NanoSignal Corp. Announces the Acquisition of Global Access Technologies
LAS VEGAS--March 22, 2005--NanoSignal Corp., an OTC PINK SHEET fully reporting company (Pink Sheets:NNOS), had announced on March 18 that it had signed a letter of intent with Global Access Technologies to acquire 100 percent of the company.Today NanoSignal Corp. announced the successful acquisition of 100 percent of Global Access Technologies. The negotiations began under former NanoSignal President Gary Walters and are now completed under the leadership of NanoSignal's new president, James Wolf. Wolf said, "Global Access Technologies is a jewel in the marketplace of the global positioning satellite systems market."
The company uses telemetrics employing the satellite-based Global Positioning System (GPS) and other wireless technology to track the movement of vehicles, assets and humans. Extensive market research and documented evidence from a variety of sources has revealed a significant future growth curve employing a tenfold leap in the deployment of vehicle and human telemetrics solutions.
Global Access Technologies Inc., formed to develop products with the capacity to follow when, where and how a vehicle is driven, where an asset is, and where a human is "real time," has developed into a unique industry with massive demands. Latest projections predict a $16 billion market in 2005.
AutoBug(TM) is a unique personal satellite vehicle tracking system, which is entirely controlled by the owner. AutoBug(TM) uses satellite navigation technology to pinpoint the location of a vehicle, which may be lost, stolen, broken down, in an accident or, more commonly, simply not where it is supposed to be.
AutoBug(TM) does not require you to rely on any central tracking unit, or the police, to locate your vehicle. It is simply a matter of calling up the small AutoBug(TM) unit concealed in the vehicle, from your PC or laptop, and within seconds ("real time") a moving map display will show you the precise location, speed and direction of the vehicle. It is as easy to use as a mobile phone, and unlike the competition requires no third party to interpret the information.
AutoBug(TM) - "PDA" Available Software - "XDA" Solution
In addition to the laptop and PC, the product comes with a PDA option. This allows the owner to track the unit with a handheld Windows-based PDA. The unique addition of software allows not only tracking in conjunction with the hard-wired device in the vehicle, but includes an IN-CAR Navigation System. This system shows the driver how to reach a specific destination. The unit comes with an IN-CAR holding device that is wired to the AutoBug(TM) device in the vehicle and allows the driver to view his route on the PDA screen, with updated routing by a voice operator.
Medical Monitoring -- Further miniaturization, coupled with medical monitoring technology, will lead to the launch of HeartBug(TM), designed to alert instances of potential heart problems with a simultaneous position fix to a pre-determined help line or personal number. Asset Protection -- Still further miniaturization of the technology will permit a tracking device to be placed on or within items of value such as laptop computers, paintings, etc.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.