SARASOTA, Fla., June 7, 2004 (PRIMEZONE) -- SkyLynx Communications Inc. (OTCBB:SKYC), a provider of wireless data services in narrow- and broad bands, announced today that its Costa Rican subsidiary has successfully completed a series of tests with various Costa Rican government agencies on its recently deployed broadband wireless backbone in the Central and South Pacific regions of the country. SkyLynx also announced the signing of the first contracts with customers for high-speed Point-to-Point connectivity services between San Jose, the capital and remote locations in the South Pacific region.
The system was tested to standards established by the various governmental agencies. The system met or exceeded all established standards. Similar tests are being conducted with strategic business prospects that are in need for wireless communications services. The management of SkyLynx feels that these steps are necessary in order to establish local credibility and to add momentum on the initial sales effort.
After the completion of the first communication segment (out of 4 segments) management announced the signing of several contracts for point-to-point service in the month of May and expects to continue signing new contracts as they expand their sales and marketing efforts throughout the region. The company has already begun the implementation of 2 other segments and plans to complete the rest of the nationwide coverage by the end of the year.
"We are in the process of starting a major branding campaign of our name and service", said Juan Carlos Pacheco Bolanos, Director of Sales and Marketing for the Costa Rican subsidiary. "Because of the unique culture of Costa Rica, SkyLynx is taking the steps necessary to foster corporate credibility within the government and business communities as the centerpiece of our sales and marketing plan. We feel this strategy will help to propel our sales and establish our company as one of the major communications service providers in the region."
SkyLynx utilizes a monthly subscriber fee for its business model and is targeting markets that include: government, medical and health care, hotels, banking, security, transportation, field sales and residential customers.
In addition to the high degree of acceptance of the wireless data services described above, demand for the SkyLynx flexnet(r) Automatic Vehicle Location ("AVL") has been extremely high among both government and commercial businesses. This service is expected to be a significant profit center in addition to the broadband services.
About SkyLynx
SkyLynx Communications, Inc. is a provider of wireless data services for vehicle tracking and data communications for mobile and stationary applications. The SkyLynx wireless network is being deployed on a national and international basis. The systems have been well received for it's the demonstrated ability to provide broad geographic coverage on a cost-effective basis. The SkyLynx network has the ability to track vehicles, is not affected by topography, buildings, trees or other hindrances to line-of-sight tracking; has a range many times greater than that of cellular and 3G systems, and costs significantly less than satellite tracking.
Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of projects due to the variability in size, scope and duration of projects, estimates made by management with respect to the Company's critical accounting policies, regulatory delays, clinical study results which lead to reductions or cancellations of projects, and other factors, including general economic conditions and regulatory developments, not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.