MONTREAL, April 6, 2005 (PRIMEZONE) -- Satelinx International Inc. (Pink Sheets:SLXI) a global provider of satellite vehicle tracking, is pleased to announce that it has reached a three-year licensing agreement with a New York State-based operating corporate group to form Satelinx USA Inc. The agreement stipulates that Satelinx International Inc. and the New York State-based operating corporate group will share profits from all Satelinx USA Inc. operations.
The agreement grants Satelinx USA Inc. a license to market and distribute all Satelinx Intl. products and services throughout the United States. It requires annual sales of 15,000 units with annual growth of at least 10%. It is estimated that the joint venture will result in at least $23 million or more in sales of Satelinx vehicle tracking services alone.
"The formation of Satelinx USA is another example of our long-term commitment to bring the Satelinx product to the forefront of this rapidly growing industry," says Sam Greenfield, Satelinx Intl. CEO.
About Satelinx International Inc.
Satelinx Intl. Inc. provides satellite vehicle tracking units that integrate GSM/GPS/GPRS wireless technologies with the Internet to deliver wireless vehicle tracking and location services. Satelinx seeks to be recognized as a global competitor in providing safety and security solutions in a cost effective manner for vehicle owners, trucking or private vehicle fleets, 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.