Calgary, AB, August 21, 2003 - Cell-Loc Inc. (TSX: CLQ) today announced that it has provided working notice to 56 percent of its staff. No management positions where eliminated. The working notice to employees will result in reduced staffing during the next one to five weeks.
About Cell-Loc Inc. - 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 and TimesThree are trademarks of Cell-Loc Inc.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
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Cell-Loc contact:
Tammy Yamkowy
Cell-Loc Inc. (www.cell-loc.com), a leader in the wireless location industry, is the developer of CellocateTM, 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 in Asia as well as North and South America, with a view to expanding globally. Cell-Loc is listed on the Toronto Stock Exchange
(TSX) under the trading symbol: "CLQ."
Director, Corporate Communications & Investor Relations
Phone: 403.569.5748
tammy.yamkowy@cell-loc.com