Boomerang Systems Appoints New Executive Leadership

FLORHAM PARK, N.J., Jan. 14, 2015 /PRNewswire/ -- Boomerang Systems, Inc., (OTCQB: BMER) the innovative U.S. designer and manufacturer of RoboticValet® automated parking systems, announced today the appointment of two new members to its senior leadership team. 

• James Gelly has been appointed Chief Executive Officer and Director, succeeding Mark Patterson, who will retain his current role as Chairman of the Board of Directors. Gelly has over 25 years' experience in global industrial and technology companies. He previously served as Chief Financial Officer at Constellium, Misys plc, Rockwell Automation, and Ingersoll-Rand. Prior to those roles, he occupied leadership positions at Honeywell International and General Motors.
  
• George Gelly has been appointed Executive Vice President and Chief Operating Officer. George Gelly has over 35 years' leadership experience across a broad spectrum of information technologies, including robotics, software and integration of complex systems. He was previously SVP & Chief Product Officer at ID Analytics, a division of LifeLock, Inc. Prior to that, he was Director of Product Delivery at Intuit's Consumer Group, which includes the TurboTax and Quicken brands. Previous responsibilities include IT leadership positions at UnitedHealth Group, Xerox, Staples, KPMG and Kurt Salmon.

"We are very excited to have James and George join our leadership team," said Mark Patterson, Chairman.  "We couldn't be happier to have recruited individuals who each bring decades of relevant management experience at the highest levels.  We believe these additions to our senior management team are crucial in growing the company into a large global enterprise."

The new members of the Boomerang management team come on the heels of the Company completing an exchange of $20.5M of convertible notes into common equity, the successful upsizing of its existing debt facility by an additional $7.1 million, and the attainment of a Certificate of Occupancy for North America's largest automated parking facility, a 480 space RoboticValet® system at BrickellHouse, a new 46-story luxury high-rise condominium in Miami.

About Boomerang Systems, Inc.
Headquartered in Florham Park, New Jersey, with research, design, testing and production facilities in Logan, Utah, Boomerang Systems (www.boomerangsystems.com) is in the business of marketing, designing, engineering, manufacturing, installing and servicing its RoboticValet automated parking systems.

The Company is the inventor, developer and sole provider of the patented Boomerang RoboticValet automated parking system, which differs from all other automated parking systems in that it offers a fully-integrated solution based upon omni-directional, battery-powered robots, and a proprietary software and robotics guidance system, to carry vehicles to and from storage spaces by driving directly on a concrete slab surface, without the use of a rail or track.

Safe Harbor
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: The Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Boomerang Systems, Inc.'s current views about future events, financial performances, and project development. These "forward-looking" statements are identified by the use of terms and phrases such as "will," "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Boomerang's expectations.  These risk factors include, but are not limited to, the risks and uncertainties identified by Boomerang Systems, Inc. under the headings "Risk Factors" in its latest Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. These factors are elaborated upon and other factors may be disclosed from time to time in Boomerang Systems, Inc.'s filings with the Securities and Exchange Commission. Boomerang expressly does not undertake any duty to update forward -looking statements.

SOURCE Boomerang Systems, Inc.

Related Links

http://www.boomerangsystems.com

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