To: Tomstocks who wrote (509 ) 12/29/1998 2:32:00 PM From: Dr. Harvey Read Replies (1) | Respond to of 931
FTRK news biz.yahoo.com Tuesday December 29, 1:45 pm Eastern Time Company Press Release SOURCE: FutureTrak International, Inc. FutureTrak International Enters The Multiple Dwelling Unit (MDU) Marketplace POMPANO BEACH, Fla., Dec. 29 /PRNewswire/ -- FutureTrak International, Inc. (OTC Bulletin Board: FTRK - news), in keeping with their plan to expand into other arenas, announced today that they will begin distributing the DIRECTV service into the multiple dwelling unit (MDU) marketplace. According to top industry analysts, The Carmel Group, the MDU market represents approximately 33.6 million households in the U.S. and is projected to be a $5 billion industry by the year 2007. FutureTrak will offer DIRECTV programming packages and other user-friendly entertainment, communication and information technologies such as high-speed Internet connectivity to both the residential and hospitality MDU markets. The MDU residential market consists of apartment buildings, townhomes, gated communities and condominiums, with the hospitality MDU market including hotels, motels, nursing homes and hospitals. FutureTrak's market research indicates MDU landlords and hospitality property owners are continually seeking new and exciting amenities that differentiate their properties from the sea of competitors to enhance current customer loyalty and improve new customer acquisition. ''Our preliminary research has shown that the DIRECTV MDU market is still in the early stages and offers outstanding opportunities for FutureTrak to focus on its growth and expansion efforts,'' said Bob Kelner, Chief Operating Officer of FutureTrak. ''Our plan to provide content, devices, and data services allows us the opportunity to interface technologies and give the customer the best functionality for the best price,'' he added. Management believes that DIRECTV has successfully built MDU market awareness over the past year. FutureTrak plans to utilize this brand awareness in building a solid turnkey solution to this very large potential subscriber base. FutureTrak plans to unveil their MDU marketing plan along with value-added technologies at the Consumer Electronics Show in Las Vegas January 7 through 10, 1999 at booth number 6025. 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. SOURCE: FutureTrak International, Inc.