Satelinx (Pink Sheets: SLXI) today announces the expansion of the Research and Development Division.
The STS-Trakmate, bracelet-type/multi-purpose personal tracking and communication system has been a huge success and as a result Satelinx is investing into new technologies to expand our existing product lines.
The GPS industry is expanding and to keep in the forefront Satelinx must invest into new technologies and also come up with newer innovations to keep our advantage.
"We continue to work diligently to reduce the size and weight of our Personal tracking device, Through our on going research and development we hope to achieve a tracking unit small enough to be hidden in a laptop computer, or any small expensive device. Our ultimate goal would be to develop a tracking unit so miniature it can be hidden in the smallest, undiscoverable area," said Sam Grinfeld, Chairman of Satelinx Intl.
Satelinx International Inc. provides satellite vehicle tracking units that integrates GSM/GPS/GPRS wireless technologies and the Internet to deliver wireless 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.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Satelinx International Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.