For Immediate Release OTCBB:CNXX
CENTRAXX RECEIVES A $16 MILLION
EQUIPMENT ORDER FOR KOREAN MARKET
Mississauga, Ontario, December 13, 2000– Centraxx Inc. (OTCBB:CNXX,
Frankfurt: CJQ), a wireless and location technology innovator, today
announced it has received it’s first international equipment order for the
Korean marketplace. The order is for 1,000 base stations and an initial
quantity of Centraxx AutoRescue tags. The order is valued in excess of $16
million, of which $250,000 was received as a deposit.
The base station shipments are expected to commence late in the second
quarter next year. The Korean network is expected to be operational in the
key metropolitan areas before the end of 2001.
“We are very pleased with our business prospects in Korea,” stated Michael
Ivezic, Chairman and CEO of Centraxx. “Samsung, one of the largest Korean
companies, is an excellent partner and they have installed a first rate
management team to operate Centraxx Korea. The team, under the direction of
Samsung SDS veteran C.W. Park, will oversee the network deployment and
marketing and sales of the Centraxx line of products in Korea.”
About Centraxx Inc.
Centraxx Inc. is a wireless data communications company 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 and internationally
through joint venture relationships. 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(TM)
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 a low
price.
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:
Investor Relations:
Chuck Courson
Frankopan & Co.
Tel. 800-355-1564
Tel. 905-501-9196
E-mail: ccourson@frankopan.com
Centraxx Inc.:
Michael Ivezic
Chairman and CEO
Tel. 905-502-5212 Ext. 224
E-mail: mivezic@centraxx.com
Chuck Courson
Financial Public Relations
Frankopan & Co.
800-355-1564
905-501-9196
www.frankopan.com |
