SARASOTA, Fla., Aug. 11, 2004 (PRIMEZONE) -- SkyLynx Communications, Inc. (OTCBB:SKYC), a provider of data wireless services in narrow and broad bands, announced today that it has recently completed the initial phase of deployment of its network in the Denver/Aurora, Colorado area.
As part of its continuing effort to promote its services across the United States, SkyLynx has begun network deployment to provide data communications coverage over a 5000 square mile area in the Denver region. Providing coverage to some of the remote and challenging areas of this region will allow SkyLynx to market its Automatic Vehicle Location (AVL) and data communications capabilities to those markets that require more from their provider. Phase II, the expansion of the serving area in this market is presently under way as well.
SkyLynx' AVL system relies on new, proprietary technology that provides superior geographical penetration for vehicle location and telemetric capability. It provides first response groups and other commercial users, such as trucking fleets, with a low-cost, highly reliable tracking, monitoring and data-exchange system. The network provides extensive geographic coverage; broader tracking capabilities; extended data communications; optimized utilization of existing assets; and increased worker productivity.
"This is one more step we have taken to provide a low cost alternative to the markets that require broader coverage and more consistent data communications," said Kevin Gorman, SkyLynx' Chief Operating Officer.
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.
About SkyLynx
SkyLynx Communications, Inc. is a provider of data wireless services for vehicle tracking and data communications for mobile and static applications. Their wireless network is being deployed on a national and international basis and has been well received for its ability to provide broad geographic coverage cost effectively. The company's network has the ability to track vehicles and is not affected by topography, buildings, trees or other hindrances to line-of-sight tracking; it has a range many times greater than that of cellular and 3G systems; and it 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.