I happen to love reverse merger stocks. Here is one that I have purchased in a range of $ .25 to $ .43 share including today:
Satelinx International Inc Offering Wireless Tracking Systems in $ 25 Billion Market
Satelinx seeks to be recognized as the world leader in providing safety and security solutions on a global scale in a cost effective manner for vehicle owner, trucking or private vehicle fleet and insurance companies.
OTC:SLXI
Price now: $ .45 ----Near bottom of the range
Trading range since inception $0.18 to $2.40
Website: www.satelinx.com
The stock is currently quoted on the Pink sheets, but the Company has completed all their filings and applied some time ago to list on the Nasdaq OTC BB. This could happen at any time. Company would ultimately like to be traded on the AMEX.
Shares outstanding 30 million approx.
Float approx. 8 million
Market cap $ 13.5 million or less than 2/3 of Spelman projected 2005 revenues of $ 21.4 million
Spelman Research Report dated November 30, 2004 Price Target $ 3.03 Price at time of report: $ 1.45 Spells out risks including lack of operating history and can be ordered by emailing Sergin Lisnic slisnic@spelmanresearch.com
Ron Struthers report on SLXI:
playstocks.net
Stock Chart which is as ugly as you can get--it is a function of doing a reverse merger and being on no one's radar screen--:
finance.yahoo.com
Lojack sells at 23 PE ratio and has a market cap of $ 230 million--Revenues $ 129 million and ROE 29% Book Value $ 2.62 Market Price $ 14.16:
finance.yahoo.com
Background
Satelinx came about on Oct 21, 2004 when Vectoria Inc. (OTC: VTRR) announced that it would be renamed Satelinx International Inc. and trade under the ticker symbol (OTC: SLXI). The name change concluded the reverse merger with Satelinx Security Tracking Inc. of Montreal, Canada that was announced on September 2 2004. Just previous to that Vectoria rolled back its stock and then issued post consolidated shares to settle all debts, of which 22 million shares were issued to the founders of Satelinx. NOTE: These shares cannot be traded until November 2006 !!! Very important!
With the reverse merger came a new management team that includes the two founders of Satelinx, Samuel Grinfeld and Cosimo Salerno.
satelinx.com
Financial
Two of Satelinx's JV agreements included the funding for initial orders. The company has no debt and is arranging a US$1.5 million financing out of Europe.
Satelinx
Satelinx is among the first few companies to get positioned in the new, vehicle tracking market. Satelinx has the ability to track cars securely, efficiently, and safely. Many Insurance companies have already recognized the benefits of having a tracking device installed in client vehicles and offer premium discounts ranging from 15% to 40%. Satelinx's technology can locate most vehicles in less than 1 minute and never more than 4 minutes and within 3 meters (10 feet) of its exact location!
With Satelinx, your doors can be unlocked remotely 24 hours a day by calling the NOC. The remote start is great on cold or hot days. Remote start is very common for many cars but the range for many of these car starters have a limit, with Satelinx Units you can start your car virtually anywhere, anytime!
These units can be installed on any mobile asset; car, truck, motorcycle yacht, cargo and shipping containers, etc. They use the Internet to distribute the precise location, position & messaging data to the customer. Instant notification messages can be sent from Internet or via e-mail.
Affordability
The equipment is substantially less expensive then what has been on the market with fixed monthly fees for GPRS traffic (unlimited usage). Satelinx claims to be and from what I can see is the most advanced system on the market today! At a 20-50% lower cost than their closest product competitor, it is a perfect tracking and security device for the average consumer, trucking or fleet company looking to reduce costs, improve efficiency, to provide security and peace of mind.
SATELINX COMPANY OVERVIEW satelinx.com
Satelinx International Inc. provides satellite vehicle tracking units that integrates GSM/GPS/GPRS wireless technologies and the Internet to deliver wireless vehicle tracking and location services.
Satelinx seeks to be recognized as the world leader in providing safety and security solutions on a global scale in a cost effective manner for vehicle owner, trucking or private vehicle fleet and insurance companies. I
Satelinx Tracking Systems & Competition satelinx.com
"Currently in the North American market, of the competing products available, none offer the consumer a product with the depth and breadth of the Satelinx Tracking System....... Satelinx remains the most advanced system on the market today for the price!"
"At a 20-50% lower cost than our closest product competitor, this is the perfect tracking and security device for the average consumer, trucking or fleet company looking to reduce costs, improve efficiency, to provide security and peace of mind."
Satelinx Fleet Solutions and Associated Benefits satelinx.com
From the website:
WIRELESS SATELLITE SYSTEMS TRACKING SERVICES
GPS/GSM/GPRS & Satellite Networks
Satelinx Tracking Systems is a leading provider of tracking systems and integrated asset location services with its headquarters located in Montreal, Quebec, Canada. Satelinx Tracking Systems has seamlessly converged wireless communications (GSM) and the Internet with global positioning (GPS/GPRS) technology enabling end-to-end mobile asset and vehicle location and monitoring solutions combining real-time GPS positioning and wireless communications systems delivering precise, time-critical mobile asset status and history information for increased security, greater loss control and telematics services. Telematics combines wireless voice and data services with Global Positioning System (GPS) technology to provide specific location services like vehicle navigation, tracking, and emergency services.
The benefits of GPS and communication technologies are now readily available to address the needs of consumers and businesses of all sizes. What ever your requirements, Satelinx Tracking Systems provides the solutions you require while making it seamless and simple to operate. If you need to get your vehicles or assets, people and enterprise connected and protected anywhere, anytime, contact us and explore our cost effective satellite tracking solutions.
Mission Statement
The goal of Satelinx Tracking Systems is to provide safety and security solutions on a global scale in a cost-effective and efficient manner. We intend to work closely with law enforcement and private security agencies in order to accommodate the public in a speedy efficient manner. We promise the ongoing pursuit of excellence in manufacturing our product and focusing on the best customer care and service possible with constant improvements to better serve the public. We thrive on building strong relationships with our partners and clients in our relentless pursuit of quality and service. In a world where security is of the utmost importance, the Satelinx team works to provide the general public, as well as the mobile industry, with a sense of security through our enthusiasm, vigorous quality control, and dedicated customer service to secure and protect their vehicles, homes, assets and very soon, their loved ones too.
Satelinx Tracking Systems Inc. has launched its newly developed Satelinx Tracking System, a wireless tracking device based on wireless data transmission utilizing GPS combined with GSM/GPRS technology for the mobile assets and vehicle industries for both the private and commercial sectors. The use of wireless applications as well as satellite technology enables us to overcome geographical restraints thereby creating proximity and a better understanding of local conditions and processes in a global economy.
Headquartered from a sophisticated base in Montreal, Canada and staying on the leading edge of information and telecommunications technologies is essential to building an infrastructure that makes countries competitive in international markets.
The Satelinx team is comprised of experts from many disciplines, from hardware/software engineering, technical communications and network engineering to customer service, sales and support. Together, the Satelinx Tracking Systems team works toward one goal: to deliver reliable technical to mobile asset tracking needs, and to deliver these solutions with the highest level of service possible. The company management, staff and its affiliates are committed to making a difference focusing on reducing the losses to vehicle owners, as a result of vehicle crime like break and enter, and theft of vehicles and increasing your security and productivity.
Advantages of Satelinx products:
satelinx.com
These are the features or solutions of Satelinx's Wireless Mobile Security from their website:
Wireless Mobile Security Solutions
.... Affordable Anti-Theft Device
- Anti-theft device featuring instant theft detection
- Stolen vehicle or assets tracking
- Remote door unlock
- Remote starter
- 2-Way speaker conversation with thief if car is stolen
- Panic button (calls our NOC - Network Operations Center)
- Immobilizer - Enables/disables the starter
- Wireless Dialer to make outgoing and incoming calls in car
- NOC can store medical data to be given to authorities or EMT's in case of
- an accident to save time or potentially life-saving!
- Instant notification of air bag deployment
- Geofencing capabilities and constraint boundaries with alert violations
- Seat belt warning if not secured
- Advanced Reporting & Archived history: 12-months rolling asset history
- Real Time Mobile Asset Location, Speed, Direction, ID & Time Stamp
- Simple 1-2-3 "Stealth" hidden Installation and compact size!
- Battery backup + Low battery notification
- May provide an additional insurance discounts
- Automatic safety features for crash-notification, and emergency dispatch
- Fleets: Enhanced Security, Productivity, Efficiency & Profitability
- Monitor Driver Behavior
- 24 hour/7-Day Real-Time Monitoring Response Center
- Emergency roadside assistance dispatch, 911 or police dispatch
The Satelinx Tracking System is installed by fully trained and security cleared technicians. Many of the above features may come in handy on many occasions, such as remote door unlock. Many of you have locked your car keys inside the car ignition before. With Satelinx, your doors can be unlocked remotely 24 hours a day by calling the NOC. The remote start may come in handy if you want to start your car in a very cold day or hot day where you want to either start your car get it warmed up for the winter or cooled down in the summer. Remote start is very common for many cars but the range for many of these car starters have a limit, while with the Satelinx Tracking Unit you can start your car virtually anywhere, anytime!
Phase 2 Satelinx - Products and Services satelinx.com
Satelinx 'TrakMate' & PDA Navigation System
Satelinx "TrakMate"
In Phase 2, will be the introduction of the Satelinx "TrakMate", a watch like device with a built in GPS/GSM micro miniature tracking device. Similar to the Satelinx Tracking Device, our Network Operations Center having processed the wearer's data, can pinpoint the location of a person at any time and any place. ...The tentative launch date is scheduled for fourth quarter of 2004. Future applications of the Satelinx TrakMate device, currently in development, are geared towards asset tracking for loss prevention of personal valuables such as laptops, motorcycles, briefcases, valuable parcel or cargo shipments and much more.
According to a National Missing Children study, although mercifully, there are only about 100 abducted children killed every year; time is the critical factor in saving lives. 75% of all the aforementioned murders occurred within the first 3 hours of abduction. Immediate tracking of such children will help save lives. Furthermore; there are over 4 million Alzheimer's and related dementia sufferers, a portion of whom could benefit from TrakMate's ability to keep track of individuals' locations.
In the United States alone, sales for Alzheimer's therapies in 2002 were approximately $1.5-billion (U.S.), and are forecasted to increase to more than $4-billion (U.S.) by 2008.
Satelinx expects the initial client base will be parents of mobile younger children, in the 4-12 years of age range, an estimated population of over 40 million. This age group has a growing measure of independence and freedom but lacks the maturity and toughness of older children, prime candidates for abductions, of which there were over 250,000 in 2000.
Tracking Industry Overview satelinx.com
The transportation industry is currently undergoing a radical revolution, largely triggered by the advent of relatively low-cost, high-accuracy surveying GPS receivers. Through the use of computers, these receivers have the ability to input/output, store, analyze, and display geographic information for mapping applications. The advent of the GPS system has provided an accurate means of determining one's absolute location in real time. This technology, in combination with digital maps, has resulted in a new and immensely powerful navigational tool. To date, wireless services have primarily been comprised of voice, paging and messaging systems. Currently, in addition to these popular wireless applications, the ongoing convergence of wireless and data/Internet is opening the door to a multitude of new data service opportunities. While just in its infancy, this market is estimated to be worth approximately $25 billion at this time. In 2004, worldwide GSM/GPS equipment sales should tally up to US$16 billion, and location-based wireless consumer services to US$3.9 billion.
Numerous sales agreements already announced by Satelinx:
Satelinx Receives Formal Approval from Belair Direct
Thursday January 20, 9:35 am ET
Satelinx to Distribute Its Tracking Units Through Ultracar
Tuesday December 21, 1:21 pm ET
Satelinx Signs a Multi-Year Contract with Auto Spa Worth $1,380,000 USD
Monday December 20, 10:00 am ET
Satelinx Receives A Purchase Order Of $525,000 USD From Greece
Thursday December 16, 8:00 am ET
Satelinx Receives Approval from AXA Insurance
Wednesday December 15, 12:26 pm ET
Spelman Research Initiates Coverage on Satelinx International
Monday December 13, 8:30 am ET
MONTREAL--(BUSINESS WIRE)---Satelinx International Inc.(OTC:SLXI - News) announced today that independent equity research firm, Spelman Research, began its initial coverage on the company with a speculative buy rating and a price target of $3.03.
Satelinx Generates Sales to Date of US$2,430,600
Wednesday November 17, 10:18 am ET MONTREAL--(BUSINESS WIRE)--Nov. 17, 2004--
Satelinx International Inc.(OTC: SLXI - News) announced today that Satelinx Tracking Systems Inc., a global provider of satellite vehicle tracking, has received purchase orders for 1,650 Units. These orders will generate one-time revenues of US$534,600 and once installed, the company will receive yearly recurring revenues of US$396,000 bringing the total sales to-date to $2,430,660. "We are very proud of our marketing team that have enabled us to achieve our first milestone of over $2,000,000 in sales in the first official quarter as a public company" said Sam Grinfeld, President & CEO, Satelinx Tracking Systems Inc. "The market is showing a tremendous acceptance to our technology and the continued demand clearly demonstrate the strength of this company for many years to come" Further added Mr. Grinfeld.
Recently recommended by newsletter writer Ron Struthers who stated:
"With their technology and strong start in the emerging asset tracking market, Satelinx has a good chance of becoming a market leader in this space. I also like the business model, because they not only make revenue from selling units but also receive recurring revenue once the units are installed.It is still early days, but in the near term (6 to 12 months) we could see this stock move up to several dollars.
The stock has not traded for very long and volume picked up in November/December of last year after the reverse merger with Satelinx was completed. The stock ran up after the merger news and you can see that the stock has come all the way back down and is at the bottom of its trading range."
Contacts:
International Operations: Mr. Nicolas Anthis
1-514-332-2523
1-514-332-4311
1-866-332-2523 Toll Free
Nick@Satelinx.com
The Street IR- Investor Relations Firm: Nathalie Morissette
Telephone: 1-514-448-7543
Fax: 1-514-448-5101
E-mail Address: nmorissette@thestreetir.com |
