MONTREAL, March 24 2005 (PRIMEZONE) -- Satelinx International Inc. (Pink Sheets:SLXI) a global provider of satellite vehicle tracking, announced today that it has received the approval from La Capital Insurance Company of Canada. La Capital will begin recommending the Satelinx's tracking unit to its clients in Canada to prevent car theft and improve driver safety and offer premium discounts of up to 30% when equipped with Satelinx's device.
"We have talked to most insurance companies in North America and like La Capital, ING, AXA, Belair Direct and the Guaranteed Company of America, and our tracking device meets and exceeds all expectations and we continue to enter into agreements to reduce car theft and increase driver safety in North America," said Sam Grinfeld, President of Satelinx International Inc. "The insurance company truly recognizes the superior nature of our product and like La Capital are willing to offer significant premium discounts that can be as high as 40% when equipped with one of our devices, because our technology reduces losses due to car theft and vandalism far greater than any other devices on the market."
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.