LAS VEGAS, Aug. 18 /PRNewswire-FirstCall/ -- Columbus Geographic Systems (GIS) Ltd. ("Columbus") (Pink Sheets: CGSE) announced today that it has completed a successful round of meetings with German auto manufacture Mercedes Benz, at Mercedes offices in Stuttgart Germany, in response to Mercedes Benz's interest in the Ranger, Columbus' off-road navigation system. Negotiations between Columbus and Mercedes Benz will continue.
This announcement follows the company's announcement dated January 18, 2008 regarding interest expressed by the procurement department of Mercedes-Benz in Ranger as an advanced navigation solution for drivers operating in cross-country and off-road environments. Mercedes-Benz is now moving forward to the next stage of more comprehensive testing by its Electronics Division.
"Our meeting with Mercedes executives was very positive," noted Columbus CEO Tsvika Freidman. "Columbus and Mercedes discussed compatibility issues between Columbus' Ranger and Mercedes' vehicle computers. Mercedes executives received detailed specifications of the Ranger and examined a customized Ranger demo covering the Stuttgart region, prepared specifically for Mercedes. I am pleased to state that Mercedes was impressed with our product, and asked Columbus to address several additional issues to facilitate the integration of the Ranger in Mercedes vehicles. We agreed to meet again to promote this issue further."
"Leading auto manufactures such as Mercedes-Benz are looking for navigation solutions for the in-car PC system fitted in each new vehicle. Our product, Ranger, clearly meets this need for an off-road navigation solution, particularly for truck and 4x4 cross-country vehicle drivers," says Columbus CEO Tsvika Freidman. "These contacts with Mercedes-Benz are a critical element of our strategy to establish Ranger as the leading off-road navigation solution integrated in new vehicles. We are optimistic following the initial trial results and look forward to working with Mercedes-Benz as well as other leading global auto manufacturers."
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/.
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.
