Cell-Loc Location Technologies Inc.

Cell-Loc Location Technologies Inc.

November 29, 2010 19:39 ET

Cell-Loc Reports Q3 Net Income of $238,000

CALGARY, ALBERTA--(Marketwire - Nov. 29, 2010) - Cell-Loc Location Technologies Inc. (TSX VENTURE:XCT) reports net income of $238,000 for the three months ended September 30, 2010. During the quarter, the Company was successful in its debt restructuring program and continues to make positive advances to clean up its balance sheet. In addition, the results reflect a more stable revenue stream resulting from its professional services agreement established to provide technical and development support to X3 Tecnologia of São Paulo, Brazil.

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).

About Cell-Loc Location Technologies Inc.

Cell-Loc is an intellectual property company that has a proprietary technology designed for deployment of wireless data transmission and location based services. The Company has installed a commercial network in São Paulo, Brazil where its technology is being deployed for stolen vehicle recovery services within that network. Cell-Loc is currently in the engineering design and development phase whereby its technology will be deployed for telemetry markets that can be serviced by an existing network or customized as a stand- alone low cost line of sight network application.

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For further information about Cell-Loc and the ongoing technology business, please contact the undersigned.

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

Contact Information

  • Cell-Loc Location Technologies Inc.
    Keith Bohn
    Interim CEO
    Cell-Loc Location Technologies Inc.
    Dave Guebert
    Vice President Finance & CFO