AdvantEdge's Fuelmaster Technology Expands Further In Europe.CONCORD, Ontario--(BUSINESS WIRE)--Feb. 24, 1998--AdvantEdge International (Alberta Stock Exchange Alberta Stock Exchange 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 )--David Shneer, President and 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 International Inc. ("AdvantEdge") announced today that a trial agreement has been reached for FuelMaster operations to commence in Sweden. After an extensive technology review, Statoil, one of the largest oil companies in the World, has decided to proceed with field trials. Sweden represents yet another new market for FuelMaster. Until recently, FuelMaster operations in Europe were limited to Total Petroleum in France and British Petroleum in the U.K. Statoil is a Norwegian based integrated oil company with extensive global operations. According to David Shneer, "There is a strong trend for all the major oil companies to quickly implement "automated refuelling re·fu·el v. re·fu·eled also re·fu·elled, re·fu·el·ing also re·fu·el·ling, re·fu·els also re·fu·els v.tr. To supply again with fuel. v.intr. systems" as a means of capturing a larger share of the market. The use of radio frequency identification See RFID. (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. ) systems is rapidly becoming the technology of choice, as it has been shown to be extremely reliable and flexible over numerous applications." Shneer continued; "We are pleased that Statoil has decided to join other oil companies such as Shell, BP and Total in the use of our FuelMaster system". The most recent trials of the FuelMaster system are presently occurring with major oil companies in Mexico, Africa and Europe. FuelMaster's wide acceptance confirms its prominent, if not leading position, in the race to satisfy the oil industry's needs for "automated" refuelling systems. AdvantEdge's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. AdvantEdge Products and Solutions Inc. holds exclusive distribution rights to sophisticated high technology products and systems for monitoring of motor vehicle "fleet" operations. These include FuelMaster, a wireless communications system utilizing advanced radio frequency and smart-card technology to control the refuelling process. AdvantEdge now owns 50% of Push Electronic Development and Marketing Ltd. of Israel, the manufacturer and developer of FuelMaster and AutoMaster, as well as 50% of Stowe Holdings (PTY Pty Austral & S African Proprietary ) Ltd., of Cape Town S.A., recognized as a world leader in PC based point-of-sale systems for retail gasoline stations. -0- The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. CONTACT: AdvantEdge International Inc. David Shneer, 905/761-5969 ext.41 905/761-5970 E-Mail: dshneer.advantedge@ibm.net or AdvantEdge International Inc. Gary Perkins, 905/479-2800 Toll Free 888/205-2917 905/479 - 8608 (FAX) E-Mail: patrod@compuserve.com |
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