VANCOUVER, British Columbia, Oct. 7, 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 C-Chip Technologies Corporation (OTCBB:CCHI), which has developed C-Chip(tm) technology, a new wireless, web-based set of communication tools that offers business users remote access, control, and monitoring of a wide range of assets, including vehicles, office equipment and industrial machinery. It allows selective enabling, disabling and any other commands at will, from anywhere to practically anywhere in North America using the Internet. Applications for the C-Chip(tm) technology offers significant opportunities within the markets for credit, security and asset management solutions.
C-Chip Technologies Corporation is positioned in an emerging and rapidly growing industry which is about interconnecting Machines with IT infrastructures and Mobile assets. It integrates wireless communications, on-line transactions, software applications, RFID technology, the Internet and, when location is required, GPS technology to enable business users to efficiently access, control and manage remote assets at low costs. The Company's goal is to be recognized as a leading provider of credit management solutions for financial institutions, of security solutions for insurance companies and asset management solutions for car rental companies and urban fleets.
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 quality junior to medium sized companies that 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.
Howlett Research Corp. has accepted a cash fee of under $10,000 from C-Chip Technologies Corporation in preparing the research report which represents the total consideration due. Howlett Research Corp. has not been involved in, nor does it envision participating in any transaction or investment banking business related to C-Chip Technologies Corporation. Howlett Research Corp. does not own shares of C-Chip Technologies Corporation and does not trade in its shares.
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 C-Chip Technologies Corporation, contact: C-Chip Technologies Corporation, Stephane Solis, President, 877-339-2447, ssolis@c-chip.com, www.c-chip.com