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.