FutureTrak International, Inc.
Phone - (954) 971-2244
Fax - (954) 971-2228
www.futuretrak.com
NASD BB symbol: FTRK
Contact: Stefanie Haden
For Immediate Release February 1999
Press Release
FutureTrak Signs Exclusive Agreement with Gulfstream Marine Products
Pompano Beach, FL
February 1999: FutureTrak International, Inc. (NASD BB symbol: FTRK) announced today that they had signed an exclusive manufacturer's representative agreement with Gulfstream Marine Products (GMP) of Largo Florida, a marine electronics sales specialty organization. GMP will market and sell the FutureTrak Space Scanner which is American made by Lockheed Martin in Ocala Florida. GMP will market the product to their extensive network of dealers nationwide.
"The signing of this agreement commences the successful launch of the new American version of the FutureTrak Space Scanner," said Mike Rieschman, President of Gulfstream Marine Products. "We believe this will be the hottest new product to hit the dealers shelves this season," he added. GMP plans to implement a dealer certification program through comprehensive training and reasonable purchase standards.
Under President Mike Rieschman's direction, GMP has achieved tremendous success in product launches such as B&G (Brooks & Gatehouse), Kenyon Marine, Glomax and Keel Shield, all very respected products in the marine industry. GMP is projecting sales of the FutureTrak Space Scanner to experience the same success.
"This agreement is ideal for a well organized roll-out of the Space Scanner product to the top producing marine dealers throughout the United States," said Dan Dyack, President of STI Group the newly acquired subsidiary of FutureTrak International, Inc.
"The agreement also marks the beginning of a revenue stream that is on target with management objectives," he added.
FutureTrak International is a provider of integrated information products and services serving both the mobile and MDU markets. The Company provides DIRECTV, Internet Access, Internet Contents, and Telephony Solutions to its client base. For further information contact FutureTrak International, Inc., www.futuretrak.com, 3635 Park Central Blvd. North, Pompano Beach, FL 33064, Toll Free: 888-752-3474. NASD BB symbol: FTRK.
Certain statements in this release and the company's financial projections that are not historical fact constitute "forward-looking information." Such forward-looking information involves known and unknown risks, uncertainties and other factors, which may cause the actual results of the Company to be materially different from results expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but are not limited to: customer demand not meeting expectations; lack of consistent supply of materials; lack of adequate distribution markets; and inability to meet customer demand.
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