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To: Jon Koplik who wrote (37905)	8/11/1999 11:42:00 AM
From: Jack Jackson	Read Replies (1) \| Respond to of 152472

MORE MASSIVE STUFF: Home - Yahoo! - Help -------------------------------------------------------------------------------- [ Business \| US Market \| By Industry \| IPO \| AP \| S&P \| International \| PRNews \| BizWire \| CCN ] -------------------------------------------------------------------------------- Related Quotes SATX 1.300000 +0.070000 delayed 20 mins - disclaimer Wednesday August 11, 9:40 am Eastern Time Company Press Release SOURCE: SATX, Inc. SATX, Inc. Makes Move To Help Develop Telecommunications In Madagascar TAMPA, Fla., Aug. 11 /PRNewswire/ -- SATX, Inc. (OTC Bulletin Board: SATX - news), a communication technologies company, has become the chief investor in Digitel, Inc., an Oklahoma corporation which holds the only non-government license for telecommunications services and infrastructure in the African-region country of Madagascar. SATX signed a Letter of Intent with Digitel and placed an initial payment of US$200,000 in exchange for an undisclosed amount of stock and a seat on Digitel's Board of Directors. Digitel currently operates an international gateway Earth station between the USA and the Malagasy Republic, connecting the country's communications with the rest of the world. The company is also currently in the process of obtaining a cellular license to provide the only CDMA cellular service in Madagascar with SATX's proprietary pre-paid cellular product, DebitFone. Additionally, it provides switching and microwave-based communications links to key businesses, military operations and the country's executive offices for both domestic and international traffic. The Malagasy Republic, an Island nation formerly under French rule, boasts a population of more than 14 million, with more than 27 percent living in urban areas. French is the national language, and the primary industries are food processing, wood industry and by-products, textiles, farming and tourism. ''Madagascar is one of the world's fastest-emerging countries,'' said SATX Chairman and CEO Merritt Jesson. ''This is a massive project, and we do not intend to be the only player developing this infrastructure. We are talking to other significant telecommunications companies with hopes we can become partners in bringing Madagascar's telecommunications marketplace into the 21st Century and beyond.'' About SATX, Inc. SATX, Inc. ( www.satxinc.com ) is a publicly traded company engaged in the business of telecommunications through the various applications of proprietary technologies. The company currently produces AlphaTrak, a Global Positioning System (GPS) unit, and DebitFone, a prepaid cellular phone system. Also, SATX recently signed a letter of intent to acquire a controlling interest in Paradigm Manufacturing, a manufacturer of high-tech electronic components, including SATX's own AlphaTrak GPS unit. The AlphaTrak System is a two-way paging device that tracks and monitors shipping vehicles such as tractor/trailers and boxcars. It is particularly beneficial to the shipping industry, as it tracks and locates cargo, reducing the amount of lost or stolen goods. DebitFone is a prepaid cellular phone system, available for purchase through vending machines. It is fully activated, configured with 30 minutes of air-time and ready for immediate use. Safe Harbor Statement Certain statements contained herein, including statements regarding the development of services and markets and future demand for services and other statements regarding matters that are not historical facts, are forward- looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. SOURCE: SATX, Inc. -------------------------------------------------------------------------------- More Quotes and News: Satellite Control Technologies Inc (OTC BB:SATX - news) Related News Categories: telecom -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright © 1999 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments?