ITRK 4/2/02 - Closed at .205
Subject: Venture Capital/ITRK
From: info@crescentfund.biz
Date: Tue, Apr 2 2002 3:35:23 PM -0500
iTrack Inc.
OTC: BB:ITRK
Market Facts to Consider
(03/13/02)
Current Price: $0.30
52 Week High: $0.50 Low: $0.18
Shares Outstanding: million est. 23,700,000
Public Float: million est. 2,000,000
Closely Held: million est. 21,000,000
Overview
Through a formidable array of seasoned talent, proprietary technology and expertise, AVL Information Systems, Inc. of Michigan has created an integrated, event-based GPS (Global Positioning System) that is used for tracking any number of vehicles. I-Track, Inc., a subsidiary of AVL Information Systems, Ltd. of Sarnia, Ontario has been given the sole distributorship for these products and is now expanding its market scope. Dedicated to quality and innovation, the Company is located in Fort Gratiot, Michigan and has been operational for over a decade.
Products
AVLIS’ flagship product is the Spryte event-driven, GPS tracking solution that has realized good sales for the past four years. Solid-state design, modularity for individual needs, and the ability to monitor unlimited, customized events, gives the Spryte decided advantages over current competition. Data collected by the device is sent to Listener, a proprietary software agent, where it is processed, parsed and archived to a database that is retrieved by the Company’s FleetTrack, the primary user mapping interface.
Other products include the AVLIS Chaperone that uses the latest in wireless communication and the Internet to track personal vehicles, locate stolen automobiles, monitor fleets, and provide in-vehicle navigation. It is a very low-cost device and installation is covert. The Chaperone has data logging, panic button interface, geofencing, low battery monitor, battery protector circuitry, 12 channel, Swiss made GPS, and e-mail alert capability.
Opinion
Crescent Fund, Inc. is a Wall Street private equity and alternative asset investment firm and in our research we constantly encounter the intense pride that I-Track, Inc., and its parent AVL Information Systems, take in being imaginative, creative and aggressive companies that think the unexpected. I-Track’s highly motivated team, its dynamic strategy and existing placement fit well within a global market niche and it could easily become the industry leader. The small equity capitalization should significantly leverage results. It appears as a fast rising star in the general gloom of today’s business environment.
Contact:
Crescent Small-Cap Review
67 Wall Street, 22nd Floor
New York, New York 10005
212 509 3060 fax: 212 509 3106
info@crescentfund.biz
Any opinions expressed herein reflect our judgment at this date and are subject to change. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or solicitation of an offer to buy any securities mentioned herein. Detailed information on the securities mentioned is available. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make an offer, to buy or sell any securities or any options, futures or other derivatives, related to such securities ("related investments"). Crescent Fund, Inc. and its affiliates may trade to their own accounts in any securities of the issue(s) or in related involvement. Crescent Fund, Inc. or its affiliates, directors, officers, and employees may have a long or short position in any securities of the issue(s) or in related investments. Crescent Fund, Inc. or its affiliates may from time to time perform services for or solicit investment banking or other business for i-Track Inc. Although Crescent Fund, Inc. does not believe that its activities come within the purview of Section 17(b) of the Securities Act of 1933, in an abundance of caution and in the interest of full disclosure, we call the reader's attention to the fact that Crescent Fund, Inc. has been granted 500,000 shares of common stock for consulting services and is being compensated by iTrack Inc.
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