Satelinx Completes Filing to List on The NASD OTCBB
Thursday February 17, 9:00 am ET
MONTREAL, Feb. 17, 2005 (PRIMEZONE) -- Satelinx International Inc. (Other OTC:SLXI.PK - News) a global provider of satellite vehicle tracking, announced today that all SEC and NASD requirements had been met and a prominent market maker in New York completes the filing documentation to quote the company's shares on the NASD OTCBB.
ADVERTISEMENT``The main advantages of our listing on the NASD OTCBB will be better market transparency, efficiency and most of all it has a tendency to increase the visibility with a wider investor audience,' said Sam Grinfeld, President and CEO of Satelinx International Inc. ``We have been working closely with all authorities and a prominent market maker in New York to assure a thorough and complete filing and we believe that the company's shares should trade on the NASD OTCBB within the next 4 to 6 weeks,' further said Sam Grinfeld.
About Satelinx
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 owners, trucking or private vehicle fleet and insurance companies.
Important Information About Forward-Looking Statements
All statements in this news release, that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as ``anticipates,' ``believes,' ``could,' ``expects,' ``intends,' ``may,' ``should' and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact:
Satelinx International Inc.
Nicolas Anthis
Vice-President
Tel. (514) 332-2523
www.satelinx.com
TheStreetIR
Nathalie Morissette
President
Tel. (514) 448-7543
www.thestreetir.com
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