AdvantEDGE Wins Major Government Contract; Wireless Technology Beats All Other Competitors.Business Editors CONCORD, Ontario--(BUSINESS WIRE)--March 13, 2000 (CDNX CDNX See Canadian Venture Exchange (CDNX). :AII AII Auto ID Infrastructure AII Agence de l'Innovation Industrielle (French Agency for Industrial Innovation) AII Active Input Interface (used in UNI PMD specs for Copper/Fiber) AII ASEAN Information Infrastructure .) AdvantEDGE International Inc. (CDNX:AII) ("AdvantEDGE") today announced that its wholly owned Mexican subsidiary, AdvantEDGE Products and Solutions (Mexico) SA de CV, has been awarded an exclusive contract to supply the Company's FuelMaster wireless RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. system to the Government of Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi (the "Government"). According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the contract, AdvantEDGE will be the exclusive supplier to over 17,312 Government vehicles until December 31, 2001. AdvantEDGE's service fees will be approximately US$8.00 per vehicle per month. According to David Shneer, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AdvantEDGE "This is an exceptionally good day for the Company and its shareholders as this contract will provide substantial revenues. This is the big breakthrough all employees have been working for and all shareholders have been waiting for." Under the contract entered into between the parties, the Government is committed to certain minimum and maximum fuel purchases over the two-year contract. Legislation has been passed to ensure those commitments are not effected or amended by any potential change in the governing party of Mexico City. Under the contract, AdvantEDGE is expected to have all 17,312 vehicles completely installed over the next six months. Shneer commented "The tender process started with AdvantEDGE competing against many larger and more established companies. It ended when the Government concluded that AdvantEDGE's FuelMaster wireless RFID system and technical support team were deemed the most qualified and dependable. It is especially rewarding to have competed against and surpassed so many other companies. We now intend to use this contract as our most important sales tool in seeking additional fleet customers. We believe that as a result of winning this tender, that additional customers with even higher margins, should follow shortly." Shneer added "This contract, for one of the largest fleets in Mexico, places AdvantEDGE clearly in the lead position to capture a sizable portion of the lucrative Mexican fleet market, which totals over 5 million vehicles." According to Shneer "An additional, important benefit of this contact is that AdvantEDGE will now have an excellent network of gas stations in Mexico City. These stations will make it easier for the Company to secure additional non-Government fleets. Up until now, not having a network of sites has been one of the greatest obstacles in securing fleet customers." AdvantEDGE markets and distributes the FuelMaster System, a fully automated vehicle refueling control and monitoring system. FuelMaster is a high-technology Radio Frequency Identification See RFID. (RFID) wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. system utilizing advanced radio frequency and smart-card microprocessor technology to control the refueling process. FuelMaster applications include those for commercial fleet operators and the consumer market where "automated refueling systems" provide value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. benefits such as convenience, elimination of unauthorized or fraudulent charges, transaction security, and daily reports. FuelMaster's automated process eliminates drivers' need to carry cash, credit cards, or vouchers. FuelMaster systems are utilized by major oil companies and financial institutions as a form of "electronic commerce". The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has neither approved nor disapproved of the information contained herein. |
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