers a cost-effective, fully integrated tracking system for a wide range of markets. DataLogic also provides secure mobile communications, video communications as well as Information Technology and consulting services. For more information about DataLogic International, please visit http://www.dlgi.com/.
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies and prospects, both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as: believe, expect, anticipate, should, planned, will, may, intend, estimated, and potential, among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions, the market performance of acquired business entities and assets and other factors such as, but not limited to, those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to DataLogic International or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
ISIN: US23804Q1022
Media Contacts:
David K. Daniels, Vice President of Marketing
DataLogic International, Inc.
+1-602-614-8025
ddaniels@dlgi.com
DataLogic International, Inc.
CONTACT: David K. Daniels, Vice President of Marketing of DataLogicInternational, Inc., +1-602-614-8025, ddaniels@dlgi.com
Web site: http://www.dlgi.com/
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