MONTREAL, April 12, 2006 (PRIMEZONE) -- CQIP Investments has forwarded a Letter of Intent to Damya International ("Damya") to acquire a 50% interest in the operations of Damya, a telecommunications company. Damya, CQIP and Satelinx (Pink Sheets:SLXI) have entered into a Memorandum of Understanding whereby the operations of Damya are to be incorporated into Satelinx. This will have the impact of extending and expanding the operations into numerous additional countries in both Africa and Europe and generating important sales growth in the areas of VoIP, Telephony and Voice Virtual Private Network Solutions.
This proposed addition to the Satelinx family will add key components to our present product lines and the future products of Satelinx. As a result of combining the companies' technologies, their products are the only VoIP products with voice encryption, which gives the company's products a significant security and privacy advantage. Currently this market is about $150 million per year and is projected to rapidly expand to over $1 billion in the next five years.
About Damya International:
Damya International, located in Montreal Quebec, is a telecommunications company specializing in VoIP and Voice Private Networks. Damya was established in 1999 and revenues last year exceeded US$1 million and this year are expected to exceed US$6 million.
About CQIP:
CQIP is an early/seed-stage through to mature stage hands-on venture capital investment firm dedicated to helping exceptional entrepreneurs build world-class companies. Typical investments can range between $250,000 and $1 million, and CQIP follows that up with active participation in the various enterprises. CQIP's present portfolio include:
-- Engineering quality inspection firm -- est. 2006 volume $6 million
-- Global IP, satellite technology and service provider -- est. 2006
volume $16 million
-- Conglomerate of varied manufacturers and distributors -- est. 2006
volume $20 million
-- Consolidated companies in the construction industry -- est. 2006
volume $6 million
-- Local and national publisher and printer of varied newspapers
and journals -- est. volume $4 million
-- Environmental waste company -- est. 2006 volume $7 million
About Satelinx International:
Satelinx International Inc. provides satellite vehicle tracking units that integrate 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. Satelinx and CQIP have entered into a letter of intent whereby CQIP will acquire a 51% interest in Satelinx.
The Satelinx International Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1717
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