MONTREAL, June 23, 2005 (PRIMEZONE) -- Satelinx International Inc. (Pink Sheets:SLXI) a global provider of satellite vehicle tracking services, announced today it has signed a letter of intent, which calls for Next Group Brasil Limitada to market Satelinx' products and services in Brazil. Under the proposed terms, Next Group expects residual revenues to grow to over $30 million U.S. over the next 60 months.
"A strong presence such as the one enjoyed by Next Group of Brasil Limitada will enable Satelinx to penetrate the Brazilian market at a very rapid pace," said Sam Grinfeld, President of Satelinx International Inc.
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.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.