News Release

For immediate release                                                                                                                                                                            Trading Symbol: LTI

 

 

 

Cell-Loc Location Technologies Inc. Announces 

Proceeds from Vancouver License

 

Calgary, AB, June 21, 2006– Cell-Loc Location Technologies Inc. (TSX-V: LTI) (“CLTI”), today announced that it has received $500,000 as full payment for the previously announced sale of a license for the Greater Vancouver territory in British Columbia.  The purchaser, Location System Solutions Inc. (“LSSI”), will operate its interest through a subsidiary company, Solutions-on-Trak Inc. (“On-Trak”).  In addition to the Vancouver license, LSSI also owns rights for the existing Calgary network and rights to participate in Austin, TX and any further networks to be developed in Alberta.  CLTI and LSSI have agreed that the Vancouver network will be built and operated through a jointly owned entity, which will be owned 51% CLTI and 49% LSSI.

 

“We were gratified to see CLTI deliver on its commitment to successfully deploy its network in Săo Paulo.” said Keith Bohn, President & CEO of LSSI and On-Trak.  “This has allowed Cell-Loc to optimize its technology and enhance the price point of its network deployment and beacon costs.  We are satisfied that CLTI has achieved this milestone as is evidenced by Itau Seguros’ acceptance of the results of the independent audit of the technology.  On-Trak is excited by the opportunity to develop the Calgary network market, but also to expand opportunities in our other territories, in the rest of Alberta, in Vancouver and in Austin, TX.”

 

 

About Cell-Loc Location Technologies Inc.

Cell Loc Location Technologies Inc. (www.cell-loc.com) is the developer of 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 North and South America and Asia, with a view to expanding globally. Cell‑Loc is listed on the TSX Venture Exchange under the trading symbol: "LTI."

 

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.

 

To receive Cell-Loc Location Technologies news, please subscribe to CCNMatthews' free news service (www.ccnmatthews.com).

 

- 30 -

 

For further information about CLTI and the ongoing technology business or about LSSI, please contact:

 

Sheldon Reid                                                 Keith Bohn
President & CEO                                              President & CEO

Cell-Loc Location Technologies Inc.                    Location System Solutions Inc.
Phone: 403.569.5700                                       Phone: 403.242.9298