LOJN---12.38 UP .49-- LO-JACK CORP
LoJack Reveals 2007 Top Recoveries of Stolen Motorcycles
1/30/2008
Organized Crime Rings Continue to Fuel Theft; Trend of Selling Stolen Parts Online Persists
WESTWOOD, Mass., Jan 30, 2008 /PRNewswire-FirstCall via COMTEX News Network/ --
LoJack Corporation (Nasdaq: LOJN) today unveiled its annual wrap-up of the year's top recoveries for 2007 involving the LoJack For Motorcycles recovery system. These stories underscore that organized crime rings continue to fuel the growing problem of motorcycle theft. The most recent figures from the National Insurance Crime Bureau indicate that motorcycle theft has jumped a full 137 percent since the year 2000. The recovery stories of 2007 also revealed that today's thieves continue to leverage newer mediums -- such as the Internet -- to sell stolen parts and make a profit from this lucrative crime.
"Once again, this year's best recovery stories highlight that sophisticated crime rings are often behind motorcycle theft and that owners need to do everything possible to protect their bikes," said Ronald V. Waters, LoJack's President and COO. "Today's owners need to be vigilant not only about where they park their motorcycles and how they protect them, but also from what sources they are buying parts and accessories, as evidenced by the growing number of thieves who are selling stolen parts online. We're proud that the LoJack System has been so instrumental this year in helping police bust chop shops and theft rings across the country and apprehend the criminals behind this crime."
Below are LoJack's top motorcycle recoveries for 2007:
-- "Biggest Single Chop Shop Recovery" - One LoJack-equipped Suzuki GSX-
R600 led Orlando, FL area police and auto theft investigators to
discover a chop shop with 11 other non-LoJack equipped motorcycles, 8
motorcycle frames, multiple motorcycle parts and tools, with a total
value of $200,000.
-- "Fastest Motorcycle Recovery" - In this recovery, a Yamaha YZF750 was
stolen from a locked garage in a gated community outside Denver, CO.
Fortunately, the owners also equipped the bike with LoJack and area
police were able to find the bike only SIX minutes after system
activation.
-- "Best Bust Reflecting the Trend of Selling Stolen Parts Online" - In
this recovery, a LoJack-equipped Suzuki GSX600 led Chicago area police
to a chop shop with not only multiple stolen motorcycles and engines,
but also hundreds of stolen motorcycle parts - all readied to be sold
online. Officers discovered that the thieves had more than 200
transactions of selling stolen parts online in the previous six months.
-- "Best Recovery From a Bike Rally" - In this recovery, the owner of a
Suzuki GSXR1000 had his bike stolen from a rally in North Myrtle Beach,
SC. Fortunately, he equipped the bike with LoJack and area police not
only recovered his bike within mere hours of system activation, but
also found multiple other stolen motorcycles.
-- "Best Recovery Showcasing Strength of RF Technology" - A stolen LoJack-
equipped Yamaha motorcycle led police in Fort Worth, TX to the bike's
location in a metal building. Thanks to LoJack's Radio Frequency
technology -- which operates even if the stolen asset is in a steel
container, under dense foliage or in a concrete building -- the bike
was recovered in only 12 minutes after system activation. This
recovery also uncovered a chop shop with other stolen bikes.
About LoJack Corporation
LoJack Corporation, the company that invented the stolen vehicle recovery market two decades ago, is the undisputed global leader in recovering valuable mobile assets. The company's time-tested system is optimized for recovering stolen mobile assets through its proven Radio Frequency technology and unique integration with law enforcement agencies in the United States that use LoJack's in-vehicle tracking equipment to recover cars, trucks, commercial vehicles, construction equipment and motorcycles. The company's Stolen Vehicle Recovery System delivers a 90 percent success rate for cars and trucks and has helped recover more than $4 billion in stolen LoJack-equipped assets worldwide. Today LoJack operates in 26 states and the District of Columbia, and in more than 30 countries throughout North America, South America, Europe, Africa and Asia.
CONTACT: Paul McMahon Jeanne Bock Laura Feng LoJack Corp. Tier One Partners Tier One Partners 781-251-4130 781-861-5249 978-975-1414
SOURCE LoJack Corporation
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