FOR IMMEDIATE RELEASE
Increased Service, Higher Demand for Digital Video Technology Behind
Gatekeeper’s US Expansion
Abbotsford, BC March 27th, 2018 – Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSX.V: GSI; OTC: GKPRF; FSE: 1GK) is pleased to announce that it has formed a new subsidiary, “Gatekeeper Systems USA Inc.”, registered in the State of Delaware. The new company is a wholly-owned subsidiary of Gatekeeper Systems Inc.
Gatekeeper Systems USA Inc., has been created as a division providing sales and service and to meet Buy America regulations. It will also increase operational capabilities south of the border for the company’s highly successful digital video technology systems. The new American subsidiary will seek opportunities within the public transit market, as well as build on its service and maintenance capabilities for its school bus fleet customers.
President and CEO Doug Dyment said, “Our business is showing signs of growth in the transit market as authorities use digital video technology to provide a safe passenger experience and manage their fleets and resources. This puts us closer to our customers and to major metropolitan hubs, which will allow us to offer higher levels of customer service and develop new business. And with our new US presence, we will also fulfill Buy America regulations”.
Gatekeeper has approximately 100,000 cameras installed on school and transit buses throughout North America and has expanded its business to include customers such as the United States Air Force, defense contractors, and law enforcement agencies. It serves more than 3,500 customers, in every province and state across North America.
About Gatekeeper Systems Inc.
Gatekeeper provides high definition video integrated with GPS and vehicle sensors for mobile applications including school, transit buses, law enforcement and military applications.
The Company is headquartered in Abbotsford, British Columbia, Canada, and its shares are traded on the TSX Venture Exchange under the symbol “GSI”, on the OTC Markets under the symbol “GKPRF”, and on the Frankfurt Stock Exchange under the symbol “1GK”.
For more information visit: www.gatekeeper-systems.com.
On behalf of the Board,
President & CEO
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, including projected sales and revenue, plans, objectives, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, including that new contracts will be awarded as expected by management and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including the Company not being awarded new contracts and being unable to realize expected sales or revenues. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information, except in accordance with applicable securities laws. To the extent that any forward-looking information constitutes future-oriented financial information or financial outlooks within the meaning of securities laws, such information is being provided to inform the reader of the potential financial impact of expected results and may not be appropriate for other purposes. We seek safe harbour.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.