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Laipac's S-911 bracelet provides real-time tracking via GPS, GSM or GPRS, has an emergency SOS button, a tamper alert if the watch is removed, works inside buildings as well as outdoors, and can be configured to send custom alerts based on location.
Sure, the S-911 isn't the most stylish watch we've ever seen, but you have to admit it makes a statement.

Available in June 2008, the S-911 bracelet will retail for $399. Monthly service fees for the SIM card (required for GSM/GPRS service) are still to be determined, but the rep at CES said it would likely cost somewhere around $20 per month.

The S-911 Bracelet Locator also features:

If the bracelet is just too much to handle on your wrist, Laipac also makes a small handheld version, S-911 Personal Locator. Features are identical to the bracelet, but the handheld costs $279. According to the representative at CES, Laipac has sold over 10,000 personal locators (GPSmagazine could not verify that number).
More information is available via LocationNow's website.