Calgary, AB, June 11, 2002 - Cell-Loc Inc. (TSX: CLQ) (TSX: CLQ) today announced that IQ2 Communications has signed a declaration stating that they are in receipt of a commercial Cellocate BeaconTM Network that enables location-based services in the city of Calgary.
"We are very proud of achieving what is clearly the Company's most significant commercial milestone," said Dr. Michel Fattouche, President & CEO, Cell-Loc Inc. "Successfully delivering a Cellocate Beacon™ Network to our partner, IQ2 Communications, is the culmination of many years of research and development focused on wireless location technology. From very early on, I knew that an independent device designed specifically for location, such as our Cellocate Beacon™, would be the best way to enable location-based services." "IQ2 is very pleased with the Calgary Cellocate Beacon™ Network that Cell-Loc delivered on June 1, 2002," said Tom Dechert, President, IQ2 Communications Corp. "We have started trials of our location services with our preferred customers and we are anxious to begin offering location-based services through TimesThree Calgary, our joint venture with Cell-Loc. As a result of numerous requests by interested parties, IQ2 and Cell-Loc are evaluating deployment costs for an expansion of our services within Alberta." About Cell-Loc About IQ2 Communications About TimesThree Calgary - 30 - 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: TimesThree Calgary contact:
Cell-Loc Inc. (www.cell-loc.com), a leader in the wireless location industry, is the developer of Cellocate™, a family of network-based wireless location products that enable location-based services. Located in Calgary, Alberta, Cell-Loc currently develops, markets and supports its patented wireless location technology globally. Cell-Loc is listed on the Toronto Stock Exchange (TSX) under the trading symbol: "CLQ."
IQ2 Communications Corp. has extensive experience in the area of billing and administration services, software development marketing management and is a wholly-owned subsidiary of IQ2 Power Corp. (www.iq2power.com). IQ2 Power Corp. is a subsidiary of PG&E National Energy Group.
TimesThree Calgary Ltd. is a joint venture between IQ2 Communications Corp. and Cell-Loc Inc. The company develops and delivers wireless location-based services under licensing agreements for the cities of Calgary, AB and Austin, TX.
Tammy Yamkowy
Manager, Public Relations
Phone: 403.569.5748
tammy.yamkowy@cell-loc.com
Jim George
General Manager
Phone: 403.261.3386