CUMMING, Ga., May 31, 2006 (PRIMEZONE) -- PlanetLink Communications Inc. (OTCBB:PLKC), a provider of GPS satellite-based products and services, announced today that following our receipt of Preferred Vendor Status and the subsequent presentation at the Two Men and a Truck Annual Convention for all the national franchisees, we have received signed contracts from the first five locations the during the month of May.
The franchise locations in Fraser, Michigan, Ft. Myers, Florida, Glen Mills, Pennsylvania, Pittsburgh, Pennsylvania and Greenville, Wisconsin represent a total vehicle opportunity of 57 trucks. PlanetTRAKS is also conducting needs assessments, ROI evaluations and demos with several other franchise locations at this time.
PlanetTRAKS was granted "Preferred Vendor" status prior to the TMT annual convention in April 2006. Since the convention, many of the TMT franchise operators have expressed interest in utilizing TransTRAK and are conducting serious in-depth analysis of the cost/benefit reality associated to GPS vehicle monitoring.
Larry Lapaglia, Director of Agent Programs for PlanetTRAKS, stated that, "The interest level is very high with many of the franchisees. In the past, they would discount the addition of GPS vehicle monitoring as just another operating expense. Now, those same franchisees are either relaying their experience of operating expense reduction benefits using TransTRAK or expressing a willingness to install TransTRAK in some of their trucks. The proof is in the pudding. As these franchise operators realize the benefits of using TransTRAK, they are becoming our sales voices."
PlanetTRAKS Chief Executive Officer M. Dewey Bain commented, "I know it has been long time in the making. Now we are seeing many of our efforts beginning to bear fruit at the same time and we expect to see rapid growth in the upcoming quarters. What we have seen so far with the steady sales increase is going to increase in intensity."
If you wish to learn more about how PlanetTRAKS and the TransTRAK system can help your company reduce fuel costs and increase the productivity, efficiency and safety of your fleet, please contact Larry Lapaglia (210) 442-2404.
About PlanetLink Communications, Inc.
PlanetLink Communications, Inc. recently launched its TransTRAK(tm) product through its wholly owned subsidiary, PlanetTRAKS. The Company is developing a family of GPS-enabled products and services under the PlanetTRAKS name. TransTRAK(tm) is the first of these products and is the Company's turn-key solution for real-time, mobile asset management. From tracking vehicle speed and location in real-time to controlling vehicle functions through remote access, TransTRAK(tm) allows the customer to actively monitor and manage virtually any type of mobile asset. For more information on PlanetLink, please visit the company's Website at: http://www.planettraks.com.
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.