Universal Tracking Solutions is an enterprise solutions based provider of telemetry and GPS fleet tracking systems. The company maintains its focus on the mid-level GPS fleet tracking space in the United States, Mexico and Canada. This market is anticipated to experience rapid growth and has been largely ignored by the business sector.
The company has secured an advantageous position within this space by forming a partnership with an International wireless communications provider; developing a hardware device that can control the data usage and scale up or down based on application need; and providing customers with a state-of-the-art, customizable software solution.
Universal Tracking Solutionsâ€™ mapping technology combines several of North Americaâ€™s premier GPS mapping providers into one application, enabling detailed street level mapping in The U.S., Canada and Mexico. Users of the system have experienced a positive return on investment, including reduced carbon emissions, reduced fuel costs, enhanced homeland security measures, improved safety and liability issues, as well as increased productivity.
In fiscal 2008, the company recognized revenue growth of 48% over fiscal 2007. Universal Tracking Solutions also made a significant leap forward towards profitability, reducing losses by more than 70%, despite a tough economic environment. With a market cap of less than $750,000 and full year sales totaling more than $1.1 million, the companyâ€™s share price is very attractively valued and potentially poised to move higher as the company strives to increase sales and reach profitability.
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