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Technology Stocks : CNXX Centraxx anti-auto theft systems -- Ignore unavailable to you. Want to Upgrade?

To: jmhollen who wrote (23)	11/19/1999 3:07:00 PM
From: jmhollen	Respond to of 82

CENTRAXX FIELD TEST RESULTS EXCEED EXPECTATIONS Las Vegas, Nevada, November 18, 1999? Centraxx, Inc. (OTCBB:CNXX) today announced successful field test results for its revolutionary UNI-POINT(TM) wireless technology. During testing this week in Toronto, a tagged vehicle was tracked by a base station and its position located with an accuracy of better than 8m. Test results were very good and performance is expected to increase by the time the system is deployed next year. Centraxx also announced that demonstrations for potential partners and customers will commence immediately and a major media field test demonstration will be held on December 7, 1999. ?These results exceed our expectations and demonstrate the tracking and locating capabilities of our UNI-POINT technology, in addition to its data transmission capabilities,? stated Centraxx co-founder and Chief Engineer, Frank Gerlach. He added, ?It is important to understand that this degree of performance is achieved with a very cost effective architecture. What is also noteworthy is that this single point tracking technology is self-contained in a base station unit, only 24? X 24? X 16?.? The Board of Directors of Centraxx also announced the appointment of Frank Neuperger, as President and CEO of Centraxx Technologies, a division of Centraxx Inc. Mr. Neuperger has a proven track record in managing emerging technology companies. He has extensive experience with terrestrial and satellite wireless data communications, GPS and precision positioning systems. He is responsible for overseeing the final development of the Centraxx AutoRescue vehicle tracking and recovery system and the long-term development, implementation and network rollout of UNI-POINT data and positioning technology. Michael Ivezic, Chairman and CEO of Centraxx stated, ?We are delighted to have attracted a high caliber location technology specialist like Frank to the Centraxx senior management team. He is one of those rare individuals who combine technical knowledge with an ability to organize and motivate a team of people to achieve strategic goals. His demonstrated management ability will be a great asset as this company moves forward with the final commercialization of Centraxx AutoRescue and the development of future applications.? Concerning the field test Mr. Neuperger stated, ?Based on my observations of the test and review of the summary performance data, there is a clear indication that good performance in position estimator variance is being realized by the Centraxx system. This is a significant step that enables Centraxx to go forward in the final development of the AutoRescue system and other applications.? About Centraxx Centraxx is a wireless data communications company specializing in providing location technology solutions. The Company has developed a revolutionary locating system, which establishes a new industry standard for accuracy, speed and reliability. The Centraxx proprietary UNI-POINT technology is an RF land-based system, which can be deployed in multiple network and stand-alone applications. The introduction of the Centraxx AutoRescue vehicle tracking and recovery system with AutoRescue PLUS roadside and emergency notification service represents the first vehicle tracking system in the world combining 10-meter accuracy, affordability and self-arming reliability. Centraxx intends to respond to significant international market opportunities and introduce a continuous stream of products through direct sales and licensing agreements. Centraxx shares are quoted and traded through the OTC Bulletin Board under the symbol ?CNXX.? More information regarding Centraxx and its products and services can be found on the World Wide Web at www.centraxx.com. ### For more information contact: Financial Public Relations Contact: Chuck Courson, Director Frankopan & Co. Tel. 1-800-355-1564 Ext. 243 E-mail: ccourson@frankopan.com Company Contact: Frank Neuperger, President/CEO Centraxx Technologies (Div. Centraxx Inc.) Tel. 905-826-9988 Ext. 270 E-mail: fneuperger@centraxx.com