Cell-Loc Location Technologies Inc.

Cell-Loc Location Technologies Inc.

August 29, 2005 18:00 ET

Cell-Loc Location Technologies Announces New Joint Venture Partner

CALGARY, ALBERTA--(CCNMatthews - Aug. 29, 2005) - Cell-Loc Location Technologies Inc. (TSX VENTURE:LTI) ("CLTI"), today announced that it has entered into a new license agreement for its Calgary wireless location network with Location System Solutions Inc. ("LSSI"), a company controlled by Mr. Keith Bohn (a director of CLTI) and Mr. David Mullen. Mr. Mullen's ownership interest in LSSI is through Lyncorp International Ltd., a corporation which Mr. Mullen controls. LSSI will operate its interest in the Calgary network through a subsidiary company, Solutions-on-Trak Inc. ("On-Trak"). In addition to the existing Calgary network, LSSI also owns the rights to participate in Austin, TX and any further networks to be developed in Alberta. IQ2 Communications previously held these rights that have now been granted under a new license agreement with LSSI.

CLTI also announced that it has sold a license for the Greater Vancouver territory to LSSI for $500,000, with payment due after CLTI successfully completes its network currently under construction in Sao Paulo, Brazil. CLTI is anticipating completion of the Sao Paulo network in Q4 of this year. CLTI and LSSI have agreed that the Vancouver network will be built and operated through a jointly owned entity, which will be owned 51% CLTI and 49% LSSI.

"On-Trak brings the necessary attributes to provide location based services using the Company's proprietary Beacon technology," said Sheldon Reid, President & CEO of CLTI. "Our technology provides the low cost solution with real time location of assets and people for monitoring, tracking and various other security applications. This relationship will complement the Company's Sao Paulo, Brazil deployment and commercialization."

"Our team is currently evaluating marketing opportunities and believes that the wireless location market is poised for significant growth in the near future" said Keith Bohn, President & CEO of LSSI and On-Trak. "We have reviewed various technologies and believe that CLTI's technology is the best combination of reliability, precision and cost to work in an urban environment. On-Trak is excited not only to develop the Calgary network market, but also to expand opportunities in our other territories, in the rest of Alberta, in Vancouver and in Austin, TX."

CLTI and On-Trak are currently developing a business and marketing plan to optimize the Calgary network.

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."

Forward Looking Statements: This news release contains certain information that may constitute forward-looking statements under applicable securities laws. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Actual results achieved may vary from the results anticipated or implied herein and variations may be material. There is no representation by the Company that actual results achieved will be the same in whole or in part as those implied in any forward looking statements.

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For further information about CLTI and the ongoing technology business or about LSSI, please see below contacts:

TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.

Contact Information

  • Cell-Loc Location Technologies Inc.
    Sheldon Reid
    President & CEO
    (403) 569-5700
    (403) 569-5701 (FAX)
    Website: www.cell-loc.com
    Location System Solutions Inc.
    Keith Bohn
    President & CEO
    (403) 242-9298