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Columbus Broadens Efforts in Vehicle Sector: Discussions with Sixt, Global Car Rental Company
LAS VEGAS, Feb. 25 /PRNewswire/ -- Columbus Geographic Systems (GIS) Ltd. ("Columbus") (CGSE.PK) announced today that they are holding discussions with the German office of Sixt AG, a global player for car rentals, leasing, and used cars.
Sixt has expressed interest in offering Ranger, Columbus' advanced off- road navigation system, in its fleet of cross-country 4x4 vehicles. This will enhance the features and services Sixt offers their customers when renting or leasing a vehicle. This can give Sixt a further advantage in the very competitive car rental market. Sixt is now conducting trials with a full version of Ranger. Based on these trials they will determine in which vehicles to offer this navigation solution.
"We are seeing growing consumer demand for in-vehicle navigation systems in the United States and Europe. Our system, Ranger, is the leading navigation solution for the off-road environment. Until now we have held discussions with a number of leading global car and truck manufactures to include our system in their new vehicles. We are now pleased to broaden our efforts to include discussions with leading car rental companies such as Sixt," commented Columbus CEO Tsvika Freidman.
About Columbus Geographic Systems
Columbus Geographic Systems (GIS) Ltd. is a rising player in the field of geographic information systems (GIS) and navigation applications. The Company brings advanced software capabilities to a wide range of users and devices, previously only accessible to trained professionals on dedicated devices.
Main products:
-- Highly-effective off road, outdoor GPS navigation tools, working on a full range of devices including Car PC, PDA, and Personal Navigation Devices (PND), with options for 3D imaging.
-- Innovative, affordable GIS tools easily used in a range of applications, including businesses, agriculture, surveys, and government agencies.
-- Aerial GIS applications for military and civilian aircraft operating in complex or threatening environments. For more information, please visit http://www.columbusgis.com/.
About Sixt
Sixt AG, based in Germany, is an international provider of high-quality mobility services. Together with licensees and partners, the Company, which was founded in 1912, is present in over 85 countries with 3,500 service points. Sixt is the market leader in car rental in Germany and Austria and one of the largest full-service leasing providers independent of any manufacturer. The Sixt Group generated sales revenues of EUR 1.4 billion in 2006 and employs approx. 2,200 people (not including licensees) worldwide.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward- looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward- looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
Columbus Geographic Systems
CONTACT: Columbus Geographic Systems (GIS) Ltd., +972-8-8601001,info@columbusgis.com
Web site: http://www.columbusgis.com/
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