Tuesday, February 7, 2012

Boomerang Systems, Inc. (OTCBB: BMER) Announces Robotic Parking 2012 Project in Hollywood, Florida

Boomerang Systems, Inc. (OTCBB: BMER) Announces Robotic Parking 2012 Project in Hollywood, FloridaOrlando, FL 2/7/12 (StreetBeat) -- Boomerang Systems, Inc. (OTCBB: BMER) a leading designer and manufacturer of automated robotic parking and self storage systems, announces it has been contracted to supply 226 parking spaces utilizing its innovative RoboticValet™ Parking System in the Grand Hotel, located in Hollywood Beach, Florida. Development has just restarted after a long hiatus during which the property's current owner, Liberty Sites, Ltd., purchased the site out of foreclosure. Liberty Sites is a leading Canadian real estate developer with properties in Quebec and British Columbia.

The Grand Hotel will offer a mix of condominium units and hotel rooms. It features a contemporary exterior building design complimented by elegant, sophisticated interior appointments. Liberty's renowned in-house designer and architect, Paula Villabona, heads up the design team responsible for the entire project. Paula stated, "We recently submitted our architectural drawings and project renderings to the City of Hollywood in December of 2011. They absolutely loved our design concept and enthusiastically granted us approval to move forward with the permitting process. We anticipate breaking ground and beginning construction this summer."

Moses Bensusan, CEO of Liberty Sites, stated, "Our overall project concept is very contemporary, progressive, and forward thinking to ensure the long term success of this property. We have been very careful to incorporate what we feel is an exciting and attractive building design, the very best interior design elements, and to utilize cutting edge technology, such as a robotic parking system. We chose Boomerang Systems as the supplier of our robotic parking system after carefully considering and studying multiple other systems. Their RoboticValet Parking system has many advantages over all the other systems we looked at and we are confident their system will be a wonderful amenity enjoyed by all of our hotel guests and unit owners."

Rich Cline, who serves as the Director of Business development for Boomerang Systems, Inc., and who has worked closely with Moses and Paula on the Grand Hotel stated, "We at Boomerang are thrilled to be a part of the Grand Hotel project and are very excited to begin our implementation process later this year."

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