Cell-Loc Location Technologies Inc.

Cell-Loc Location Technologies Inc.

January 19, 2006 19:39 ET

Cell-Loc Location Technologies Announces Grant of Incentive Stock Options to Directors and Officers

CALGARY, ALBERTA--(CCNMatthews - Jan. 19, 2006) - Cell-Loc Location Technologies Inc. (TSX VENTURE:LTI) ("CLTI") today reported the annual grant of incentive stock options ("options") to officers, directors and employees of the Company, to purchase a total of 2,162,000 common shares at a price of $0.32 per share, based on the closing price of the stock on Tuesday, January 18, 2006 (the "grant date"). All of the options granted on January 19, 2006 vest over two years; one third of the options shall be vested immediately, one third on the one-year anniversary of the grant date and the remaining one third on the two-year anniversary of the grant date. Vested options can be exercised at any time during the five-year period following the grant date. These options are granted under the Company's stock option plan approved by shareholders on December 1, 2003.

About Cell-Loc Location Technologies Inc.

Cell-Loc Location Technologies Inc. (www.cell-loc.com) is the developer of a family of network-based wireless location products that enable location-based services. Located in Calgary, Alberta, Cell-Loc currently develops, markets and supports its patented wireless location technology in North and South America and Asia, with a view to expanding globally. Cell-Loc is listed on the TSX Venture Exchange under the trading symbol: "LTI."

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Contact Information

  • Cell-Loc Location Technologies Inc.
    Dave Guebert
    Vice President, Finance and CFO
    (403) 569-5796
    Website: www.cell-loc.com