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Skynet Telematics.Com Announces: USA Motorcycle Franchise Sold to USA Consortium

28 March 2000

Skynet Telematics.Com Announces: USA Motorcycle Franchise Sold to USA Consortium

    LONDON--March 24, 2000--Skynet Telematics.Com (OTCBB:SKYI) today announced the sale of the exclusive rights to exploit the USA Motorcycle market for the unique SKAMP Motorbike Telematics product for a payment of US$777,000 plus 5% of annual profits.
    Skamp Motorbike Telematics offers motorcycle riders vehicle security, with motion and crash sensors as well as full communication through Helmet originated speakers and microphones allowing GSM phone calls using a specially designed 4 button kit. The Skamp motorbike, communicates GPS positioning data to a central monitoring station using SMS (short message system).
    In the event of an attempted theft, accident, emergency or if the rider is thrown from the motorbike, the central monitoring station is alerted and an immediate response by emergency vehicles is made to the exact location of the motorcycle.
    The life saving Skamp motorbike provides motorcycle users with vehicle security, driver and passenger security, telecommunications, pro-active tracking, pro-active routing, full concierge service and Internet access.
    At an anticipated all in cost (including cost of hardware and fitting) of only US$2.00 per day, on a 3 year contract, this product is expected to substantially reduce insurance costs and achieve a high level of demand, with the USA consortium estimating sales of in excess of 50,000 units by the end of 2003.
    Skynet Telematics.com is a Nevada, USA company based in the UK, involved in the development, marketing and distribution of integrated telematic, Internet, tracking, location and communication systems and the provision of specialised monitoring and concierge services to users of these products in the UK and throughout Europe. Skynet Telematics.com have joint venture agreements covering 31 countries in Europe and the Middle East.

    This press release contains forward looking statements regarding the Company's business strategy and future plans of operation. Forward looking statements involve known and unknown risks and uncertainties. These and other important factors, including those mentioned in various filings with the Securities and Exchange Commission made periodically by the Company (available to the public at www.sec.gov ), may cause the actual results and performance to differ materially from the future results expressed in or implied by such forward looking statements. The forward looking statements contained in this press release speak only as of the date hereof and the Company disclaims any obligation to provide public updates, revisions or amendments to any forward looking statements made herein to reflect changes in the Company's expectations or future events.

Skynet Telematics Inc - Public company quoted in USA OTC-BB, Symbol SKYI. For further information on Skynet Telematics, please visit our: Website:www.skamp.co.uk

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