SOURCE: Satelinx International Inc.

February 07, 2007 16:30 ET

Satelinx Announces Pilot Project to Begin Early Spring

MONTREAL -- (MARKET WIRE) -- February 7, 2007 --Satelinx (PINKSHEETS: SLXI) announces a 90-day pilot project to begin early spring.

"Satelinx will be starting a new pilot project with a limousine company in Montreal. We will be utilizing our GSM/GPRS vehicle tracking unit, combined with our updated and user friendly fleet tracking software. We are confidant in the positive outcome of this 90-day pilot project and believe this will lead to sales with many limo, taxi and all other major fleet companies," stated Sam Grinfeld, Chairman of the Board of Satelinx.

About Satelinx

Satelinx International Inc. provides satellite vehicle tracking units that integrates GSM/GPS/GPRS wireless technologies and the Internet to deliver wireless tracking and location services. Satelinx seeks to be recognized as the world leader in providing safety and security solutions on a global scale in a cost effective manner for vehicle owner, trucking or private vehicle fleet and insurance companies.

FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements, including forecasts of market growth, future revenue, benefits of the proposed merger, and expectations that the merger will be accretive to Satelinx's results and other matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: difficulties encountered in integrating merged businesses; uncertainties as to the timing of the merger; approval of the transaction by the stockholders of the companies; the satisfaction of closing conditions to the transaction, including the receipt of regulatory approvals; whether certain market segments grow as anticipated; the competitive environment in the software industry and competitive responses to the proposed merger; and whether the companies can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Satelinx undertakes no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.

Contact Information

  • Contact
    Sam Grinfeld