Mass Market Auto Theft Recovery System
30 June 1999
Mass Market Auto Theft Recovery System; Centraxx, Inc. Retains Broker Relations SpecialistsHILTON HEAD, S.C., June 30 -- Stockcom, Inc. today announced it has been retained by Centraxx, Inc. (OTC Bulletin Board: CNXX) to inform Wall Street about its patent pending technology for locating stolen automobiles. Automobile theft is the most costly property crime in the U.S. CNXX's UNI-POINT(TM) vehicle tracking system automatically transmits the exact location of the vehicle if it is stolen, or in an emergency. It provides cost effective peace-of-mind and is superior to existing GPS or triangulation technology. Frank Gerlach, VP and Chief Engineer, says, "When you buy the system, you get a specially encoded wireless electronic key and a small undetectable electronic 'tag' you attach to your car. The tag is virtually undetectable and cannot be disabled. When the car moves, the tag 'wakes up' and looks for the presence of the key. If the key is not detected, it treats the event as a probable theft and an alert is transmitted to the Centraxx monitoring center by the nearest base station. Dynamic real time tracking is initiated immediately and the police are notified enabling prompt recovery." He added, "The real beauty of our system is that it is self arming and a theft is detected within seconds. UNI-POINT(TM) can continuously pinpoint the location accurately within 10 meters, before the vehicle can be dismantled. It works in dense urban areas, heavily forested areas, within closed buildings, and even in shipboard containers where most professionally stolen cars end up." CNXX's system costs only $130, plus $5/month monitoring fee, making it the first auto locating system priced for mass market appeal. The system's platform technology is applicable in numerous areas including, E911, personal and child safety, and asset management. The products' low cost allows use by individuals, schools, hospitals, corporations, retail outlets and government. Centraxx is currently exploring additional profitable areas and vertical marketing prospects. Stockcom, Inc. updates brokers throughout the United States on a one-on-one basis on behalf of its publicly traded company clients. Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995. This announcement contains "forward-looking" statements. Although we believe that the statements contained in this announcement are reasonable, we can give no assurances that such statements will prove correct.