Cell-Loc Location Technologies Inc.
TSX VENTURE : XCT

Cell-Loc Location Technologies Inc.

April 29, 2011 18:47 ET

Cell-Loc Location Technologies Inc. Reports 2010 Net Income of $589,000

CALGARY, ALBERTA--(Marketwire - April 29, 2011) - Cell-Loc Location Technologies Inc. (TSX VENTURE:XCT) ("Cell-Loc") reports net income of $589,000 for the year ended December 31, 2010. Highlights include revenue of $1,717,000, a gain of $981,000 on sale of its subsidiary and a gain of $1,647,000 on settlement of liabilities.

The complete financial statements along with management's discussion and analysis can be found on the Company's website (www.cell-loc.com) and on SEDAR (www.sedar.com).

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS:

Certain statements contained in this news release constitute forward-looking statements By their nature, forward- looking statements are subject to numerous risks and uncertainties, some of which are beyond Cell-Loc's control including the impact of general economic conditions, industry conditions, currency fluctuations, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources, the inability to obtain required consents, permits or approvals, including regulatory approvals, counter-party risks and the risk that actual results will vary from the results forecasted and such variations may be material. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Cell-Loc's actual results, performance or achievement could differ materially from those expressed in or implied by, these forward- looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward- looking statements will transpire or occur, or if any of them do so, what benefits Cell-Loc will derive therefrom.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, Cell-Loc disclaims any intention and assumes no obligation to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

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

Contact Information

  • Cell-Loc Location Technologies Inc.
    Keith Bohn
    Interim CEO
    403.569.5700
    www.cell-loc.com