"This is not the first time that Aimtronics has commenced an action based upon the same alleged fact pattern, said Sheldon Reid, executive vice president, corporate and business development, Cell-Loc Inc. "As was the case before, we consider this to be completely without merit and yet another attempt to find justification for its own performance prior to its annual general meeting scheduled for next Tuesday. If in fact we are ever formally served with this action, we intend to vigorously defend ourselves while considering our own legal remedies in the face of a misguided public relations strategy designed to allege facts by installment."
Should Cell-Loc be formally served with the action, the company intends to immediately file documents in British Columbia to have the lawsuit stayed in British Columbia and moved to Alberta where it would be the company's further intention to have the case struck as being frivolous.
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. Cell-Loc is listed on the Toronto Stock Exchange under the trading symbol: "CLQ."
About TimesThree Inc.
Based in Texas, TimesThree Inc. (www.timesthree.com), wholly owned by Cell-Loc Inc., is designed to enable location-sensitive services such as L411, fleet tracking, asset tracking, child/senior find and pet tracking.
Forward Looking Statements: This news release contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and Cell-Loc does not undertake an obligation to update forward-looking statements should conditions or management's estimates or opinions change.
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 contact:
Tammy Yamkowy
Manager, Public Relations
Phone: (403) 569-5748
Toll Free: 1-877-569-5700
tyamkowy@cell-loc.com