"Skynet Telematics Inc." and "Euro trade as" Announce a Joint Venture Exclusive Franchise for Finland.

Business Editors

LONDON--(BUSINESS WIRE)--Feb. 29, 2000

(OTC BB:SKYI)

Skynet Telematics Inc is pleased to announce a Joint Venture agreement with Euro trade as in addition to the existing agreement for, Norway, Denmark and Sweden. This agreement provides Euro trade as through a Joint Venture company, owned 75% by Euro trade as and 25% by SKYI exclusive rights to monitor and retail the "Skamp" range of telematics products in Finland.

This agreement covers all market sectors i.e. automobile, fleet, motorbike, marine markets, RV's, Trains etc.

This agreement increases Skynet's Joint Venture agreements on Monitoring Service Centres to 29 i.e. UK, Slovakia, Finland, Sweden, Denmark, Norway, Czech Republic, Hungary, Ukraine, Bulgaria, Romania, Croatia, Slovenia, Estonia, Latvia, Lithuania, Poland, Lebanon, Syria, Jordan, United Arab Emirates, Oman, Kuwait, Saudi Arabia, Yemen, Egypt, Germany, France. Skynet's strategy of opening monitoring stations in all GSM countries continues aggressively with further announcements being made as soon as contracts are signed.

Skamp is the brand name for Skynet's existing proprietary product which couples GSM (cellular) GPS (Global Positioning System), SMS (short messaging service) and a remotely activated immobilising system. In combination, these technologies uniquely "wrap" automobiles, motorcycles, trucks, RV's, trailers, and marine craft in an invisible "net" of radio, electrical, electronic, mechanical, ultrasonic, telematics, and ever-watching satellite protection that spans national boundaries and continents.

The easy to use Skamp unit includes dedicated Internet connections (USA & Canada available mid 2000) is a Pan-World telematics unit that provides telecommunication, vehicle and personal security, route planning, full "Concierge Services", and geo-fencing. The Skamp units are monitored through Skynet's multi-lingual 24-hour per day, 365 days a year Monitoring Service Centres.

Skynet Telematics.com is a Nevada, USA company based in the UK, involved in the development, marketing and distribution of integrated telematic, Internet, tracking, location and communications systems and the provision of specialised monitoring and concierge services to users of these products in the UK and throughout Europe.

This press release contains forward-looking statements regarding the Company's business strategy and future plans of operation. Forward-looking statements involve known and unknown risks and uncertainties. These and other important factors, including those mentioned in various filings with the Securities and Exchange Commission made periodically by the Company (available to the public at www.sec.gov), may cause the actual results and performance to differ materially from the future results expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events.

For more information visit our website: www.skamp.co.uk

Skynet Telematics Inc - Public company quoted in USA OTC-BB, Symbol SKYI.

For further information on Skynet Telematics, please visit our Website: www.skamp.co.uk

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