Cell-Loc
Location Technologies Inc. Announces
Its
First Stolen Vehicle Recovery in São Paulo
Calgary, AB, July 26, 2006– Cell-Loc Location Technologies
Inc. (TSX-V: LTI), today announced its first vehicle recovery operation has
been successfully completed in São Paulo.
This was the first reported stolen vehicle since Cell-Loc commenced its
commercial operations earlier this month.
Earlier
this week, a Volkswagen Gol was identified as missing from a residential area
in the city of São Paulo. Fortunately,
the owner’s insurance company, Itaú Seguros, had recently offered her a vehicle
recovery service and four weeks ago, the vehicle was equipped with Cell-Loc’s
Beacon. After notifying the call center
of the theft, the security company was able to locate the vehicle in real-time
using Cell-Loc’s wireless location technology.
The vehicle was then shut down using the two-way communication
capabilities of the Beacon and a recovery team was dispatched to recover the vehicle. Once the vehicle was secured, police were
notified, and the car was returned to the satisfied customer. The entire recovery process took just over
one hour.
This
initial success demonstrates the capabilities of Cell-Loc’s technology. Real-time location combined with the ability
to block (shut down) a vehicle, resulted in its speedy recovery. This incident also displays the Company’s
ability to obtain deep market penetration through its service, which is
believed to be the lowest cost in the marketplace. This is particularly important in São Paulo where the incidence
of stolen vehicles is extremely high and potential customers are unable to
afford more expensive devices. The VW
Gol has a market price of under $7,500, making it impractical to utilize any
other stolen vehicle security service.
Cell-Loc
believes that the successful deployment of its wireless technology in a city
such as São Paulo positions it as an emerging leader in the wireless location
market.
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.
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For
further information about CLTI and the ongoing technology business, please
contact:
Sheldon Reid Dave
Guebert
President & CEO Vice
President Finance & CFO
Cell-Loc
Location Technologies Inc. Cell-Loc
Location Technologies Inc.
Phone:
403.569.5700 Phone:
403.569.5700