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Centraxx And Zurich Canada Teaming Up To Combat Auto Theft In Ontario And Quebec

1 June 2000

Centraxx And Zurich Canada Teaming Up To Combat Auto Theft In Ontario And Quebec

    TORONTO--June 1, 2000--Centraxx Inc. (OTCBB:CNXX) and Zurich Canada have joined forces to combat auto theft in Ontario and Quebec utilizing the Centraxx AutoRescue(TM) system and involving a special program developed for Zurich Canada auto policyholders in the area.
    Zurich Canada and Centraxx will jointly develop a direct marketing package and a broker incentive plan to support the program.
    The market area for Ontario will include the Golden Horseshoe area and Windsor to Ottawa areas, as well as all major northern highway arteries. The market area for Quebec will include Montreal and Quebec City and arteries leading to and from the Ontario coverage area. Zurich Canada has approximately 430,000 insured vehicles in the market areas that could potentially be protected by the Centraxx AutoRescue system. Centraxx and Zurich estimate that the participation rate in the joint program could exceed 50%. The program will be gradually rolled out in lockstep with the Centraxx network buildout later this year and into 2001.
    "Partnering with the insurance industry offers many synergies," stated Centraxx V.P. Sales, Bob Hill. "It is an excellent distribution channel for AutoRescue and it enables another forward-thinking insurer to reduce losses associated with car theft and to strengthen customer relationships through added benefit programs. We are delighted to add Zurich Canada as a strategic partner."
    "The Centraxx AutoRescue program provides Zurich with an effective tool for managing risk associated with automobile theft and equally important, an opportunity to enhance the Zurich experience for our policyholders," stated Zurich Canada Director, Pricing & Product Development, John Chan. "We look forward to a mutually beneficial relationship with Centraxx."

About Centraxx Inc.
    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 and LifeLink(TM) automatic collision notification. 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.

About Zurich Canada
    Zurich Canada is one of the country's leading providers of home, auto and life insurance protection to Canadians, their families and businesses. Zurich Canada is a member of Zurich Financial Services, a leading internationally-recognized provider of insurance and financial services in nonlife and life insurance, reinsurance and asset management. It offers financial protection and investment solutions to customers in the personal, commercial and corporate market segments. Headquartered in Zurich, Switzerland, the group operates in 50 countries worldwide and employs 47,000 people.
    More information regarding Zurich Canada and its products and services can be found on the World Wide Web at www.zurichcanada.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.

    (The information in this release has been neither approved nor disapproved by any regulatory body.)