VANCOUVER, British Columbia, Canada, July 31, 2003 (PRIMEZONE) -- Howlett Research Corp. (www.howlett-research.com), a boutique research firm led by Jeff Howlett, President, announced today that it has recently published a comprehensive research report on Globetrac Inc. (OTCBB:GBTR), a company now commercializing a leading edge wireless fleet management system throughout Europe, a market with over 41 million commercial vehicles. This technology platform is made possible by a series of converging, best of breed technologies in the areas of 1) new GPRS wireless communications (always on, low cost, data not time-based system), 2) mapping software, 3) GPS capabilities, and 4) web-based data transfer. These systems are used in conjunction with PDA's and laptops, as well as other data devices.
This new, low cost technology enables functionality in areas of telematics (remote monitoring / diagnostics), on-demand polling, geofencing (setting up responses to virtual boundaries), as well as standard 2-way communication. Virtually all research firms (i.e. Strategis Group, Ovum Research, Forrester, etc.) expect major growth in vehicle location services, telematics, mobile office workers, and wireless markets generally.
Customers can become much more efficient in terms of routing, fuel reductions, and improved employee efficiency, and the capability to recover (or disable) stolen vehicles. In Europe, with the cost per mile for commercial vehicles of about $1.50, savings can be very large.
With the marketing effort just under way, early indications are very encouraging.
The full report can be found at www.howlett-research.com/Research.htm.
About Howlett Research Corp.
Based on British Columbia's Sunshine Coast, Howlett Research Corp. has been completing company specific research reports for a range of publicly listed companies for over 10 years in a variety of industry sectors. The reports are developed for junior to medium sized companies that are undervalued relative to its peer group and lack adequate coverage by the financial community. These reports attempt to explain how the company is positioned in its competitive environment, along with what its business development/growth strategy and associated market potential is.
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Registration Statement and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC).
For additional information on GlobeTrac Inc., contact: 800-648-4287 (toll-free), www.globetrac.com