Concerned Shareholders of Cell-Loc Location Technologies Inc.

June 16, 2010 12:20 ET

Concerned Shareholders of CELL-LOC and Founder, Dr. Michel Fattouche, Announce PROXY Battle Against Company Management & Board to Save the Company

CALGARY, ALBERTA--(Marketwire - June 16, 2010) - A group of Concerned Shareholders of Cell-Loc Location Technologies Inc. ("Cell-Loc", TSX Venture "XCT") and the company's founder Dr. Michel Fattouche have announced a PROXY BATTLE against Cell-Loc's Management and its Board of Directors at the upcoming Annual and Special Meeting of Shareholders to be held in Calgary on June 29, 2010.

The Concerned Shareholders ask Cell-Loc shareholders to support the dissidents' nominees for election to the Cell-Loc Board, which include the company founder Dr. Michel Fattouche, Mr. Keith Bohn, Mr. Alvaro Schocair, Mr. Roberto Junqueira, Mr. Carlos Leão, Mr. Ariovaldo Aprikian, Mr. Dick Tchairdjian, and Mr. Rob Henschel.

More information about their background, current occupation, number of shares held, as well as the background leading to this event and their proposed plan of action, can be found in the Dissident Proxy Circular filed on www.SEDAR.com and on www.SaveCell-Loc.com - a website specially dedicated for this purpose.

The deadline for submitting your proxy to the Concerned Shareholders' transfer agent, Olympia Trust Company, is: 9:00 AM (Calgary time) Thursday, June 24, 2010. To obtain a copy of the Dissident PROXY Form along with detailed voting instructions please visit http://savecell-loc.com/blogs/archives/23 or contact the Concerned Shareholders of Cell-Loc as follows: 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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