| News
Release |
|
| For immediate release |
Trading Symbol: LTI |
Cell-Loc Location Technologies announces commercial launch of Saskatoon network
Calgary,
AB, December 08, 2004 – Cell-Loc
Location Technologies Inc. (TSX-V: LTI) (“CLTI”or the “Company”) today
announced the commercial launch of its wireless Beacon network in Saskatoon,
Saskatchewan. CLTI’s 75 percent
owned subsidiary, citytrac Ltd. is now selling wireless location services to
customers in the Saskatoon market.
Michael
L. Barker, P.Eng., President and CEO of citytrac, (a former employee of CLTI and
prior to that a Canadian sales manager for
Motorola), acquired the license for the Company’s Beacon technology for
the province of Saskatchewan along with an option to acquire the rights to the
province of Manitoba. Through the license agreement Barker earned a 25% equity
interest in citytrac.
“After extensive evaluation of various technologies, we have determined that CLTI’s low cost location based services are ideal for fleet tracking, asset monitoring, and stolen vehicle recovery applications. In addition, the Beacon is also capable of transmitting small amounts of data for telemetry applications.” said Barker. “citytrac provides a powerful, yet easy to use tracking service that is ideal for those customers who need to know where their vehicles or assets are within the city. A small wireless battery-operated Beacon is placed in a vehicle, attached to an asset or carried by a person. Authorized users are able to view the locations of their specific Beacons via a secure internet web based map. We are excited to be able to offer these services to customers in Saskatoon.”
About
Cell-Loc Location Technologies Inc.
Forward
Looking Statements: This news release
contains certain information that may constitute forward-looking statements
under applicable securities laws. The reader is cautioned that assumptions used
in the preparation of such information, although considered reasonable by the
Company at the time of preparation, may prove to be incorrect.
Actual results achieved may vary from the results anticipated or implied
herein and variations may be material. There is no representation by the Company
that actual results achieved will be the same in whole or in part as those
implied in any forward looking statements.
TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.
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For further information about CLTI, citytrac and the ongoing technology business, please contact:
| Mike Barker | or | Sheldon Reid |
| President citytrac Limited Phone: 403.569.5757 Michaelbarker@citytrac.com |
Chief
Executive Officer Cell-Loc Location Technologies Inc Phone: 403.569.5777 |
|