GPS Industries Inc. (GPSN.OB) Announces $4.9 Million Expansion of Leisurecorp Contract

GPS Industries has been looking to expand their business beyond the golf business. On June 27,2008, the company announced a $4.9 million expansion of the contract GPS already had with Leisurecorp LLC. Leisrecorp is part of Dubai World, the huge finance and holding company based in Dubai. In 2007, Leisurecorp invested $10 million into GPS Industries, becoming the largest shareholder in the company.

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