CUMMING, Ga., March 1, 2005 (PRIMEZONE) -- In an effort to expand and accelerate distribution of its TransTRAK(tm) GPS Fleet Management products, PlanetLink Communications Inc. (OTCBB:PLKC), a provider of satellite-based products and services, announced today that it has reached a licensing agreement with Karta Technologies, Inc. PlanetTraks is forging ahead with its own marketing and sales strategy, which will be complemented by Karta's efforts. Karta currently leads the Research and Development effort for PlanetLink's GPS-based products and services and will continue to act as the Company's primary R&D provider.
In accordance with the newly signed licensing agreement, Karta Technologies has been granted a two-year non-exclusive license to market TransTRAK(tm) worldwide, excluding markets where the Company has already granted exclusive licenses to other distributors.
"As we continue to drive towards our primary goal of revenue growth, we are very pleased that our long-time R&D partner, Karta Technologies, will begin distribution of TransTRAK(tm). Because they helped us develop the product, they know its strengths and they have the capability to expand distribution both in the U.S. and in international markets," stated Mr. Dewey Bain, President and CEO of PlanetLink Communications.
Dr. G.P. Singh, CEO of Karta Technologies added, "We know there is demand in the market for TransTRAK(tm) and we are regularly in contact with potential customers and additional potential distributors for the product. This agreement to license sales of TransTRAK(tm) from PlanetLink is a natural growth of our companies' partnership and makes good business sense."
About Karta Technologies
Karta Technologies, Inc. (Karta), which literally means "Can Do," is a systems engineering and technical services company headquartered in San Antonio, Texas. Karta provides integrated solutions to problems in Engineering, Information Technology, and Training. Karta's Engineering Solutions division provides design, development, and full life-cycle engineering support to its clients through the execution of a customer-centric operating philosophy. Karta provides systems engineering and software development support services with a specialization in the development and integration of Telematics applications such as fleet, asset and personal tracking devices and systems. Since its founding in 1986, Karta has successfully provided products and services to hundreds of both commercial and government clients.
About PlanetLink Communications, Inc.
PlanetLink Communications, Inc. recently launched its TransTRAK product through its wholly owned subsidiary, PlanetTRAKS. The Company is developing a family of GPS-enabled products and services under the PlanetTRAKS name. TransTRAK is the first of these products and is the Company's turnkey solution for real-time, mobile asset management. From tracking vehicle speed and location in real-time to controlling vehicle functions through remote access, TransTRAK allows the customer to actively monitor and manage virtually any type of mobile asset. For more information on PlanetLink, please visit the company's Website at: http://www.planettraks.com
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words 'estimate,' 'anticipate,' 'believe,' 'expect,' or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the 'Risk Factors,' 'Management's Discussion and Analysis' or 'Plan of Operation' and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request.