ABBOTSFORD BC, CANADA — Gatekeeper Systems, Inc. (TSX.V: GSI; OTC: GKPRF; FSE: 1GK) announced that Midwest Transit Inc., “MTE” of Kankakee, Ill., has chosen Gatekeeper to supply a minimum of $1.5 million of mobile video system products and services. The contract is for the 18-month period from July 1, 2018 to Dec. 31, 2019 and represents a commitment by MTE to specify and recommend Gatekeeper products and services on its own fleet, and for use by its customers.
Midwest Transit Equipment is one of the largest bus distributors in the U.S., with operating locations in Michigan, Illinois, Indiana, Kansas, and Missouri. The company is a distributor for IC Bus, a subsidiary of Navistar, as well as for Collins Bus, Starcraft, ElDorado, Elkhart Coach, Braun Corp., Berkshire Coach, and MV-1.
MTE President and CEO, John McKinney stated, “we are thrilled with our expanded relationship with Gatekeeper. Their technology roadmap, product line, and customer service programs are exactly what our team is looking for as we execute on our aggressive growth strategy throughout North America.” McKinney added, “our relationship with Gatekeeper expands beyond the technical side of the business to a trusted partner.”
McKinney is a former President of Navistar Global Bus and Vice-President, North American Truck Sales, where he led the sales and marketing efforts for Navistar’s $10-billion truck and bus sales in the USA and Canada. McKinney and an investment group led by Bridgewater Partners recently acquired Midwest Transit and is now looking to execute on an aggressive growth plan with both an organic and acquisition strategy throughout North America.
President and CEO of Gatekeeper Doug Dyment said, “John McKinney is one of our industry’s most respected individuals, and I couldn’t be more excited about our partnership. His aggressive growth plan into multiple mobile markets will give Gatekeeper an opportunity to expand our video platforms throughout all Midwest Transit’s new manufactured vehicles as well as existing vehicles.”
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
About Midwest Transit Equipment
Midwest Transit Equipment is one the largest bus distributors in the United States with operating locations in Michigan, Illinois, Indiana, Kansas, and Missouri. The company is the largest distributor for IC Bus, a subsidiary of Navistar, as well as Collins School Bus, Starcraft School and Commercial Bus, Eldorado Bus, Elkhart Coach, Braun Corporation, Berkshire Coach and MV1. www.midwesttransit.com
On behalf of the Board,
“Douglas Dyment”
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.
