Boomerang Systems, Inc. Announces Stock Trading on the Pink Sheets

Jun 19, 2008, 01:00 ET from Boomerang Systems, Inc.

    MORRISTOWN, N.J., June 19 /PRNewswire-FirstCall/ -- Boomerang Systems,
 Inc., ("Boomerang" or the "Company") (Pink Sheets:   BMER) announced today
 that the Company's shares are currently trading in the over-the counter
 market on the OTC Pink Sheets. Boomerang encountered certain technical
 compliance issues with respect to the timeliness in three instances over
 the prior two years in its SEC filings, which resulted in the Company's
 stock moving from the OTC-Bulletin Board and onto the OTC Pink Sheets.
 Quotations are currently appearing at under the trading
 symbol BMER by clicking on Quotes and News.
     Boomerang is engaged in the design, development, and initial marketing
 of automated racking and retrieval systems for automobile parking and
 automated racking and retrieval of containerized self-storage units.
 Boomerang's management is optimistic as to its future operations and its
 ability to secure firm contracts for the sale of its storage units. The
 Company reported its initial completed sale in the second fiscal quarter of
 2008 and anticipates reporting additional sales during the balance of the
 fiscal year ending September 30, 2008. The Company is committed to the
 timely filing in the future of all periodic reports as required by the
 Securities and Exchange Commission and for the protection of its investors.
     Additional information may be obtained by contacting Joseph Bellantoni,
 Boomerang's Chief Financial Officer, at 973-538-1194.
     Cautionary Statement for Purposes of the "Safe Harbor" Provisions of
 the Private Securities Litigation Reform Act of 1995.
     With the exception of historical matters, the matters discussed in this
 press release are "forward-looking statements" as defined under the
 Securities Exchange Act of 1934, as amended, that involve risks and
 uncertainties. Forward looking statements included herein include the
 Company's ability to make additional sales of its automated parking systems
 and self storage units during the fiscal year ending September 30, 2008 and
 thereafter, its ability to timely file all periodic reports and other
 filings with the Securities and Exchange Commission and its ability to
 attain its business objectives and business plan. Forward-looking
 statements also include, among others, the success of the Company in
 implementing the its business plan in the future and that the Company will
 achieve material revenues. Boomerang intends that the forward-looking
 statements herein be covered by the safe-harbor provisions for
 forward-looking statements contained in the Securities Exchange Act of
 1934, as amended, and this statement is included for the purpose of
 complying with those safe-harbor provisions.

SOURCE Boomerang Systems, Inc.