Garmin Opening Offices to Serve Australia, New Zealand
Garmin Ltd. (Nasdaq: GRMN), today announced plans to open company-owned offices in Australia, to be known as Garmin Australasia Pty Ltd. The new facility will include a full warehouse, sales, marketing and customer support staff that will provide an unprecedented level of service to dealers and customers in Australia and New Zealand for Garmin’s consumer products.
Over the past 17 years, Garmin’s Australasian presence has been represented by GME. Both GME and Garmin are working closely together to ensure a seamless transition for both dealers and customers. The transition for Australia is expected to be completed on July 1, 2008. The transition for New Zealand is expected to be completed on January 1, 2009.
“Garmin has enjoyed a long and healthy relationship with GME,” said Dan Bartel, Garmin’s vice president of worldwide sales. “In the near future, Garmin representatives will begin making introductory calls to our dealers in Australia and New Zealand to share this exciting news.”
“We are working closely with Garmin to ensure that this is a smooth changeover for both dealers and end users,” said Alan Stehr, executive chairman of GME. “This new arrangement will allow each company to focus its efforts on growing its core business.”
GME designs, manufactures, and distributes its own line of two-way radios, telemetry devices, television signal processing equipment, and marine electronics.
Garmin is presently scouting locations and hiring staff for its new offices, which will be based in the Sydney area. Garmin’s aviation structure in Australasia remains unchanged at this time.
About Garmin International Inc.
Through its operating subsidiaries, Garmin Ltd. designs, manufactures, markets and sells navigation, communication and information devices and applications – most of which are enabled by GPS technology. Garmin is a leader in the consumer and general aviation GPS markets and its products serve aviation, marine, outdoor recreation, automotive, wireless and OEM applications. Garmin Ltd. is incorporated in the Cayman Islands, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin’s virtual pressroom at www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin is a registered trademark of Garmin Ltd. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on forward-looking statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. All statements regarding the company’s future product introductions are forward-looking statements. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 30, 2006 filed by Garmin with the Securities and Exchange Commission (Commission file number 000-31983). A copy of Garmin’s Form 10-K can be downloaded at www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.