CXN/Bio-Tracking Appoints Chief Scientific Officer.Business Editors MONTREAL--(BUSINESS WIRE)--April 27, 2004 China Xin Network Media Corp (OTCBB OTCBB See OTC Bulletin Board (OTCBB). CXIN) announced today the appointment of Mr. Daniel Bernesi as Chief Scientific Officer of the company. Mr. Bernesi will be responsible for the continued development of the Bio-Tracking technology platform. Michael Tremis, President, 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. and Chairman of CXN/Bio-Tracking commented: "Mr. Bernesi is a pioneer in satellite tracking technology and a talented engineer with proven project management and strong leadership skills. I am pleased that he will be joining Bio-Tracking. His 30 year career in the field of telecommunications and industrial automation provides our company with the solid research and development capacity necessary to maintain our technological leadership in vehicle and asset tracking market." The Bio-Tracking technology is the result of an R&D effort to build an asset tracking device that overcomes the fact that the present track and recovery systems are either easy to defeat or they are inherently dependent on external sources for pinpointing vehicle location. Tracking alone is not the solution to the ever-increasing vehicle theft problem. The addition of Biometric fingerprint identification technology brings in the next level of security by providing identification first, and then followed by allowing access to the vehicle's authorized users. Combined with stealth wireless smart cut-off modules, it renders the vehicle practically impossible to steal. The Bio-Tracking technology also has a remote control and logging system which allows for selective driver authorization as well as the remote operation of vehicle systems such as the starter, locks, horn and lights. "I believe that CXN/Bio-Tracking has created a truly unique security system. For the first time, vehicle owners will have absolute peace of mind," said Mr. Daniel Bernesi. "The Bio-Tracking team, with Mr. Tremis leading the way, is going to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. product innovation and market needs, to become the industry leader in vehicle security. I am honoured to be appointed Chief Scientific Officer and to be part of this proactive team." Mr. Daniel Bernesi is a graduate of the Universidad de la Provincia de Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. in Argentina, where he earned his BSc in Electrical Engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. and his post-graduate studies in Industrial Automation and Telecommunication in, 1973. He is one of the pioneers and foremost authorities in home satellite television systems. He lectured at international technical conferences and was contributing writer to technical magazines on subjects as interfering noise Interfering noises(or interfering sounds) are sounds with a negative sound quality, that is, the sound event leads to a hearing event, which is perceived as unpleasant, disturbing and interfering. , computer satellite tracking and down-converter design. He has been a design engineer and installation consultant for companies such as Comsat, Amplica, Boman, Luxor, Scannar Satellite Systems and Suncor Communications. His experience also includes the design and implementation of industrial automation and system controls for companies such as Perkins Paper, Leviton, Bell Canada Bell Canada Enterprises (TSX: BCE, NYSE: BCE), legally BCE Inc., is a major Canadian telecommunications company. Through its subsidiaries including Bell Canada, Bell Aliant, Northwestel, Télébec, and NorthernTel, it is the incumbent local exchange carrier for , Mitec and LCT LCT abbr. 1. land conservation trust 2. local civil time Industries. ABOUT BIO-TRACKING SECURITY INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . China Xin Network Media Corporation acquired Bio-Tracking Security Inc. of Montreal, Canada, in December 2003. Bio-Tracking designs and manufactures vehicle, asset tracking and security systems, combining a programmable computer with a biometric identification system, wireless interconnection methods and inertial tracking technology, the system can offer such features as driver privilege control, remote shutdown and unlock, and tracking under the most extreme circumstances. The vehicle and asset tracking system has already been prototyped and field tested. SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. STATEMENT Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties including, without limitation, demand and competition for the Company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from its operations and the ability of the Company to manage its operations. |
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