CHAMPION Communication Services, Inc. Announces New Server Based Vehicle Tracking System
THE WOODLANDS, Texas, June 26 -- CHAMPION Communication Services, Inc. (BULLETIN BOARD: CCMS) (the "Company") announced today the installation of its new server based vehicle tracking system. The tracking segment of the new TALK 'N TRACK(TM) product has been Beta tested and is now functioning in each of CHAMPION's five markets. These five markets are Chicago, Dallas/Fort Worth, Houston, San Francisco and Washington, D.C./Baltimore.
The Company is conducting seminars in each market to introduce the new product. Several counties in the five-market area are now requiring transportation companies serving certain industries to have vehicle tracking. Accordingly, if a transportation owner wishes to contract with the county, the transporter must have vehicle tracking. Commodities that are required to be transported by trucks having vehicle tracking include fuel, chemicals and trash.
Albert F. Richmond, Chairman and CEO stated "We anticipate that mandated requirements for vehicle tracking will become universal during the next few years. We think this product has a bright future."
CHAMPION is a publicly owned company which trades on the TSX Venture Exchange (YCJ) and U.S. Over the Counter Bulletin Board (CCMS) and is a leader in wireless UHF trunked two-way communications.
As of June 20, 2003, there were 4,092,268 shares of the Company's common stock, $0.01 par value outstanding.
For further information contact: Mr. Albert F. Richmond, Chief Executive Officer Telephone: 1-800-614-6500 Fax: 1-281-364-1603
Please note that this press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Except for historical information, the matters discussed in this press release are subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. Factors that could cause actual results to differ materially include, but are not limited to, the following: the Federal Communications Commission granting the requested license transfers; fluctuations in the Company's tower rental expenses; inventory and loan balances; competition; acquisition and expansion risk; liquidity and capital requirements; government regulation; the Company's ability to acquire and sell spectrum; and other factors listed from time to time in the Company's SEC reports.