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December 28th, 2007
GPS Industries Receives $4M Payment From Dubai Based Investor

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GPS Industries, Inc. a provider of WiFi-enabled golf management systems, announced today that it has received from Leisurecorp LLC $4,000,000 representing the final installment payment on Leisurecorp’s $10,000,000 investment under the May 2007 Securities Purchase Agreement. “We are grateful for Leisurecorp’s continuing support of our business and restructuring efforts,” stated Douglas Wood, GPSI’s Chairman and Chief Executive Officer. “The total investment from our Dubai based shareholder is now $20,000,000.”

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