Teleon Corporation Merges with Auto Centrix, Inc.

TAMPA, Fla.--Aug. 2, 20046, 2004--Teleon Corporation (formerly TLOC), announced it has closed an exchange agreement with Auto Centrix, Inc. (and the new symbol is PK.ATCX), a Canadian Corporation to acquire 100% of ACI issued and outstanding shares in exchange for 53,619,118 shares of Teleon and the assumption of limited creditor liabilities of Teleon.

Prior to the exchange agreement closing with ACI, Teleon majority shareholders voted and approved a reverse stock split of 100 to 1. During the same shareholders meeting, new directors were appointed, Mr. David C. Highmore and Ms. Wendy E. Northrup. David Highmore has assumed the role of President and CEO.

Auto Centrix, Inc. focuses on the facilitating the purchase, sale and re-sale of vehicles via a variety of internet methods which lowers the costs, expedites the sale process, while providing increased product information to customers. The products and services have been designed with the flexibility and scalability to interface with their clients existing systems.

ACI President/CEO, David C. Highmore said "the merger with Teleon will provide ACI new access to the United States market along with increased visibility in the Canadian market. We look forward to establishing new relationships with US automotive re-marketers and related companies." We look forward to bringing our technology platforms to market to improve, reduce costs for our customers and facilitate the process of remarketing vehicles to the auto auction business and related remarketing sectors."

'Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission