MONTREAL, June 1, 2005 (PRIMEZONE) -- Satelinx International Inc. (Pink Sheets:SLXI), a global provider of satellite vehicle tracking services, announced today that it now has a total of seven of the country's leading insurance companies providing premium discounts to customers opting for the Satelinx Tracking Device. The insurance approved Satelinx Tracking unit is one of the most efficient antitheft devices on the market providing truly value added driver and vehicle safety to its customer base.
The Satelinx device was approved by AXA, Lombard Canada, Belair Direct, L'Unique General Insurance, La Capital Insurance, ING, and TD Meloche Monnex. These insurance companies now grant premium discounts on auto theft insurance that can be as high as 40% for clients opting to install and activate the Satelinx Tracking unit in their vehicle.
"We are very pleased with our quick result in obtaining the insurance approvals and support. We believe that many others will seek to approve our device and recommend it to their clients. The premium discount they offer to clients using our device not only account for the growing demand for our product but most of all, it contributes to reducing vehicle theft and increasing driver safety," said Sam Grinfeld, President of Satelinx International Inc.
About Satelinx
Satelinx International Inc. provides satellite vehicle tracking units that integrate GSM/GPS/GPRS wireless technologies and the Internet to deliver wireless vehicle tracking and location services. Satelinx seeks to be recognized as the world leader in providing safety and security solutions on a global scale in a cost effective manner for vehicle owner, trucking or private vehicle fleet and insurance companies.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.