"Cell-Loc has been an amazing adventure," said John Krpan. "The company has world class technology that is well aligned with an enormous market. I take tremendous satisfaction in the progress that the company made during the past year and I believe strongly in the business plan that guides Cell-Loc's team of executives. However, as Cell-Loc greets the future with a refined vision, a relentless focus on core competencies and business opportunities that are now coming to fruition, it is timely to seek new challenges. In short, the potential for me to add value to the process is not the same as it was during the past year. And a strong, lean team remains in place to carry out the vision."
"Over the last year, John's leadership has guided Cell-Loc through many diverse challenges." said Dr. Fattouche. "As a team player, he has had a great impact on the company and the people within it. John effected real change at a crucial time. We appreciate all that he has done and we look forward to a continued working relationship with him."
About Cell-Loc Inc.
Cell-Loc Inc. (www.cell-loc.com), a leader in the emerging wireless location industry, is the developer of CellocateTM, a family of wireless location products that enable location-based services. Located in Calgary, Alberta, Cell-Loc currently develops, markets and supports its patented wireless location technology in North and South American countries with a view to expanding globally. Cell-Loc is listed on the Toronto Stock Exchange under the trading symbol: "CLQ."
Note to Editors: Cell-Loc, Cellocate, Cellocate System, Cellocate Beacon, TimesThree and LocationBroker are trademarks of Cell-Loc Inc.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
Cell-Loc media contact:
Tammy Yamkowy
Manager, Public Relations
Phone: (403) 569-5748
Toll Free: 1-877-569-5700
tyamkowy@cell-loc.com