2-Track Global Announce First Commercial Sale To Easirent Of Newly-Launched Condor iTrac GPRS FMS Solution
NEW YORK--Sept. 19, 2005--2-Track Global Inc (OTCBB:TOTG) today announced that it had secured the first commercial sale of its newly-launched Condor iTrac product. The iTrac was only launched last week by 2-Track following the completion of the joint development process with Cheng Holin Technology Corporation. The customer is Easirent, a rental company that deals with all aspects of commercial vehicle hire with four branches throughout the UK and its own fleet of in excess of 400 vehicles. Under the terms of the contract, Easirent will launch the iTrac product into 30 of its vehicles with immediate effect.Mike Jung of 2-Track Global commented "I am pleased that we have been able to secure our first commercial contract in the UK for the sale of the iTrac product. Easirent is a large company with many different divisions and assets that require tracking and monitoring. This contract has been secured within only a few days of the launch of our product and this therefore is an important milestone for the company. The major benefit to customers of the iTrac over other tracking solutions is that it is a web-based product which enables vehicles and assets to be monitored and services provided over the internet. I am optimistic there will be a long association with Easirent and I am hopeful that the iTrac will be rolled out to Easirent's entire fleet".
Mr Paul Hanley of Easirent commented "We are delighted to enter into this contract with 2-Track for the supply of the newly launched iTrac product. This product provides us with a new dimension in terms of services we can provide to our clients. The web-based solutions will be of major benefit to our clients and it provides us with a cutting edge over our competitors".
2-Track Global Inc (TOTG) is a technology development and marketing company which owns, operates and licences proprietary telematics solutions combining hardware and software applications run over wireless or satellite networks to deliver remote security management of marine and cargo fleets (including consumer solutions aimed at the leisure, marine and domestic security markets) and commercial vehicle plant and machinery management and security. The company has communications architecture technology which provides global logistics solutions for the remote monitoring of freight containers over multiple transport mores.
Easirent is a rental company that specialises in all aspects of vehicle and plant hire. Easirent provides car hire, limousine service, motor homes, generator rental and commercial van hire. For further information on the Easirent Group please refer to www.easirent.com.
This press release includes certain statements, known as "forward-looking statements", which express the current expectations of 2-Track Global management. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect 2-Track Global Inc and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Unanticipated product manufacturing and delivery issues, customer order push-outs or cancellations and product performance could cause actual results to differ materially from those currently anticipated as expressed in this press release. These risks and other risk factors relating to 2-Track Global Inc are described more fully in the most recent Form 8-K filed by 2-Track Global Inc and other filings from time to time with the Securities and Exchange Commission.