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Centraxx Signs Alliance Agreement with Major Insurance Company

10 March 2000

Centraxx Signs Strategic Alliance Agreement with Major Insurance Company; Insurer to Market Company's AutoRescue System

    TORONTO--March 8, 2000--Centraxx Inc. (OTCBB:CNXX) has signed a Strategic Alliance Agreement with a leading insurance company for the purpose of introducing the Centraxx AutoRescue(TM) vehicle tracking and recovery system to the Ontario and Quebec market area and to reduce claims due to auto theft and related damage.
    The insurance company has requested that its identity not be disclosed until the joint program has been implemented and announced by the insurer.
    The insurer and Centraxx have agreed to develop a direct marketing package and a broker incentive plan to support the joint program. Centraxx estimates that this joint program should generate significant revenue for the company.
    The market area encompasses Southern Ontario, including the cities of Toronto, Hamilton, St. Catharines, Windsor and Ottawa, and all major northern highway arteries. Quebec includes the cities of Montreal and Quebec City and arteries leading to and from the Ontario coverage.
    "This is a breakthrough deal for us," stated Centraxx Chairman and CEO Michael Ivezic. "This first insurance industry partnership represents a significant amount of potential revenue. We are very pleased to enter into agreement with such a quality strategic partner. As one of the top insurers in Canada and with over 500,000 policyholders, the potential for this one program alone is obviously enormous."
    Centraxx Inc. is a wireless data communications company currently focusing on providing location technology solutions to the mass market. Centraxx has a patent pending RF land-based system that it intends to deploy in a network configuration in key markets across North America.
    Centraxx UNI-POINT(TM) technology is capable of providing high-speed, two-way data transfer and single point tracking and locating information. Over time, this proprietary, high capacity network will facilitate the wireless transfer of data for a wide range of products and applications.
    Centraxx will first introduce an automotive application, the AutoRescue vehicle tracking and recovery system with AutoRescue PLUS(TM) roadside and emergency notification service. This will be the world's first vehicle tracking system combining high accuracy, self-arming reliability and affordability.
    More information regarding Centraxx and its products and services can be found on the World Wide Web at www.centraxx.com.

    Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, acceptance of the Company's products, increased levels of competition, new products and technological changes, the Company's dependence upon third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

    Note to Editors: The information in this release has been neither approved nor disapproved by any regulatory body.