NEWS RELEASE For Immediate Release OTCBB:CNXX
CENTRAXX AND SPEEDY SIGN RETAIL DISTRIBUTION AGREEMENT
Toronto, Ontario, May 18, 2000? Centraxx Inc. (OTCBB:CNXX) has signed a
Retail Marketing Agreement with Speedy Auto and Window Glass Ltd (?Speedy?).
The agreement calls for Speedy to market, sell and install the Centraxx
AutoRescue(TM) vehicle tracking and location system and the AutoRescue
PLUS(TM) roadside and emergency notification system through its retail
locations in Southern Ontario, Canada. Centraxx and Speedy have agreed to
jointly develop and launch various merchandising and retail programs to
promote the sale of AutoRescue. As the Centraxx network area is expanded,
Speedy also intends to sell AutoRescue in those areas where they have retail
units.
?The Speedy organization is a perfect fit for us,? stated Centraxx VP Sales,
Bob Hill. ?As an industry leader, Speedy will provide excellent retail
exposure for our products. They have concentrated presence in Southern
Ontario and in many other key markets Centraxx expects to enter. Speedy
will also add value as an authorized installation partner providing
professional on-site installation for AutoRescue customers. They currently
provide a similar service for several major insurance companies.? Mr. Hill
added, ?We are delighted to welcome Speedy to the growing family of Centraxx
strategic partners.?
?The auto glass industry is a natural retail channel for Centraxx AutoRescue
and certainly at Speedy where we are always searching for better ways to
serve our customers and to offer quality automotive aftermarket products,?
stated Speedy V.P. Sales & Marketing, Bill Robertson. ?Speedy anticipates
selling a substantial number of systems because of the low price and
functionality. We expect AutoRescue to be a big winner for us.?
About Speedy Auto and Window Glass Ltd.
Established in 1946, today Speedy Auto and Window Glass has over 288
strategically located retail branches throughout North America. Speedy
provides superior quality automotive and home/business glass replacement, as
well as repair services. In 1998 Speedy opened the industry?s first call
center designed to process auto glass repair and replacement claims for
insurance companies. Speedy Auto Glass is a division of TCG International
Inc. (www.tcgi.com).
More information regarding Speedy Auto and Window Glass and its products and
services can be found on the World Wide Web at www.speedyglass.com.
About Centraxx Inc.
Centraxx Inc. is a wireless data communications company currently focusing
on providing location technology solutions. 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 roadside and
emergency notification and LifeLink(TM) automatic collision notification.
Rollout is expected in Southern Ontario, Canada in the fourth quarter this
year. 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.
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For more information contact:
Centraxx Investor Relations:
Chuck Courson, Director
Frankopan & Co.
Tel. 1-800-355-1564 Ext. 243
E-mail: ccourson@frankopan.com
Centraxx Inc.:
Michael Ivezic
Chairman and CEO
Tel. 905-826-9988 Ext. 224
E-mail: mivezic@centraxx.com
Speedy Auto and Window Glass Ltd.:
Bill Robertson
V.P. Sales & Marketing
Tel. 905-669-7707
E-mail: billr@speedyglass.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.)
Chuck Courson
Financial Public Relations
Frankopan & Co.
1-800-355-1564 Ext. 243
www.frankopan.com |
