CUMMING, Ga., July 27, 2006 (PRIMEZONE) -- PlanetLink Communications, Inc. (OTCBB:PLKC), a provider of GPS satellite-based products and services, announced today that we have received our second paid order in July, for 26 units, secured by R&R Sales Group.
This order for 26 units from a produce distributor brings the total sales for R&R to 53 units so far for the month of July. R&R has sold 130 units since the inception of our agreement on May 9, 2006. We have seen acceptance of GPS Fleet Tracking Systems by businesses in several different sectors.
PlanetLink's Chief Financial Officer, Mary Hitt stated, "Since the inception of our agreement with R&R we have exceeded our projected revenues for May, June and July. In our current breakeven analysis we need to sell 130 units per month to breakeven. With the recent success of the R&R sales team and the addition of our V.P. of business development, we believe that we should be able to easily hit 130 units per month and breakeven by the end of the year."
M. Dewey Bain, President of PlanetLink, stated, "We are pleased to see that our growth strategy has been successful and that we have begun to surpass our projected numbers each month for the past few months. The combination of successes from Karta, R&R and the appointment of our new V.P. of business development should have us past the breakeven stage by the end of the year."
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: 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.