Big things is happening!! New case & Mindark goes public.

I have been away on vacation for a while and when I get back I seem to have missed a lot of stuff.
A new case (GPS Buddy)has just closed(only the fisrt part), Elian group has added a 5% cash offer to their real estate deal, Mindark has confirmed that they are going public etc. I will post all the news below.

GPS-Buddys private placement on tour!
GPS-Buddy Holdings Ltd, will offer an exclusive investment opportunity in two steps, starting with a Private placement!

Dear Bridge Member,
GPS Buddy invites you to take part in their private placement of: EUR 1 million.
GPS-Buddy, is a fast-growing provider of vehicle tracking and mobile data solutions for motorized fleets, which consists at the forefront; of an easy-to-use business solutions for: tracking, managing, monitoring, messaging, navigation and routing from door to door.

GPS-Buddy, is factory installed in GARMIN GPS units.
GARMIN, is the world leader of portable navigation systems serving aviation, marine, outdoor recreation and automotive markets.
With both standard and large screen devices, Garmin offers a wide choice of options to suit every vehicle requirement - from small vans to big trucks.
In close partnership, GPS-Buddy and Garmin offer this easy-to-use, and very affordable tracking, messaging and navigation solutions offering smart and cheap two-way text messaging and planned navigation capabilities.
GPS-Buddy has its headquarters in Cork, Ireland and has offices in Belgium, the Netherlands and Sri Lanka.

The terms for this offering are as follows:
Price per share:(EUR) 5.75
Price per block of shares:(EUR) 1,026.38 (175 shares)
Subscription period:23 - 29 July 2007
Payment date:2 August 2007

The block price is inclusive of a 2% commission to ACH Securities S.A

Deloitte Fiduciaire BV, one of the leading audit and consulting firm, practices in Belgium; and part of the global Deloitte Touche Tohmatsu group have examined the quality of the books and the connection with the statement given to Bridge Group on 27 June 2007.

Subscription forms should be sent to ACH Securities S.A. who will administrate the offering.

A pre-requisition to participate in the shares acquisition is that, your account balance reflects availability for the total amount by 5:00 PM on August 2, in ACH Securities S.A.
If the issue, (case) becomes oversubscribed, GPS Buddy will draw lots to ensure a fair allotment to all participantes.
This private placement of (EUR) 1 million is the first offer of a two part offering.
In October a second offer will be made of (EUR) 4-6 million. Details will be presented in a prospectus.

Interview with Tjibbe Veenstra, CEO & Founder of GPS-Buddy
We had the opportunity too ask Tjibbe Veenstra, CEO & Founder, a few questions about GPS-Buddy?s business. The cooperation with Garmin has clearly put GPS-Buddy on the fast track for growth.

What does GPS-Buddy do?
GPS-Buddy is a professional firm that plans, designs, develops and sells vehicle tracking and tracing solutions for transport companies and service companies with field operations. Combining three of the most important innovations of the past few decades ? GPS, Wireless Data and Internet ? our strategic approach is to build intelligent Internet-based solutions that are flexible and robust to suit the dynamic nature of the Internet. With the GPS-Buddy software factory-installed on millions of Garmin GPS navigators, our devices can be combined with these Garmin GPS navigators for two-way text communication and navigation at your fingertips. As the world?s largest provider of portable navigation systems, Garmin offers a wide choice of devices ? to suit both trucks and vans. Any manager or dispatcher curious about the actual location of his fleet and status of his deliveries can now access this information instantly on the GPS-Buddy web page, from any PC, anywhere in the world, anytime.

Which are your main competitors?
Locally, the markets for vehicle tracking products are very fragmented with lots of small providers of various systems. As recent tracking developments focus on the combination of tracking, communication and navigation, we do not consider these local providers as their main competitors. Currently TomTomWork is considered the principal competitor, competing with us in a limited number of countries but likely to increase their distribution.

What are your advantages?
All our products and services are developed with a focus on their easy-to-install and easy-to-use elements ? always keeping a focus on the end-user experience. Another advantage is our highly scalable platform, where all servers are modular expandable ? easily serving tens of thousands of users simultaneously per module. Furthermore GPS-Buddy?s products and service are already for sale in 18 countries in Europe and operations will be expanded into the United States from 1 September. As a result of our early commitment to the vehicle tracking market and the high quality of the products and services, we believe we have built an extensive network in Europe that would require significant time, talent, and commitment to duplicate.


Where is GPS-Buddy today and where do you see the company in two years?
With our bespoke services already available in 15 languages, a distribution network in 18 countries and a close partnership with the world?s largest provider of GPS navigators, we are well positioned to capture market share rapidly. Research companies like Gartner, Canalys, ABI Research, industry partners and many others are predicting a highly lucrative market for vehicle tracking products in the coming years and in two years we would like to reap off the benefits of being at the forefront now.


What does the cooperation with Garmin mean for you?
Garmin is the world leader of portable navigation systems serving aviation, marine, outdoor recreation and automotive markets. With both standard and large screen devices Garmin offers a wide choice of options to suit every vehicle requirement ? from small vans to big trucks. At this stage GPS-Buddy is factory-installed on millions of Garmin GPS navigators. And to date we have already signed 14 Garmin distributors as our exclusive distributor as well. Combining Garmin and GPS-Buddy the excitement begins. In Europe Garmin is a strong runner up, but in the United States Garmin has a 60% market share. Our new product the GPS-Buddy CONNECT is an out-of-the-box add-on solution offering communication, tracking and fleet management facilities to every Garmin device ? not just the new ones, but also the Garmin devices already used by millions of users.


How do you predict the market to develop?
It?s my and our staff?s ambition to keep GPS-Buddy at the forefront of the vehicle tracking market. We believe, and many of the industry pundits concur, that the fleet and asset tracking market will grow rapidly and will even explode as soon as a few big names enter this business. No doubt, that TomTomWork will act as a catalyst for market transformation like they did within the market for GPS navigators as we all know. TomTom?s CEO Harold Goddijn summoned it up in a press release when TomTom acquired DataFactory ? a company similar to GPS-Buddy: ?TomTom believes that the vehicle tracking market has only just started to develop. Giving the growing demand to improve their efficiency and optimise the allocation of resources, service companies with field operations have started to use tracking and tracing solutions. This is expanding the market which traditionally served only large truck and logistic companies?


How will you use the money from the two share issues?
Since we have run the business on earnings and organic growth up to now, the expansion possibilities have been limited. At this moment we have a leading position in Europe and we would like to use your investment for building our company much faster than our actual pace. We want to cement our position as a leading force, capable of reaping off the benefits of this rapidly evolving market.


Do you want to say anything else to your potential investors?
GPS-Buddy is something completely different from the well known GPS navigators. A GPS navigator is calculating the perfect route from A to B. GPS-Buddy doesn?t do that. The GPS-Buddy device sends every moment of the day the exact location and status of the vehicle to the GPS-Buddy servers. Based on this data GPS-Buddy can tell you at any given moment when the vehicle started at A, who was driving the vehicle, which route has been driven, how it was speeding, when it stopped where for how long and when it arrived at B. This business is crucial for businesses that want to optimize the use of their fleet and mobile workforce. By connecting a Garmin GPS navigator to the GPS-Buddy device, the user is also able to send and receive messages and tasks to and from the dispatcher.