ATX Technologies Secures Additional $25 Million Backing From Vodafone to Enhance Telematics Services, Capabilities

    DALLAS, July 16 ATX Technologies, Inc., the leading
independent telematics service provider to the automotive industry, today
announced the close of a $25 million round of financing.  The investment was
made by Vodafone TeleCommerce, GmbH, a division of the world's largest mobile
telecommunications company, and a private contributor in what is expected to
be the company's last round of private equity funding.
    With rapid customer growth -- approaching 20,000 new subscribers each
month -- ATX intends to utilize a portion of the investment to fund the
development of an additional telematics response center scheduled to open in
2002.  ATX will also complete the enhancement of its system architecture to
provide telematics-based customer relationship management services, real-time
traffic services and third-generation, location-based emergency response
services.
    "We are very pleased that we have not only exceeded our revenue and growth
forecasts for the past six quarters, but we also expect to be cash-flow
positive later this year," said Steve Millstein, ATX president and CEO.
"These investments are a major milestone for us as they demonstrate that we
have the financial stability to meet the rapid growth in telematics and to
fund the infrastructure required to accomplish our objective -- helping our
automotive customers build their business and customer loyalty."
    Anticipating the importance for scalability in a rapidly expanding market,
this investment will triple the company's current operating capacity.
    The Vodafone investment continues a financial relationship with ATX that
began last year when the company purchased an approximate 20 percent equity
stake in ATX, thereby having a stake in telematics interests on both sides of
the Atlantic.
    "ATX continues to demonstrate a sound, realistic approach to building the
telematics market," said Josef Heimann, ATX board member and Vodafone
TeleCommerce's director of telematics and mobile services.  "We are familiar
with most telematics service providers worldwide and ATX is the unquestionable
leader in terms of depth of service provided to automotive customers."
    ATX integrates wireless communications, database functions, and location-
identification technologies to provide a complete line of telematics services,
such as emergency response, roadside assistance, automatic collision
notification, locating critical services, stolen vehicle tracking, convenience
services such as routing assistance and navigation, and more.  ATX is also
developing convenience services such as voice interactive real-time traffic,
routing assistance, and Web-based information provision.
    ATX serves nearly 300,000 subscribers through its customers' brands,
including Mercedes-Benz, Jaguar, Lincoln, and the Infiniti division of Nissan.
    ATX Technologies, Inc. is headquartered in Dallas-Fort Worth.  ATX
provides leading-edge telematics services for mobile applications including
automatic collision notification, location-based emergency response and
roadside assistance, stolen vehicle tracking, navigation and other location-
based information services.  The company pioneered in-vehicle and automotive
aftermarket applications of telematics beginning in 1995 and in 1999
introduced telematics services in handheld wireless devices.  ATX customers
include Mercedes-Benz, Ford, Nissan Motor Corporation's Infiniti division,
Jaguar, and Lincoln-Mercury.  Strategic alliances include Siebel Systems and
IBM.  For more information, visit http://www.atxtechnologies.com