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Satelinx Lowering Tracking Fees and Equipment Costs Due to Moving Production to China

Posted on: Thursday, 14 December 2006, 09:00 CST

Satelinx (PINKSHEETS: SLXI) announces today the reduction of equipment costs and tracking fees due to moving some key component production to China and more efficient communication methods.

Full implementation will occur in the new year, and total costs will reduce for the end user 20% without affecting the bottom line.

"Due to the high demand worldwide in electronic components, we have successfully sourced high quality lower cost components that will dramatically lower the overall cost of our tracking devices; this lower cost will significantly give Satelinx the upper edge in the marketplace by offering quality products at a much lower cost than our closest competitors. Globally, the cost of cellular usage is lowering due to higher demand, which will also significantly impact our monitoring fees," stated Sam Grinfeld, Chairman of the Board of Satelinx.

About Satelinx

Satelinx International Inc. provides satellite vehicle tracking units that integrates GSM/GPS/GPRS wireless technologies and the Internet to deliver wireless tracking and location services. Satelinx seeks to be recognized as the world leader in providing safety and security solutions on a global scale in a cost-effective manner for vehicle owner, trucking or private vehicle fleet and insurance companies.

FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements, including forecasts of market growth, future revenue, benefits of the proposed merger, and expectations that the merger will be accretive to Satelinx's results and other matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: difficulties encountered in integrating merged businesses; uncertainties as to the timing of the merger; approval of the transaction by the stockholders of the companies; the satisfaction of closing conditions to the transaction, including the receipt of regulatory approvals; whether certain market segments grow as anticipated; the competitive environment in the software industry and competitive responses to the proposed merger; and whether the companies can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Satelinx undertakes no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.

 Contact: Sam Grinfeld 514-332-2523  

SOURCE: Satelinx International Inc.

Source: MARKET WIRE

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