SOURCE: Satelinx International Inc.

February 05, 2007 08:00 ET

Satelinx Enters Final Testing Stage of GPS/Satellite Phone Tracking System

MONTREAL -- (MARKET WIRE) -- February 5, 2007 -- Satelinx's (PINKSHEETS: SLXI) Satelinx enters final testing stage of GPS/Satellite phone tracking system.

"GPS/GSM tracking systems, while being extremely effective, are limited to GSM coverage. Our new system which is slated to go into production by late spring would enable locating personal assets worldwide, using satellite phone technology, therefore removing any boundaries previously held by GSM coverage. While the retail price has yet to be determined, Satelinx feels that the cost involved will be outweighed by the ability to track any asset woldwide," stated Sam Grinfeld, Chairman of the Board of Satelinx.

About Satelinx

Satelinx International Inc. provides satellite vehicle tracking units that integrate 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