CENTRAXX DEMONSTRATES BREAKTHROUGH WIRELESS TECHNOLOGY
Las Vegas, Nevada, December 10, 1999? Centraxx, Inc. (OTCBB:CNXX) today
announced the successful demonstration of its breakthrough high-speed,
wireless two-way data communications technology. During the December 9,
1999 public demonstration of its revolutionary UNI-POINT? wireless data
communication system and AutoRescue? vehicle tracking and recovery system,
company representatives utilized a single base station to dynamically and
accurately track a vehicle. The vehicle was recovered by a local police
officer in less than five minutes.
Representatives from government, law enforcement organizations, emergency
services, roadside service providers, fleet managers as well as the
insurance and wireless communications industries were on hand to witness the
demonstration.
?Vehicle thefts are costing insurance companies more money, and causing
dangerous pursuits. We welcome anything that will help us apprehend these
criminals,? said Constable Randy Cowan of the Peel Regional Police O.I.C.
High Enforcement Action Team (H.E.A.T.) who was on hand to witness the
demonstration. ?What we saw today got the job done, and that is what we?re
looking for.?
?This is the first public demonstration of a high-speed, wireless two-way
data system with positioning capabilities that can perform at this level of
accuracy,? said Frank Neuperger, President and CEO of Centraxx Technologies
(division of Centraxx Inc.). ?The Centraxx AutoRescue system will bring the
benefits of highly accurate location technology to everyone, at a fraction
of the cost of currently available systems.?
The AutoRescue system is the first vehicle tracking and recovery system in
the world that combines self-arming reliability, speed, accuracy and
affordability. The AutoRescue system consists of a small tag hidden within
a vehicle and a wireless key that the owner will carry on his or her key
chain. When the vehicle moves, the tag ?wakes up? and looks for the
presence of the wireless key. If the wireless key is not in the vehicle,
the tag sends an immediate alert to the nearest base station, which is
transmitted to the Centraxx monitoring center. Real-time tracking and
notification to the police occurs within seconds of the actual event,
enabling quick recovery. AutoRescue is expected to retail for $129.95 and
will offer 24/7 monitoring for $4.95 per month.
UNI-POINT is a land-based radio frequency tracking station that is capable
of transmitting and receiving large volumes of data at high speed. It also
can deliver exact tracking and locating information. A UNI-POINT base
station can be deployed independently for a local application or in a
network configuration for wide area applications. Centraxx intends to
commence network deployment of its patent pending UNI-POINT base stations
across North America beginning Q2 2000. AutoRescue is the first of many
products and applications that will function within the Centraxx high-speed
wireless communications network.
About Centraxx
Centraxx is a wireless data communications company specializing in providing
location technology solutions. The Company has developed a revolutionary
wireless communication system with locating capabilities that establishes a
new industry standard for accuracy, speed and reliability. Centraxx intends
to respond to significant international market opportunities and introduce a
continuous stream of products through direct sales and licensing agreements.
More information regarding Centraxx and its products and services can be
found on the World Wide Web at www.centraxx.com. Centraxx shares are quoted
and traded through the OTC Bulletin Board under the symbol ?CNXX.?
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For more information contact:
Investor Relations Contact:
Chuck Courson, Director
Frankopan & Co.
Tel. 1-800-355-1564 Ext. 243 Tel.
E-mail: ccourson@frankopan.com
Company Contact:
Frank Neuperger, President/CEO
Centraxx Technologies (Div. Centraxx Inc.)
905-826-9988 Ext. 270
E-mail: fneuperger@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 |
