SOURCE: Satelinx International Inc.

January 11, 2007 08:00 ET

Satelinx Prototype Testing High Results

MONTREAL -- (MARKET WIRE) -- January 11, 2007 -- Satelinx (PINKSHEETS: SLXI) -- Over the last few months several groups have been testing the PTR500, an upgrade to the PT300. This newer model is sleeker, faster and incorporates more telematics features. Scheduled for commercial release next year, this unit already shows signs of being the next product to watch.

"Our engineers have successfully developed the newest generation of Personal Tracking Devices. These units can be hidden almost anywhere, and effectively track any item or person. We continually work at developing the most highly effective and most compact and concealed tracking devices in the world," 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