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

To: jmhollen who wrote (80)	12/15/2000 10:49:18 PM
From: jmhollen	Respond to of 82

For Immediate Release OTCBB:CNXX CENTRAXX RECEIVES A $16 MILLION EQUIPMENT ORDER FOR KOREAN MARKET Mississauga, Ontario, December 13, 2000– Centraxx Inc. (OTCBB:CNXX, Frankfurt: CJQ), a wireless and location technology innovator, today announced it has received it’s first international equipment order for the Korean marketplace. The order is for 1,000 base stations and an initial quantity of Centraxx AutoRescue tags. The order is valued in excess of $16 million, of which $250,000 was received as a deposit. The base station shipments are expected to commence late in the second quarter next year. The Korean network is expected to be operational in the key metropolitan areas before the end of 2001. “We are very pleased with our business prospects in Korea,” stated Michael Ivezic, Chairman and CEO of Centraxx. “Samsung, one of the largest Korean companies, is an excellent partner and they have installed a first rate management team to operate Centraxx Korea. The team, under the direction of Samsung SDS veteran C.W. Park, will oversee the network deployment and marketing and sales of the Centraxx line of products in Korea.” About Centraxx Inc. Centraxx Inc. is a wireless data communications company focusing on providing location technology solutions to the mass market. Centraxx has a patent pending RF land-based system that it intends to deploy in a network configuration in key markets across North America and internationally through joint venture relationships. Centraxx UNI-POINT(TM) technology is capable of providing high-speed, two-way data transfer and single point tracking and locating information. Over time, this proprietary, high capacity network will facilitate the wireless transfer of data for a wide range of products and applications. Centraxx will first introduce an automotive application, the AutoRescue(TM) vehicle tracking and recovery system with AutoRescue PLUS(TM) roadside and emergency notification service. This will be the world’s first vehicle tracking system combining high accuracy, self-arming reliability and a low price. 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: Investor Relations: Chuck Courson Frankopan & Co. Tel. 800-355-1564 Tel. 905-501-9196 E-mail: ccourson@frankopan.com Centraxx Inc.: Michael Ivezic Chairman and CEO Tel. 905-502-5212 Ext. 224 E-mail: mivezic@centraxx.com Chuck Courson Financial Public Relations Frankopan & Co. 800-355-1564 905-501-9196 www.frankopan.com