BOATRACS signs contract with Mid-South Towing; Mid-South equips 100 percent of fleet with BOATRACS.SAN DIEGO--(BUSINESS WIRE)--June 25, 1996--BOATRACS Inc. (Bulletin Board:BTRK) Tuesday announced that Mid-South Towing of Metropolis, Ill., has signed a contract to purchase and equip e·quip tr.v. e·quipped, e·quip·ping, e·quips 1. a. To supply with necessities such as tools or provisions. b. its entire fleet with BOATRACS' satellite-based marine communications and tracking systems. After significant testing and evaluation, Mid-South Towing, a river marine transportation company, decided to equip its fleet with the BOATRACS system to increase efficiencies and allow for quicker response for its customers. "The BOATRACS system is a valuable addition to our fleet operation," said Mike Marshall Mike Marshall can refer to different people:
"BOATRACS continues to explore additional services to increase communications and efficiencies for our marine-based customers," said Michael Silverman, president and chief executive officer of BOATRACS. "We are proud to be a valued addition to Mid-South's operation and look forward to continuing to build our relationship with Mid-South's vessel and office personnel." BOATRACS, with headquarters in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , is the distributor in the U.S. marine market of the OmniTRACS Systems, a satellite-based communications and tracking system developed and manufactured by QUALCOMM Inc. The system provides two-way communications Two-way communication is a form of transmission in which both parties involved transmit information. Common forms of two-way communication are:
BOATRACS currently has systems on vessels operating on both U.S. coasts, the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east and in Canada. In addition, BOATRACS has letters of understanding with QUALCOMM distributors in Mexico, Europe and Canada. Statements within this news release which are not historical facts, including statements about strategies and expectations for new and existing products, technologies and opportunities, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. Risk factors are detailed in the company's Securities and Exchange Commission filings, particularly its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended 12/31/95. CONTACT: Stoorza, Ziegaus & Metzger Inc., San Diego Joleen M. Schultz, 619/236-1332, ext. 231 |
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