SOURCE: SkyLynx Communications Inc.

August 21, 2006 15:39 ET

SkyLynx Communications Licenses Vehicle Tracking Technology to Innovative Concepts and Manufacturing

SkyLynx Preparing Shift to Companion Pet Care From Communications Industry

SARASOTA, FL -- (MARKET WIRE) -- August 21, 2006 -- SkyLynx Communications (OTCBB: SKYC), a company engaged in the growth pet healthcare industry, announced that its board of directors has agreed to license proprietary technology that has been developed and Beta-tested for use in tracking emergency vehicles to Innovative Concepts and Manufacturing.

Gary Brown, president of SkyLynx said, "Our Company is in the process of moving into a new field of business, and divesting ourselves of the old operations is vital to allow us to focus our energies on the opportunities we have uncovered. The first step was to acquire VETCO Hospitals, Inc. This licensing is the next step, and from here, our operations will focus on our new operations entirely.

"Our intention is to pursue a business plan centered on offering high quality, convenient and low cost animal vaccines through a nationwide system of clinics allied with national and regional pet retail chains. The intent of SkyLynx/Vetco is to assemble a nationwide network of affordable mobile clinics to bring mandatory and elective vaccine services to rural and urban Companion pets."

The American Pet Products Manufacturers estimates that 69.1 million American households, 63 percent of all American homes, own a pet and spending on pets in the US is expected to reach $38.4 billon this year. Of that, vet care will account for around $9.4 billion, and supplies and OTC medicines will be $9.3 billion. APPMA's 2005-2006 National Pet Owners Survey notes that 52 percent of dogs, 24 percent of cats, 36 percent of saltwater fish, 15 percent of freshwater fish 5 percent of birds, 11 percent of small animals and 8 percent of reptiles are given medications and/or drugs.

He concluded, "The pet healthcare industry is growing, and the trends suggest that it will only increase in size and scope in the future. We are poised to implement a business plan that will position us to play a major role in this field."

About SkyLynx (www.skylynx.com)

SkyLynx Communications, Inc., based in Sarasota, FL, is building a nationwide company to create a more efficient system to deliver pet healthcare in the US. It operates 135 vaccine clinics and five (5) full service veterinary hospitals inside of PETCO stores in five (5) western states. In addition, it operates an e-commerce website, PetService.com. It intends to develop products and services for Pet Tracking, Pet Insurance, E-Commerce sales and acquiring additional veterinary hospitals within its database market.

Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of projects due to the variability in size, scope and duration of projects, estimates made by management with respect to the Company's critical accounting policies, regulatory delays, clinical study results which lead to reductions or cancellations of projects, and other factors, including general economic conditions and regulatory developments, not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Contact Information

  • Contact:

    Gary L. Brown
    President
    941-926-2510

    Porter, LeVay & Rose, Inc.

    Michael J. Porter
    President
    Investor Relations

    Jeff Myhre
    VP
    Editorial
    212-564-4700