Dallas, TX (PRWEB) February 14, 2011
Paragon GPS Inc., a technology developer of GPS/RFID based consumer and industrial products used for location tracking of people, assets, vehicles, and pets announced today the Company’s CEO John Harris has now increased his equity stake in the Company and has become an equal principle at the Company.
Paragon Chairman Charles Skylis stated, “I am delighted to have John Harris as an equal partner and he has demonstrated a stellar job in taking Paragon from its growth status in 2010 to an upcoming explosive player in the GPS tracking arena this year. I am also greatly appreciative of the trust and faith that John has placed in this Company and for increasing his equity holding to be at par with myself.”
Mr. Harris is the former President of San Francisco based Miracle Systems Inc., a consumer products startup that grew into the market leader and divested in 2010. Prior to Miracle, Harris was President/CEO of San Jose based Rangestar Wireless Inc., an RF Engineering and wireless technology startup where he successfully raised over $40m in financing with Dell Computer, Intel Corp and several VC firms. Rangestar grew to become the world’s largest employer of RF Engineers. The company was divested to Tyco Electronics where it continues in operation. Harris has also held senior executive level management positions with Mitsubishi Electronics and Uniden America.
About Paragon GPS Inc:
Paragon GPS is a consumer products technology company engaged in the research, development and distribution of Location-Tracking Devices. Paragon’s product mix of AssetTracker, PeopleTracker, CarTracker, KeyTracker and PetTracker utilize global positioning satellites to conveniently and accurately track the location of any asset, person, pet or mobile object.
Paragon GPS is headquartered at 16950 Dallas Parkway, Dallas, TX 75248 USA Tel: 972.733.3349
For More Info visit http://www.paragongps.com or write to: info(at)paragongps(dot)com
Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Paragon GPS Inc., does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.