Satelinx Product Testing in Israel to Begin Late February Market Wire "US Press Releases "
MONTREAL -- (MARKET WIRE) -- 01/29/07 -- Satelinx (PINKSHEETS: SLXI) will be sending 50 Tracking units to Israel for testing purposes in late February.
"We will be supplying our potential new client in Israel with 25 GPS vehicle tracking units and 25 GPS personal tracking units along with our tracking software to commence a 90-day test trial. We are confidant that our product line will prove to be effective and positive, and will lead to a successful venture in Israel . Upon successful completion of the trial period, our Israeli distributor will place an initial order valuing over one million dollars ," 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
Sam Grinfeld
514-332-2523
