MONTREAL, April 7, 2005 (PRIMEZONE) -- Satelinx International Inc. (Pink Sheets:SLXI), a global provider of satellite vehicle tracking, is pleased to announce that it has appointed Steve deMello to the position of President and Chief Executive Officer of Satelinx USA.
Sam Grinfeld, Satelinx Intl. CEO, said, "Steve brings to Satelinx USA a diverse and markedly successful background in several key influential business industries. His extensive background and hands on experience will be invaluable in helping Satelinx become the vanguard in this rapidly growing industry."
Mr. deMello said, "I am pleased with the opportunity to guide Satelinx USA through these exciting times. The superiority of Satelinx Intl. technology and products will propel us to the forefront of this expanding industry."
Mr deMello has headed several large successful Fortune 500 companies. As President of a heavy equipment manufacturing business, Mr. deMello helped increase sales by 23% (over $9 million) and profits by 46% (over $4 million).
Mr. deMello holds an engineering degree from Cornell University, and he recently published a book entitled, "Corporate Nonconformance." His vast business experience will be instrumental in helping Satelinx USA become a leader in the United States Satellite vehicle tracking market.
About Satelinx International Inc.
Satelinx Intl. Inc. provides satellite vehicle tracking units that integrate GSM/GPS/GPRS wireless technologies with the Internet to deliver wireless vehicle tracking and location services. Satelinx seeks to be recognized as a global competitor in providing safety and security solutions in a cost effective manner for vehicle owners, trucking or private vehicle fleets, 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.