AXONN Announces Customer Financing Options for Its AXTracker(TM) GPS Tracking Device

NEW ORLEANS, May 3, 2004 -- AXONN has teamed with Intel Financial to make credit available to qualified customers interested in purchasing AXTracker devices. AXTracker is a battery operated mobile tracking device that is delivered ready-to-go, installs in minutes and operates with the Globalstar Simplex Data Service.

"AXONN's arrangement with Intel Financial will offer qualified customers favorable credit terms as well as the convenience of purchasing product and securing financing at the same time and place," stated Bob Olsavsky, General Manager of AXONN. "The bottom line is our customers can get AXTrackers deployed and working for them more quickly than if they were to take more traditional financing routes." AXTracker customers can apply online at www.intelfinancial.net or via fax. Application forms and a link to Intel Financial are available at www.axtracker.com . Lease plans are also available from Intel Financial for longer term financing.

AXTracker is seeing enormous interest among Value Added Resellers who provide services to the trucking industry in North America, Europe and the Middle East. AXONN offers demo kits that include two AXTrackers and a variety of accessories to enable potential customers to evaluate the product. Gary Naden, Vice President of AXONN stated "we are delighted to be able to make an AXTracker demo kit available to those interested in test-driving our product as it allows potential customers to experience the versatility of the AXTracker first-hand."

AXONN, L.L.C., is located in the Advanced Technology Center at the University of New Orleans Technology Park. AXONN creates wireless data acquisition (DA) and monitoring products and solutions. AXONN's proprietary radio telemetry devices offer high performance operation at the lowest industry price points. Established in 1985, AXONN technology currently enables over 11 million telemetry devices operating in the field. For more information, contact Gary Naden at AXONN, e-mail: garyn@axonn.com or phone 504.282.8119 ext. 605.