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To: David F. who wrote (25508)	2/7/2000 11:11:00 PM
From: scouser	Read Replies (2) \| Respond to of 150070

David, VATK, not quite, but close enough, they do have an exclusive agreement with WDSO. HOUSTON, Dec 28, 1999 /PRNewswire via COMTEX/ -- Varitek Industries, Inc. (OTC Bulletin Board: VATK) announced today the signing of an exclusive licensing agreement with Dinet Distributed Networks, Inc., developer of advanced satellite-locator, monitoring and communications technology. The five-year/five-year-rollover-option agreement enables Varitek's technology subsidiary, Varitek Technologies Group, to dramatically accelerate its plan to launch an affordable, on-board, 24-hour monitored security, surveillance and information service for all auto owners. Dinet receives a substantial up-front licensing fee plus an equity stake in the company. The announcement, made by Varitek Technologies Group Chairman and CEO, Randy S. Bayne, is the fruit of months of negotiation and due diligence by Dinet, Inc., a subsidiary of Wireless Data Solutions, Inc. "Before Dinet would even consider an exclusive agreement, they needed to be convinced we were the strongest candidate to bring their remarkable technology to market," stated Bayne. "We respect their high standards and are delighted with their decision." "In fact, our mutual intent is the merger our enterprises," continued Bayne, "but there was no reason to constrain the product launch with that sort of organizational dental work. We both agree the market is simply too hot, too ready." The Dinet GPS-based locator, monitoring and communications technology helps bring the cost of advanced telematics to within a range accessible to most drivers. ("Telematics" is the term used to refer to mobile technology products which combine navigation and security with Global Positioning Systems and wireless communication for real-time surveillance and services.) "Our agreement with Dinet puts us right where we want to be as we prepare to mass-market a product/service which combines cellular communications; global positioning technology; an advanced on-vehicle integrated communications platform; and a 24-hour customer-personalized monitoring service," Bayne continued. "The motoring public wants it ... and the retail and after-market channels are ready to deliver. We're now extremely close to making everyone very, very happy." Varitek Industries, Inc. and its wholly-owned subsidiary, Varitek Technology Group develop, acquire, market and distribute cutting-edge wireless data systems and technologies in response to identified consumer, commercial and/or institutional needs and demands. Market-driven products and solutions are derived from proprietary technologies developed in-house via its R&D subsidiaries as well as through emerging strategic partnerships with third party manufacturing and development firms.