CANTON, MA—February 14, 2013—Last week at the NADA Convention & Expo, LoJack Corporation (NASDAQ: LOJN), the company that created the stolen vehicle recovery market, announced details surrounding its new fleet telematics solutions for automotive dealerships.
Beginning on March 1, LoJack Fleet Management Solutions Powered by TomTom will be available for dealerships that have parts and service fleets, loaner fleets and transport fleets. These powerful solutions will provide dealerships the opportunity to manage their fleets in a way that delivers lower operating costs while enhancing customer service. In addition to assisting dealerships with their own fleets, LoJack will be introducing a program for dealership fleet customers.
“We are excited about delivering these new fleet solutions to our dealer partners, as it will provide immediate value to their business and customers,” said Randy L. Ortiz, President and CEO of LoJack.
If a dealership is interested in learning more about how LoJack Fleet Management Solutions Powered by TomTom can benefit their business, please visit www.lojack.com/dealer or contact (877) 775-6522.
About LoJack Corporation
LoJack Corporation, the company that has helped more than nine million people protect their vehicles in the event of theft over the past 25+ years, today provides safety, security and protection for an ever-growing range of valuable assets and people. Leveraging its core strengths, including its well-known brand, direct integration with law enforcement and dealer distribution network, LoJack Corporation is expanding into new areas across the continuum from theft deterrence to recovery. The Company is focusing on creating a new level of value for its dealer, customer and investor communities by delivering innovative offerings, multiple technologies in expanding geographies.
Safe Harbor Regarding Forward Looking Statements
From time to time, information provided by LoJack or statements made by its employees may contain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements in this news release that are not statements of historical fact are forward-looking statements. You can identify these statements by use of the words “assumes,” “believes,” “estimates,” “expects,” “will,” “intends,” “plans,” “projects” and similar expressions that do not relate to historical matters. Such forward-looking statements are based on a number of assumptions and involve a number of risks and uncertainties that could cause actual results to differ materially, including risks associated with the continued and future acceptance of LoJack’s products and services, competition, LoJack’s relationships with dealers, licensees and agents, LoJack’s ability to respond to technological change to meet evolving customer needs, achieving the expected benefits from LoJack’s strategic alliance with TomTom, and changes in general economic or geopolitical conditions and conditions in the automotive retail market. For a further discussion of these and other significant factors to consider in connection with forward-looking statements concerning LoJack, reference is made to LoJack’s Annual Report on Form 10-K for the year ended December 31, 2011 and LoJack’s other filings with the Securities and Exchange Commission. Readers should not place undue reliance on any forward-looking statements, which only speak as of the date made. Except as required by law, LoJack undertakes no obligation to update any forward-looking statements.
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