2016-07-27 -NR - Gatekeeper Announces New Purchase Orders of $2.255 Million
FOR IMMEDIATE RELEASE
Gatekeeper Announces New Purchase Orders of $2.255 Million
Abbotsford, BC July 27th, 2016 - Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSX.V: GSI; OTC: GKPRF; FSE: 1GK) is pleased to provide an update on the continued sales momentum as the fourth quarter ending August 31, 2016 approaches. Further to its press release dated June 21, 2016 where the Company reported an aggregate of $1.686 million CDN in backorders, it has received additional purchase orders totaling approximately $2.255 million CDN during the period of June 22, 2016 to July 20th, 2016.
President and CEO Doug Dyment stated, “Customer acceptance of our high-definition platform, wireless connectivity solutions and service systems are gaining momentum in our base business. Shipped sales, new orders and the growing backlog indicate our business strategy is working – our Gatekeeper team is working hard to deliver positive results as we enter into the last six weeks of the fourth quarter.” Dyment also added, “The diverse product line we have brought to market over the past two years is attracting new partners and driving strong interest with end users providing a base for future growth.”
The Company also announces that it has granted, subject to regulatory approval, an aggregate of 1,096,250 incentive stock options under the Company’s Stock Option Plan to directors, officers, employees, and consultants of Gatekeeper. The Options will be exercisable at a price of $0.195 for a period of 10 years from the grant date, and subject to vesting provisions.
About Gatekeeper Systems Inc.
Gatekeeper provides innovative, end-to-end video safety and security solutions for mobile applications including body cameras, in-car police video systems, school bus video and stop arm camera video enforcement systems, transit bus video systems, and airborne digital recording systems for 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
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.