Celevoke, Inc., a Current Technology Operating Company, Updates Mexico
Wednesday March 12, 8:00 am ET
VANCOUVER, British Columbia & NEW YORK--(BUSINESS WIRE)--Current Technology Corporation (OTCBB: CRTCF - News) and MSGI Security Solutions Inc. (OTCBB: MSGI - News) today announced Current Technology’s 51% owned subsidiary Celevoke, Inc. (“Celevoke”), during the past 60 days, has sold 400 Telematics units to its distributor in Mexico for installation in vehicles financed or leased by its customer General Electric Capital. “We have been working with GE in Mexico since last November,” states distributor Javier Orozco Desentis CEO of Latino Americana De Desarrollos “and we believe this one customer will purchase over 5,000 units during the next 12 months. Importantly, we are also working with a number of other prospective customers in Mexico which have similar potential.”
Chuck Allen, CEO of Celevoke commented, “Our recent progress in Mexico is indicative of the status of many of our initiatives in the United States and other countries. Our focus is activating channels of distribution with the potential to move tens of thousands of units per year. We are in the process of completing the test phase with 6-8 such entities, and are starting to deliver product to our distributors as they begin to fill their pipelines. We shall report on these activities as they unfold over the coming weeks and months.”
Current Technology CEO Robert Kramer said, “The market for Telematics has reached the tipping point, and I believe Celevoke’s proprietary technology will rapidly become the standard by which all such systems are measured. Further, I believe we have reached the point where the results of our considerable efforts will soon be reflected in top and bottom line results.” |
