MONTREAL, Feb. 25, 2005 (PRIMEZONE) -- Satelinx International Inc. (Pink Sheets:SLXI), a global provider of satellite vehicle tracking, announced today that Satelinx Greece, its joint venture subsidiary, rolled out its marketing campaign with tremendous success.
Further to the press release on December 16, 2004, where Satelinx announced the initial purchase order and the creation of its joint venture with the Piliouri Group, Satelinx stated that the full scale launch of its marketing campaign has been a success and that its subsidiary will generate approximately US$2,400,000 in its first year of operation as anticipated.
"We are relieved by all the attention our products have retained in Greece and the impact our marketing and sales efforts have demonstrated," said Sam Grinfeld, Chairman, President & CEO of Satelinx International Inc. "Our joint venture partners, The Piliouri Group, continue to be the utmost supportive and honorable partner any corporation can have and we are very proud to have them in our team," further added Sam Grinfeld.
About Satelinx
Satelinx International Inc. provides satellite vehicle tracking units that integrates GSM/GPS/GPRS wireless technologies and the Internet to deliver wireless vehicle tracking and location services. Satelinx seeks to be recognized as the world leader in providing safety and security solutions on a global scales in a cost effective manner for vehicle owners, trucking or private vehicle fleet and insurance companies.
Important Information about Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.