Dallas, TX (PRWEB) April 28, 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, resignation. Harris commented, "It’s been very gratifying to work together with Paragon in building a great enterprise that has such terrific potential, and I know that they will continue to move toward their goal of becoming a leading player in the GPS field.”
Paragon Chairman Charles Skylis stated, “This is an unfortunate event, however, the Company is committed to delivering quality GPS products for all applications and will look to get its prototypes to market later this year.” Skylis will resume his role as Founder, Chairman and CEO. Skylis also made a sneak preview stating there will be a future announcement coming up of a new Engineering Group that will be stepping in to accelerate product launch.
Paragon also re-located to new corporate offices recently and will be conducting an Open House in the upcoming months to meet Shareholders, Members of the Media and Engineers. The new facility will office the CE, CFO, VP Marketing, VP Engineering, VP Product Development and Administrative Staff.
The GPS/RFID sector is a multi-million dollar sector with no dominant player yet. Paragon has filed four patent applications encompassing multiple claims for superior technology and performance pertaining to Location Tracking and device design. The Company will pursue two new patents in 2011 that will protect the Triangulation Software Interface and Device Circuitry Design.
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 17311 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.
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