To: Kevin Clarke who wrote (3969 ) 1/24/1999 5:56:00 PM From: MoneyMade Read Replies (3) | Respond to of 15987
FTRK---(News) FutureTrak International Acquires Certain Assets of Master Distributor Satellite Technology Inc. POMPANO BEACH, Fla., Jan. 24 /PRNewswire/ -- FutureTrak International, Inc. (OTC Bulletin Board: FTRK - news), in keeping with their plan to expand their growth in the mobile market, has acquired certain assets of Satellite Technology, Inc., a mobile market distributor. The Satellite Technology, Inc. assets acquired by FutureTrak International Inc., were transferred into FutureTrak International's subsidiary STI Group, Inc. FutureTrak International has retained the services of Mr. Dan Dyack as the new President of STI Group, its subsidiary. Mr. Dyack is now responsible for managing the marketing and growth of FutureTrak's Space Scanner antenna actuator product lines, emphasizing the emerging markets by collaborating with Galaxy Latin America, DirecTV's gateway to South and Central America. STI Group, Inc. is collaborating with an established marine specialty marketing group to implement an aggressive North American campaign for the next generation space scanner, which is anticipated will be assembled and tested by Lockheed-Martin in Ocala, FL. Mr. Dan Dyack and FutureTrak's senior management team led by President and Chairman Steve Remondini are prepared for a full court blitz, introducing this new high performance product to the marine and RV industries. Steve Remondini stated, ''Introduction of a superior, American-made Space Scanner, benchmarking the industry in both performance and price will set a new standard in the mobile market. With the addition of Dan Dyack to our management team it would assure proper project management is in place thereby providing sound supervision in distribution and market success.'' During Dan Dyack's 6 years in satellite antenna sales, installation and service, he has experienced and seen much advancement in the mobile and MDU market and additionally brings value added services which will enhance the market growth. These on line information services include real time financial data, stock market quotes and weather-related information. According to Dan Dyack President of STI Group, ''We plan to concentrate our efforts to become the market leader in South, Central America and the Caribbean while assisting in the deployment of a comprehensive service and installation program.'' FutureTrak is a provider of integrated information products and services serving both the mobile and MDU markets. The Company provides DirecTV, Internet Access, Internet Contents, and Telephony Solutions to its client base. For further information contact FutureTrak International, Inc., futuretrak.com , 3635 Park Central Blvd. North, Pompano Beach, FL., 33064, Toll Free: 888-752-3474. 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