NavLynx Technologies Auto Tracking System Wins Approval by Allstate Canada - Quebec

- Merger With Zenith Technologies Previously Announced -

IRVINE, Calif., July 23 -- NavLynx Technologies, ( www.navlynx.com ), Toronto, Canada, with a subsidiary in the United States, has announced that Allstate Canada (Quebec) Insurance Company has modified its insurance guidelines to include NavLynx' AutoGuard Tracking(TM) system. Customers installing the technology, which has proven vital in lowering stolen vehicle loss ratios, will be eligible to receive premium discounts on their automobile insurance.

NavLynx also recently announced that it has entered into a binding letter of intent to merge with Zenith Technologies, Inc. (BULLETIN BOARD: ZNTH) . The transaction is subject to final board and shareholder approval by NavLynx and final due diligence by Strategy Partners, LLC, an advisor to the Tiger Fund, ( www.thetigerfund.com ), which owns 94.5 percent of the total issued and outstanding capital stock of Zenith Technologies.

The NavLynx system, with its unique abilities to track and find a stolen vehicle, already is the preferred vendor to a number of large rental and commercial fleet operators, as well as law enforcement agencies throughout North America. "As we launch into the consumer market, and pursue a number of opportunities in the U.S. market, support from insurance partners as important and well-known as Allstate Canada will allow us to bring the maximum benefit to all our customers," said Jeff Henry, NavLynx President and CEO.

Forward-Looking Statements

Certain statements in this news release that relate to financial results, projections, future plans, events, or performance, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and involve significant risks and uncertainties, including, but not limited to, the following: competition, cost of components, product concentration and risk of declining selling prices. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These risks and uncertainties, and certain other related factors, are discussed in the Company's Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission. These forward- looking statements are made as of the date of this release and the Company assumes no obligation to update such forward-looking statements.