Cell-Loc Location Technologies Inc.
TSX VENTURE : LTI

Cell-Loc Location Technologies Inc.

August 04, 2006 09:00 ET

Cell-Loc Location Technologies Inc. Provides Update of Its Activity in Sao Paulo

CALGARY, ALBERTA--(CCNMatthews - Aug. 4, 2006) - Cell-Loc Location Technologies Inc. (TSX VENTURE:LTI), is pleased to report achievement of significant milestones in the commercial rollout of its wireless location network in Sao Paulo, Brazil. The Company had previously announced the completion of its network and the commencement of operations and now is fully engaged in the execution of its commercial objectives.

During the month of July, LTI's Brazilian subsidiary, X3 Telecomunicacoes e Equipamentos, achieved the following accomplishments:

- X3 installed 817 beacons in vehicles that are insured by its customer, Itau Seguros. When added to the 105 installed in June, this brings the total beacons installed to 922. The Company intends to increase its installation capacity during the next two months to a minimum of 4,000 vehicles per month to meet its contractual commitments to Itau Seguros as well as to satisfy additional demand.

- X3 billed Itau Seguros approximately $30,000 for June activity and $115,000 for July activity. The invoices include charges for beacon service, installation and call center costs. The June invoice has now been paid by Itau Seguros.

- X3 was notified of three stolen vehicles during the month. All three of these vehicles were recovered and returned to their owner, thereby assisting Itau Seguros in mitigating its costs associated with vehicle theft.

Cell-Loc believes that the successful deployment of its low cost wireless technology in a city such as Sao Paulo positions it as an emerging leader in the wireless location market.

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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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
    or
    Cell-Loc Location Technologies Inc.
    Dave Guebert
    Vice President Finance & CFO
    (403) 569-5700
    (403) 569-5701 (FAX)
    Website: www.cell-loc.com