C-Chip Technologies Corporation

C-Chip Technologies Corporation
Manaris Corporation
OTC Bulletin Board : MANS

Manaris Corporation

September 26, 2005 08:00 ET

C-Chip Technologies Corporation 'North America' Launches Credit Chip 100 and Credit Chip 100C

MONTREAL, CANADA--(CCNMatthews - Sept. 26, 2005) - C-Chip Technologies Corporation (North America), a wholly owned subsidiary of Manaris Corporation (OTCBB:MANS)(Frankfurt WKN: 255471), announces the availability of its new two-way wireless Credit Chip 100 and 100C to warn, disable, locate and recover vehicles from delinquent car owners.

The Credit Chip 100 is the smallest and most cost-effective vehicle tracking device on the market today. Using our web applications and an extensive wireless network in North America, it provides credit grantors a location map, in real-time, via the Internet right on their computer screen.

The Credit Chip 100C enhances the remote location capabilities of the Credit Chip 100 and allows for immobilization of the vehicle, if payment is not made. Using two-way wireless communications and C-Chip's Internet web applications, credit grantors can sound a pre-warning, and then disable a vehicle after the right-to-cure period has expired. If suitable payment arrangement is not made, the vehicle can be located on a map in real-time for repossession and recovery. Once payment is made, the vehicle can be re-activated just as easily.

Key product highlights are as follows:

Key features Locate and recovery Locate, disable,
and recovery
Minimal installation time x x
Works on most vehicles x x
Internet-based activation x x
Web applications and reports x x
Nationwide wireless
network coverage x x
GPS Location x x
Compact & rugged design x x
Reduction in cost
of repossessions x x
Reduction in payment
delinquencies x x
Possible reduction
in insurance premiums x x

"These two new products are based on a reliable two-way network protocol and combine GPS tracking with vehicle disablement," said Claude Arbour, the Company's President and CEO. "Their features permit credit grantors to consider extending loans to a wider customer base, worry-free, thereby providing a solution to increase their total business. With a potential of reducing payment delinquencies to up to 70%, we believe that these devices will have a strong impact on the industry."

C-Chip Technologies Corporation (North America)

C-Chip specializes in the high-tech sector of the security industry. It has developed sophisticated monitoring solutions which use integrated wireless communications, transaction processing, GPS technology, software applications and the Internet to connect mobile assets with IT infrastructures.

Ultimately, C-Chip's unique technology platform enables business users to efficiently access, control, manage and monitor different types of equipment or services-at low costs. For more information, please visit www.c-chip.com.

About Manaris Corporation

Through its wholly-owned subsidiaries, Manaris Corporation offers a comprehensive suite of enterprise risk management services and solutions. C-Chip North America specializes in the high-tech sector of the security industry, with technology that allows business users to efficiently access, control, manage and monitor remote assets at low costs. Avensys enables businesses and corporations to monitor different types of environments, including Air, Soil, Water as well as buildings and infrastructures. Chartrand Laframboise Investigation provides corporations and institutions with security services including corporate investigation, surveillance, electronic monitoring and protection of personnel.

By combining both traditional security services and advanced monitoring technology, Manaris sets the industry standard for integrated, end-to-end risk management solutions.

FORWARD-LOOKING-STATEMENT: Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks uncertainties, including the effect of changing economic conditions, competition within the credit and security industry, customer acceptance of products and other risks and uncertainties. Such forward looking statements are not guarantees of performance, and Manaris Corporation results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release and Manaris Corporation undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.

Contact Information

  • C-Chip Technologies Corporation (North America)
    Mr. Claude Arbour
    President and CEO
    (514) 448-6425
    Zenergy Communications
    Linda Farha
    (514) 273-4034