LoanPlus™ Opens The VAULT

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Knoxville, Tennessee. – August 23, 2010 - ProconGPS, Inc. the leader in mobile resource management solutions for the automotive finance industry today announced the release of its latest GPS device named The VAULT. This revolutionary new GPS device is the first of its size in this industry that combines a hypersensitive antenna, warning buzzer and a lithium back-up battery all inside a 2.4”x 1.8” housing that is only .75” thick.

ProconGPS will be marketing this new device through its subprime automotive finance brand LoanPlus™, which offers a host of proprietary solutions that help finance companies and banks of all sizes manage their loan portfolios and reduce the risks and complexities associated with them.

"We are proud to be the first to bring this brand new technology to the industry," said Jim Giammarco Executive Vice President for ProconGPS. "This new device combined with our existing Vault device completes our All-Star line up of products and services which further distinguishes ProconGPS as the clear industry leader in the MRM marketplace.”

This device combines lithium back up battery, warning buzzer and hypersensitive antenna inside an extremely small form factor. Having all of these components inside of the device makes it much more concealable and also makes the installation easier by eliminating extra wires, " Added Manoj Tank Director of Product Management.”

See the new VAULT GPS device in action at www.vaultgps.com.

About ProconGPS
ProconGPS Inc. headquartered in Knoxville, Tennessee, is the industry leader and world’s largest provider of MRM products and services to the Subprime Automotive Finance industry. Products from ProconGPS Inc host an abundance of features sets allowing users to effortlessly locate and control their assets across the globe by providing a globally-managed, wireless data network. Products from ProconGPS Inc reduce the costs, complexities and risks associated with managing mobile assets, ProconGPS currently has over 400,000 units being used throughout the U.S., Canada and Mexico, ProconGPS has offices in the United States, Canada.

Media Contact
David Meyer
1 (866) 694-2704

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