MONTREAL, Feb. 17, 2005 (PRIMEZONE) -- Satelinx International Inc. (Pink Sheets:SLXI) a global provider of satellite vehicle tracking, announced today that all SEC and NASD requirements had been met and a prominent market maker in New York completes the filing documentation to quote the company's shares on the NASD OTCBB.
"The main advantages of our listing on the NASD OTCBB will be better market transparency, efficiency and most of all it has a tendency to increase the visibility with a wider investor audience," said Sam Grinfeld, President and CEO of Satelinx International Inc. "We have been working closely with all authorities and a prominent market maker in New York to assure a thorough and complete filing and we believe that the company's shares should trade on the NASD OTCBB within the next 4 to 6 weeks," further said Sam Grinfeld.
About Satelinx
Satelinx International Inc. provides satellite vehicle tracking units that integrates GSM/GPS/GPRS wireless technologies and the Internet to deliver wireless vehicle 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 owners, trucking or private vehicle fleet and insurance companies.
Important Information About Forward-Looking Statements
All statements in this news release, that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.