CUMMING, Ga., June 5, 2006 (PRIMEZONE) -- PlanetLink Communications, Inc. (OTCBB:PLKC), a provider of GPS satellite-based products and services, announced today that they have received their third signed contract, for 15 units, secured by R&R Sales Group under their recently signed agent agreement with PlanetTRAKS.
The newest contract for 15 units brings the total sales for R&R to 55 units since the inception of their agreement on May 9, 2006.
PlanetLink's Treasurer, Mary Hitt, stated, "The progress of the R&R sales team coupled with our in house sales has been phenomenal for the month of May. From a financial perspective, the strategies that we have been implementing have been bringing unprecedented results and sales to the table. As other programs in the works begin to produce sales, we expect to hit the profitable stage."
M. Dewey Bain, President of PlanetLink, stated, "We are pleased to see that our strategy of acquiring sales teams versus in-house sales teams, has taken off with a running start. R&R, our first sales team, has exceeded the sales production numbers that we expected. Based upon our success, we will be seeking to acquire more sales teams over the upcoming months. We expect to supplement each sales team with in-house salespeople to create a balance of in-house and outsourced sales."
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 turnkey 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.