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N E W S
R E L E A S E
For Immediate Release OTCBB:CNXX
CENTRAXX SIGNS NETWORK INSTALLATION AGREEMENT SETS SIGHTS ON SPRING PRODUCT ROLLOUT
Las Vegas, Nevada, October 7, 1999- Centraxx, Inc. (OTCBB:CNXX) has
appointed Azimuth Three Enterprises Inc. ("AZ3") as the main contractor to install its Southern Ontario network, the first phase of a planned North America wide network expansion.
Under the terms of their agreement, AZ3 is to immediately commence securing leases for specific tower and rooftop locations, and subsequently will be responsible for a complete network installation.
The network deployment is expected to commence in early spring 2000 and be substantially completed and operational within three months from the commencement date. The planned Southern California network is to be installed immediately following a successful Ontario launch.
The Centraxx Southern Ontario network will cover a wide geographic area bounded by Windsor, Niagara Falls, Ottawa and Sudbury. One-third of the Canadian population resides in the network coverage area. Each base station will be capable of independently monitoring and tracking the position of tagged vehicles utilizing the Centraxx UNI-POINT(tm) technology.
Location information will be instantly communicated to the Centraxx Monitoring Center enabling prompt responsive action.
The completion of the Southern Ontario network paves the way for the rollout of the Centraxx AutoRescue(tm) vehicle tracking and recovery system and the AutoRescue PLUS(tm) roadside and emergency notification service. AutoRescue PLUS will enable vehicle owners to summon emergency assistance to their exact location at the touch of a button. Centraxx products are expected be available through traditional distribution channels such as mass merchants, major retailers and car dealerships, as well as through strategic partners such as insurance companies.
"Centraxx is an exciting new opportunity for AZ3 and we look forward to being involved in this project by adding value through our in-the-field hands on experience and engineering expertise," stated AZ3 Vice President, Jean Diab.
"This is a significant step for Centraxx," remarked Michael St. Eve, V.P. Sales, Network Development. "This proprietary network will be the Centraxx communication backbone, both in the immediate future and for the long term. The Centraxx network will be initially used for vehicle tracking but the capacity is there to accommodate future applications, such as fleet management, cargo tracking and child safety."
Mr. St. Eve further commented, "With Centraxx AutoRescue, we intend to
significantly impact the motor vehicle theft problem in North America. In Canada nearly 500 vehicles are stolen every day and most of these vehicles are never recovered or if recovered they are severely damaged. Centraxx will soon provide the first cost-effective solution for this problem."
About AZ3
AZ3 is a full-service engineering, supply, fabrication, and installation firm offering turnkey solutions for the communication industry. Through its divisions AZ3 can be involved from the early stages of site investigation and site acquisition to the actual design, fabrication and installation of the required structures such as towers, shelters, rooftops, monopoles and special sites. AZ3 is involved in various markets throughout the world offering total solutions for the cellular, microwave, paging, PCS, iDEN and other wireless systems. AZ3 is a privately held corporation.
About Centraxx
Centraxx is a wireless data communications company specializing in providing location technology solutions. The company has developed a revolutionary locating system, which establishes a new industry standard for accuracy, speed and reliability. The Centraxx proprietary UNI-POINT technology is an RF land-based system, which can be deployed in multiple network and stand-alone applications.
The introduction of the Centraxx AutoRescue vehicle tracking and recovery system represents the first vehicle tracking system in the world combining 10-meter accuracy, affordability and self-arming reliability. Centraxx intends to respond to significant international market opportunities and introduce a continuous stream of products through direct sales and licensing agreements.
Centraxx shares are quoted and traded through the OTC Bulletin Board under the symbol "CNXX." More information regarding Centraxx and its products and services can be found on the World Wide Web at www.centraxx.com.
For more information contact:
Financial Public Relations Contact: Company Contact:
Chuck Courson, Director Michael St. Eve, Vice President
Frankopan & Co. Centraxx Inc.
Tel. 800-355-1564 (Ext. 243) Tel. 905-826-9988 (Ext. 225)
E-mail: ccourson@frankopan.com E-mail: msteve@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.
(The information in this release has been neither approved nor disapproved by any regulatory body.)
Chuck Courson
Financial Public Relations
Frankopan & Co.
www.frankopan.com |
