Chaperone Satellite GPS Tracking System Orders Exceed $2.65 Million
DETROIT--Dec. 6, 2001--AVL Information Systems, Ltd. (Toronto/CDNX: YAV.V) and "I-TRACK," Inc. (US/NASDAQ BB: ITRK.OB) (www.whereismycar.com), AVL's Exclusive World Wide Distributor, announced today, it has received three purchase orders from three newly signed Chaperone(TM) Distributors.VISIONWireless, a division of Beaumont Sound of Beaumont, Texas, New Scope Marketing of Everett, Washington and Sistemas Satellitas of Mexico City, Mexico represent the companies involved in these orders.
Wireless network solutions will be provided by Cellemetry(TM), a subsidiary of Numerex Corp. "Thanks to the aggressive expansion of Numerex/Cellemetry(TM) networks into both North and South America, Puerto Rico and the Caribbean, we have seen overwhelming market acceptance of our personal asset tracking device," said AVL Vice President, Gary Ryan. Numerex's Cellemetry(TM) group provides one of the largest and most comprehensive networks in the world, and will allow seamless coverage for the Chaperone(TM) tracking system.
"I-Track," Inc. management is presently negotiating with three major manufacturing concerns to mass produce the Chaperone unit and expects to select a manufacturer this week. This manufacturer will build the first Chaperone(TM) production run over the coming weeks. "The advantage of producing our units in these kinds of quantities is obvious, it will reduce our costs dramatically and position `I-Track' most competitively to capture significant market share in the growing telematics GPS market," states Barbara Castanon, "I-Track's" president.
VISIONWireless has picked Chaperone as a 21st century technology winner. Our distribution partner has expressed great interest in the product. "We considered a number of other AVL Satellite tracking solutions, but chose Chaperone(TM) because of its reliability, quality and price point. Chaperone(TM) is well positioned to gain wide market acceptance in a short period of time," states Jack Brothers, director of new business development for VISIONWireless.
Sistemas Satellitas President, Victor Presichi states, "Latin America, South America and the Caribbean offer excellent opportunities for our Chaperone(TM), based on the high incidents of auto theft and car jacking situations. The insurance industry in these countries is extremely supportive of asset tracking and the reduction of risk associated with its application."
New Scope Marketing President, Bradley Snyder says, "Chaperone(TM) GPS tracking devices are both a commercial and personal `must have' device these days. We are seeing Pacific Northwest businesses moving rapidly toward deployment of such devices and we feel the Chaperone(TM) is one of the best fits for the industry."
The ability of "Chaperone" to benefit customers in all of North America is directly related to the communication network and coverage area offered through Numerex by its subsidiary, Cellemetry(TM).
Numerex is a technology company comprised of operating subsidiaries that develop and market a wide range of communications products and services. The Company's primary focus is wireless data communications utilizing proprietary network technologies. Numerex offers products and services in wireless data communications through Cellemetry(TM) and Data1Source(TM). It also offers digital multimedia through PowerPlay(TM) and IPContact(TM). These services enable customers around the globe to monitor and move information for a variety of applications, from home and business security to distance learning. In addition, the Company offers Wireline Alarm security products and services, as well as telecommunications network support systems.
Cellemetry(TM) provides two-way, wireless data connectivity for a variety of machine-to-machine communications that remotely monitor, measure, or track fixed and mobile assets. The Cellemetry(TM)-patented technology has been licensed to strategic partners and application developers providing a broad range of solutions widely available across North America and is initiating expansion in South America.
AVL Information Systems, Inc. and "I-Track," Inc. are owned in whole or in part by AVL Information Systems, Ltd., a high tech research and developer of the world's first event-based AVL (automatic vehicle location) hardware and FleetTrack(TM)/Listener(TM) software solutions, and the creator of the Internet-based Chaperone(TM) line of self-contained GPS satellite tracking devices for commercial and personal use. AVLIS is a recognized leader in fleet management solutions using wireless communication infrastructures worldwide.
FORWARD LOOKING STATEMENTS:
This press release may contain historical information and statements that may not be indicative of future results. A number of factors affect "I-Track," Inc., AVL Information Systems, Inc., and AVL Information Systems, Ltd. operating results and could cause the company's actual future results to differ materially from any results indicated in this press release or in any other forward-looking statements made by, or on behalf of "I-Track," Inc., AVL Information Systems, Inc., and AVL Information Systems, Ltd. including those related to its respective markets, the demand for applications such as wireless communications, the demand for products utilizing GPS technology, and performance of its chosen manufacturing facilities. I-Track, Inc., AVL Information Systems, Inc., and AVL Information Systems, Ltd. cannot provide any assurance that future results will meet expectations. Results could differ materially based on various factors, including the company's performance and market conditions. In addition, historical information should not be considered an indicator of future performance.
Statements contained in this press release concerning Numerex that are not historical fact are "forward-looking" statements and involve important risks and uncertainties. Such risks and uncertainties, which are detailed in Numerex's filings with the Securities and Exchange Commission, could cause Numerex's results to differ materially from current expectations as expressed in this press release.
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