Centraxx And Samsung In Deal To Implement Centraxx's Communications And Tracking Network In Korea.

Business Editors

LAS VEGAS, NV--(BUSINESS WIRE)--April 26, 2000

Centraxx Inc. (OTCBB:CNXX) today announced the signing of a Memorandum of Understanding (MOU) with Samsung SDS Co., Ltd. to establish a Joint Venture for the development and operation of a Centraxx Network in Korea and to facilitate cooperative research and development in location technologies.

Samsung SDS will deploy the Centraxx Network in Korea and be the exclusive distributor of Centraxx products in that country. It is intended that Centraxx will assist Samsung SDS with the sales and marketing of the Centraxx products. Both companies will work closely together, including the exchange of resources and sharing of information. Joint research projects will focus on the investigation of new applications and methods related to location technologies and geographic information systems.

"Forging an alliance with Samsung SDS underscores our mission to be a global leader in the development and application of wireless location information solutions," said Centraxx Chairman and CEO, Michael Ivezic. "This affords Centraxx an excellent opportunity to expand our international data communications network and to bolster our R&D efforts on other projects. Samsung is a leading international company and we are delighted to be joining forces with them. With a population of 47 million and over 11 million registered vehicles, Korea represents an immediate opportunity for AutoRescue(TM) and future products designed to locate people and other assets."

"We are very interested in the multiple application potential of the Centraxx UNI-POINT(TM) technology and the high-speed data communication capability of the network," stated Samsung SDS Venture Unit Manager, Sang Jin Park. "In addition to network deployment, we expect our respective R&D teams to compliment each other in developing innovative processes that will enhance, accelerate and streamline the flow of new products to the market."

About Centraxx Inc.

Centraxx Inc. is a wireless data communications company focusing on providing location technology solutions to the mass market. Centraxx has a patent pending RF land-based system that it intends to deploy in a network configuration in key markets across North America and internationally through joint venture relationships. Centraxx UNI-POINT technology is capable of providing high-speed, two-way data transfer and single point tracking and locating information. Over time, this proprietary, high capacity network will facilitate the wireless transfer of data for a wide range of products and applications.

Centraxx will first introduce an automotive application, the AutoRescue vehicle tracking and recovery system with AutoRescue PLUS(TM) roadside and emergency notification service. This will be the world's first vehicle tracking system combining high accuracy, self-arming reliability and a low price.

More information regarding Centraxx and its products and services can be found on the World Wide Web at www.centraxx.com.

About Samsung SDS Co., Ltd

Samsung SDS Co, Ltd., is a fully integrated IT company that devises information technology solutions that help businesses boost productivity. It handles comprehensive turnkey projects requiring system analysis, design, installation, upgrading, consulting, and troubleshooting. The company operates major voice, data, satellite, and video networks in Korea, and is also a major online service provider.

Samsung SDS has strategic alliances with some of the world's leading information technology (IT) companies such as Microsoft (NASDAQ:MSFT), Hewlett Packard (NYSE:HWP), Silicon Graphics (NYSE:SGI), and Computer Associates (NYSE:CA) and the company strives to become a globally recognized IT company in the future.

Samsung SDS is a subsidiary of the Seoul, Korea-based Samsung Group, the 14th largest company in the world and a worldwide producer of telecommunications systems, consumer appliances, A/V equipment, computers, printers and semiconductors.

More information regarding Samsung SDS and its products and services can be found on the World Wide Web at www.sds.samsung.com.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, acceptance of the Company's products, increased levels of competition, new products and technological changes, the Company's dependence upon third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

(The information in this release has been neither approved nor disapproved by any regulatory body.)