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GPSNQ WOW 590 million OS shares and Greg Norman

Tuesday, September 28, 2010GPS Industries, Inc. To Emerge From Bankrutucy
GPS Industries, Inc.
http://www.gpsindustries.com/index.asp
http://www.shark.com
Share structure:
Shares outstanding: 590.8M
Market Cap: 413.6k
52 Week High 10/16/09 $0.01
52 Week Low 7/12/10 $0.0002

http://www.realpennies.com/otc/GPSNQ
Headquartered in Sarasota, Florida, GPS Industries, Inc. (GPSNQ), develops, manufactures and sells new and refurbished cart-mounted GPS distance measurement devices along with the related infrastructure for use with golf course operations, and provides service required to properly maintain the units. Golf courses benefit from GPSI`s systems through increased customer satisfaction, improved course management, potential revenue generation and enhanced safety.
In addition to their corporate headquarters, GPSI Holdings has two additional offices in the US and one office in England. Founded in 1995, the company was formerly known as Inforetech Wireless Technology, Inc. and changed its name to GPS Industries Inc. in 2004.
Led by a new management team, which includes golf industry veterans, and experts in the public financial industry field, GPS Industries is primed to emerge out of Chapter 11 bankruptcy with a strong balance sheet and a clear plan to pay its debtors.
Heading up GPS Industries, Inc.’s Board of Advisors and a stakeholder in the Corporation is Greg Norman, a World Golf Hall of Fame inductee, and a legend in both the game and the business of golf. With over $1.5 billion in projects under development, his golf course design company is one of the fastest growing in the world. Founder, Chairman and CEO, Robert C. Silzer, Sr. has hand-selected eight additional well-known advisors including Jeff Lurie, currently the owner of the Philadelphia Eagles NFL football team and Dr. Howdy Giles, formerly the business manager to Arnold Palmer and currently a US Golf Association committeeman and USGA rules official, officiating at most major USGA events.
Management Team Biographies:
http://www.gpsindustries.com/downloads/GPS_Biographies.pdf
Bankruptcy Details
• GPS Industries, Inc. entered into business reorganization proceedings on August 5, 2009.
• GPS Industries, Inc. has secured DIP Financing from the Tulip Group Investments, Ltd. to meet is financial obligations through confirmation.
• After confirmation of the Plan, the reorganized Debtor intends to enter into a business combination, whereby it would receive the assets of a competitor in exchange for debt and equity. The potential parties to this transaction have executed a confidential, non-binding term sheet and are in the process of negotiating its details and completing due diligence.

Product information:
http://www.gpsindustries.com/V2salesdemo/demo_index.html
Posted by SpartanStocks300