CUMMING, Ga., May 18, 2004 (PRIMEZONE) -- PlanetLink Communications Inc., (OTCBB:PLKC), a provider of satellite-based products and services, announced today that it has entered into a test agreement with a large Mexican electric utility company. In accordance with the agreement, the utility company will test PlanetLink's mobile asset management system, TransTRAK, in a live environment for a period of 30 to 60 days. The utility company has 72,000 trucks that are in need of vehicle tracking services, and this agreement formalizes the relationship between the Mexican electric company and PlanetTRAKS, PlanetLink Communications' wholly owned subsidiary which markets TransTRAK. Given that this extensive testing phase proceeds to the satisfaction of both parties, the potential client would be prepared to make an initial order for a portion of its fleet. Larger orders may follow as the potential client documents the cost-benefit factor involved with installation of the TransTRAK system.
"We have completed a general test of our product with the Mexican electric utility company. They were impressed with what they saw and that test has led us to this formal agreement to conduct a very detailed product trial and test phase," stated PlanetLink Communications CEO, Mr. Dewey Bain. "There are several other milestones we need to reach with the prospective customer before this translates into revenues for us. We feel confident in the progress we have made so far and we are hopeful that they will continue to be pleased with the performance of our product. We realize that our prospective client, a large utility company, may require some time to go through the requisite channels to make a purchase. We are hopeful that we may be able to see revenues from this venture by the end of 2004."
The Company is currently finalizing the customization of its server to the country and language-specific needs of the potential customer. It is expected that the customization will be completed in the next three to four weeks. At that time, the test phase will commence and last 30 to 60 days. Upon completion of the test, it is anticipated that the prospective customer will place an initial order.
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 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