CUMMING, Ga., April 12, 2005 (PRIMEZONE) -- Having successfully resolved key legal and finance issues, PlanetLink Communications Inc. (OTCBB:PLKC), a provider of satellite-based products and services, announced today its commitment to focusing on revenue generation in 2005. In the past two years, the Company has settled all legal matters including those relating to the Company's former CEO, Mr. Aladesuyi. The Company has also restated its fiscal 2003 financials and reported its fiscal 2004 results, thus bringing the Company into full compliance with all disclosure requirements. At this time, the Company is focusing all of its efforts on building and growing revenues.
"For the first time in the history of PlanetLink Communications we have successfully resolved every outstanding legal and accounting question that has been brought to the attention of the Company. This clears the decks for us to concentrate on one issue, increasing sales and revenue. This is the only area that will command the attention of every employee at PlanetLink for the remainder of the year," stated Mr. Dewey Bain, President and CEO of PlanetLink Communications.
During 2003 and 2004, in addition to resolving the Company's prior financial and legal issues, PlanetLink's management focused on the development and launch of its TransTRAK product by building infrastructure, testing products in live environments with customers, landing initial clients, raising awareness of the product in specific industries, and building an agent program. As emphasized at the Company's annual shareholders' meeting last November, the Company's focus in 2005 is revenue generation. Towards this end, PlanetLink has recently announced an ever-growing prospect list, strong results in building its agent program as well as a licensing agreement with Karta Technologies, granting a two-year non-exclusive license to market TransTRAK(tm).
Larry Lapaglia, Director of Agency Programs at PlanetLink Communications, added, "Prospects love our product! Our greatest challenge in producing sales revenues is presence. Building the agent program and finding qualified agents who are interested in marketing the TransTRAK system has taken time, but we are beginning to see strong results."
"It has been exciting to see how well TransTRAK has been received. With my primary focus being the development of the Agent sales channel, I have made numerous presentations regarding the overall functional capability of TransTRAK. Each of those presentations, whether one-on-one with a prospective new agent or in a group environment like the recent AMSA annual convention, generated over-the-top excitement and enthusiasm! When you couple that with the excellent experiences our customers are having with TransTRAK, I can't help but be very excited about our future. GPS-based vehicle monitoring is becoming a standard requirement within almost all commercial environments. TransTRAK presents itself in that market as an extremely flexible, dynamic, economical and easy to use tool that is filling the monitoring requirements in a myriad of markets," concluded Larry Lapaglia.
About PlanetLink Communications, Inc.
PlanetLink Communications, Inc. recently launched its TransTRAK product through its wholly owned subsidiary, PlanetTRAKS. The Company is developing a family of GPS-enabled products and services under the PlanetTRAKS name. TransTRAK is the first of these products and is the Company's turnkey solution for real-time, mobile asset management. From tracking vehicle speed and location in real-time to controlling vehicle functions through remote access, TransTRAK allows the customer to actively monitor and manage virtually any type of mobile asset. For more information on PlanetLink, please visit the company's Website at: http://www.planettraks.com
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis" or "Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request.