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2-Track Global Inc Announces Execution of General Terms Agreement with Global Investment Bank.


NEW YORK -- 2-Track Global Inc (OTC:TOTGE) today announced that it had entered into a general terms agreement with a global investment bank ("the bank") pursuant to which it will be able to enter into further specific contracts for the supply of its products and bespoke tracking solutions. Under the terms of the agreement 2-Track is not allowed to disclose the identity of the bank as the contract relates to the security of bank personnel and premises and as such will remain confidential.

Mike Jung, President of 2-Track Global Inc commented "We have been courting this global investment bank for a considerable period of time and we have been afforded the opportunity to display to them the versatility of our products and how our products can be applied to their specific requirements. The execution of the general terms agreement enables us to proceed to enter into definitive contracts for specific product requirements".

Mike Jung continued "The bank have a number of immediate requirements to ensure the safety and security of their personnel worldwide and have evaluated a number of other technologies against the technology of 2-Track. The security of their staff when in their premises and when deployed on assignment or in overseas countries is an utmost priority and I am sure that by selecting 2-Track to work on these important issues we will assist the bank in attaining the highest levels of safety and security for all their staff".

ABOUT 2-TRACK: 2-Track Global Inc (TOTG) is a technology development and marketing company which owns, operates and licences proprietary telematics solutions combining hardware and software applications run over wireless or satellite networks to deliver remote security management of marine and cargo fleets (including consumer solutions aimed at the leisure, marine and domestic security markets) and commercial vehicle plant and machinery management and security. The company has communications architecture technology which provides global logistics solutions for the remote monitoring of freight containers over multiple transport mores.

This press release includes certain statements, known as "forward-looking statements", which express the current expectations of 2-Track Global management. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect 2-Track Global Inc and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Unanticipated product manufacturing and delivery issues, customer order push-outs or cancellations and product performance could cause actual results to differ materially from those currently anticipated as expressed in this press release. These risks and other risk factors relating to 2-Track Global Inc are described more fully in the most recent Form 8-K filed by 2-Track Global Inc and other filings from time to time with the Securities and Exchange Commission.

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Publication:Business Wire
Date:Aug 20, 2007
Words:452
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