MONTREAL, July 15, 2005 (PRIMEZONE) -- Satelinx International Inc. (Pink Sheets:SLXI), a global provider of satellite vehicle tracking services, is pleased to announce today the appointment of Claude P. Moreau as a member of the board of directors.
Mr. Moreau is among the most experienced executives worldwide with a career that spans over 25 years in International Marketing and Business Development.
As a corporate executive Mr. Moreau has achieved a number of milestones and has been a leader and driving force in the development of various companies. He has held various Senior Executive positions with Chevron Petroleum in Latin America and West Africa including President of Texaco Puerto Rico and Virgin Islands. Mr. Moreau has also been a representative for Government sponsored studies promoting the integration of energy policies in Central America.
In addition, Mr. Moreau was the Vice President Marketing and Business Development for Couche Tard Inc. where he was responsible for business development, franchising and marketing, following the company's initial public offering on the MONTREAL STOCK EXCHANGE. The Couche Tard Inc. stock is presently trading at $19.60 on the TORONTO STOCK EXCHANGE. Couche Tard Inc. has a total of 4,881 outlets in Canada and the U.S.A. of which Circle K represents 2,290 outlets.
Mr. Moreau graduated from Laval University with a Bachelor's degree in Finance, Administration and Marketing. He speaks French, English, Spanish and Portuguese.
"With his vast business experience and international contacts, Mr. Moreau, will be instrumental in assisting Satelinx in the opening of new markets worldwide thereby increasing our international exposure which should result in a very positive upturn in our stock value, Mr. Moreau is of the opinion that given the demand for the Satelinx products on the international market that the stock should be trading well over the $2.00 per share" said Sam Grinfeld President of Satelinx International.
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 owner, 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.
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