FOR IMMEDIATE RELEASE:
MEDIA CONTACTS:
Dan Chicoine
Gabriel Technologies Corp.
402.614.0258
dchicoine@gabrieltechnologies.com
Gabriel Technologies
Announces Distribution Contract With VIPAR Heavy Duty
Omaha, Neb, June 8, 2005 –
Gabriel Technologies Corp (OTCBB: GWLK), a homeland security focused
company serving the transportation industry, announced today that
VIPAR Heavy Duty has been appointed as lead distributor of Gabriel’s
patented WAR-LOK™ physical security transportation product
line.
Based in Crystal Lake, IL, VIPAR Heavy Duty is North America’s
leading network of aftermarket truck parts wholesale distributors
with over 700 locations across the United States, Canada and Puerto
Rico. The combined VIPAR Heavy Duty stockholders (distributors)
sell in excess of $1 billion in parts to the heavy duty truck
industry annually. VIPAR Heavy Duty is a privately held company
that has posted successive years of double-digit growth.
Keith Feilmeier, president and CEO of Gabriel Technologies Corp,
said, “The continued success of our modified business model
has been to identify potential distribution companies within the
transportation industry and partner with these market leaders
to further the reach and sales of our WAR-LOK™ product line.
We chose VIPAR Heavy Duty to be the major distributor of the WAR-LOK™
product line to the U.S. market based on their proven history
and market presence. Our goal is to account for 1% of annual sales
for VIPAR Heavy Duty over the next year.”
Under the terms of the two-year agreement, VIPAR Heavy Duty will
distribute the WAR-LOK™ t-Series (trucking) and the WAR-LOK™
i-Series (intermodal) product lines.
“The WAR-LOK™ product line is a solid fit with our
existing portfolio of trucking products because of its high quality
and the obvious security needs of the industry. We look forward
to a successful, long-term and mutually beneficial relationship
with Gabriel Technologies and their WAR-LOK™ product line,”
said Steve Badowski, program manager of VIPAR Heavy Duty.
VIPAR Heavy Duty Distributors are specialists who understand the
demands of their local, regional and national customers for quality
parts and exceptional service. For more information on VIPAR Heavy
Duty visit www.vipar.com
or contact them at (815) 788-1725.
About Gabriel Technologies Corporation:
Gabriel Technologies of Omaha, Neb., www.gabrieltechnologies.com,
develops proprietary technology for, manufactures and sells, a
series of physical locking systems for the transportation and
shipping industries collectively known as the WAR-LOK™ Security
System. Security has evolved substantially in recent years due
to increased risks from theft and terrorism and with the implementation
of the award-winning WAR-LOK™, Gabriel Technologies provides
cost efficient security measures to prevent national and global
theft and homeland security issues. Gabriel Technologies’
mission is to provide the highest quality security products available
to the transportation and shipping industries – by creating
innovative, proven technologies that can be implemented on a realistic
basis. Gabriel also has two subsidiary companies; a new generation
aGPS company, Trace Technologies, LLC, www.trace-tech.net,
and a security consulting firm, TRSC Ltd, www.trscltd.com.
SAFE HARBOR Information in this news release may contain statements
about future expectations, plans, prospects or performance of
Gabriel Technologies Corporation that constitute forward-looking
statements for purposes of the safe harbor provisions under the
Private Securities Litigation Reform Act of 1995. The words or
phrases ``goal,'' ``can be,'' ``expects,'' ``may affect,'' ``believed,''
``estimate,'' ``project,'' and similar words and phrases are intended
to identify such forward-looking statements. The company cautions
you that any forward-looking information provided by or on its
behalf is not a guarantee of future performance. None of the information
on this news release constitutes an offer to sell securities or
investment advice of any kind, and visitors should not base their
investment decisions on information contained in this news release.
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