CUMMING, Ga., April 14, 2004 (PRIMEZONE) -- PlanetLink Communications Inc., (OTCBB:PLKC), a provider of satellite-based products and services, announced today that it has launched its TransTRAK GPS tracking product.
Based on an unexpectedly strong interest in the product from foreign markets, the Company has opted to make it commercially available for large-scale businesses in Mexico, in advance of its full launch in the U.S. market.
"We are eager to make TransTRAK available to both consumers and businesses in the U.S. and abroad. In the interest of capturing the highest short-term revenues and long-term contracts, we have decided to launch our GPS tracking product in Mexico first, where we have strong interest from some of the country's leading industrial organizations," stated PlanetLink Communications CEO, Mr. Dewey Bain.
The Company is currently in late-stage negotiations with two Mexican organizations. One is an electric utility with 72,000 trucks that need GPS tracking devices. PlanetLink is in the process of installing 15 test units in this prospective customer's trucks. The other organization is Mexico's largest bus company with a fleet of 10,000 buses and trucks needing tracking devices. PlanetLink is now installing 10 devices for testing with this bus company. These two potential customers together have an immediate need for 82,000 TransTRAK units.
PlanetLink Communications is currently customizing its TransTRAK system to meet specific local requirements, including software modifications.
PlanetLink is developing a family of GPS-enabled Mobile Locator Units (MLUs) under the PlanetTRAKS name, designed to communicate real-time location data and other information over the General Packet Radio System (GPRS) to a secure Internet server. Customers may then access that information via a password-protected web site in order to track vehicles and other assets.
About PlanetLink Communications
PlanetLink Communications Inc., headquartered in Cumming, Ga., has three primary business segments based on satellite-enabled technology. Providing the consumer both products and services, PlanetLink businesses include: DISH Network (satellite television), StarBand (High-Speed Internet Access) and Global Positioning System (GPS) personal tracking devices. PlanetLink's goal is to become a single-source dealer/distributor of technologically advanced, satellite-based products and services. With a strong and growing product offering and brand name, PlanetLink is building this unique category into a class all its own.
For more information please contact:
Laurel Moody, Sky Investor Relations, 212-440-5000, laurel@skyir.com
Safe-Harbor Statement
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.
For more information on PlanetLink, please visit the company's Web site at: http://www.plcweb.net