MONTREAL, Feb. 22, 2005 (PRIMEZONE) -- Satelinx International Inc.(Pink Sheets:SLXI) a global provider of satellite vehicle tracking, announced today that ING Canada, a subsidiary of the ING Group, one of the World's top financial institutions with over 60 million clients, has approved the Satelinx Vehicle Tracking device and will begin recommending it to their clients with a premium discount of up to 30%.
"Receiving the approval from ING is definitely a great achievement for our company. In Canada alone they are ranked amongst the largest insurers and our technology will enable them to significantly reduce losses due to automobile theft and provide their customers with some of the lowest insurance premiums in the industry," said Mr. Sam Grinfeld, President and CEO of Satelinx International Inc. "We believe that a good percentage of their clients will install our tracking unit into their vehicle to receive the premium discount, which will result in significant revenues for our company this year and for many years to come," further added Mr. Grinfeld.
ING Canada is the largest provider of property and casualty insurance in Canada based on direct premiums written in 2003. ING Canada's principal insurance products are automobile, property and liability insurance, which it provides primarily to individuals and small to medium sized businesses through its insurance subsidiaries across Canada. (ING Canada trades on the Toronto Stock Exchange under the symbol IIC.LV)
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.
About ING
ING Canada offers a wide array of insurance products and services to protect Canadians, their businesses and their assets. As one of the country's foremost financial groups, we're accessible via the Internet, over the phone, and in person.
ING Canada is part of the ING Group, which ranks among the world's top financial institutions -- active in banking, insurance and asset management -- with total assets in excess of $1,000 billion. Of Dutch origin, ING Group serves more than 60 million private, corporate and institutional clients in over 50 countries.
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