CUMMING, Ga., Aug. 22, 2005 (PRIMEZONE) -- PlanetLink Communications Inc. (OTCBB:PLKC), a provider of GPS satellite-based products and services, announced today that the Company had a 195% increase in the second quarter 2005 revenues over its first quarter 2005 revenues, as shown in the 10QSB filing on August 15, 2005 with the Securities and Exchange Commission. This has been our best quarter since leaving the development stage designation.
Mary Hitt, Director of Finance for the Company, stated that, "at PlanetTRAKS we are very encouraged by the acceptance of diverse vertical markets of our TransTRAK(tm) product line and that this acceptance is reflected in sales to our customers. With the increased emphasis on sales and marketing and the opening of our new Miami office, we are excited about our future prospects. We will be striving in every way to create positive financial results for the future and increased shareholder value. We are seeing additional growth from current customers as they add more TransTRAK(tm) units to their fleets."
"This growth in revenues is precisely on target as we planned to increase our company's revenues each consecutive quarter with growth from strategic partnerships, inside sales and from our Miami office. We are currently negotiating several large contracts that would introduce exponential growth in revenues," commented M. Dewey Bain, CEO of PlanetLink.
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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.