Centraxx And Speedy Sign Retail Distribution Agreement.Business Editors TORONTO--(BUSINESS WIRE)--May 18, 2000 Centraxx Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNXX) has signed a Retail Marketing Agreement with Speedy Auto and Window Glass Ltd ("Speedy"). The agreement calls for Speedy to market, sell and install the Centraxx AutoRescue(TM) vehicle tracking and location system and the AutoRescue PLUS(TM) roadside and emergency notification system A modern notification system is a combination of software and hardware that provides a means of delivering a message to a set of recipients. For example, notification systems can send an e-mail when a new topic has been added to Wikipedia. through its retail locations in Southern Ontario, Canada. Centraxx and Speedy have agreed to jointly develop and launch various merchandising and retail programs to promote the sale of AutoRescue. As the Centraxx network area is expanded, Speedy also intends to sell AutoRescue in those areas where they have retail units. "The Speedy organization is a perfect fit for us," stated Centraxx VP Sales, Bob Hill. "As an industry leader, Speedy will provide excellent retail exposure for our products. They have concentrated presence in Southern Ontario and in many other key markets Centraxx expects to enter. Speedy will also add value as an authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: installation partner providing professional on-site installation for AutoRescue customers. They currently provide a similar service for several major insurance companies." Mr. Hill added, "We are delighted to welcome Speedy to the growing family of Centraxx strategic partners." "The auto glass industry is a natural retail channel for Centraxx AutoRescue and certainly at Speedy where we are always searching for better ways to serve our customers and to offer quality automotive aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. products," stated Speedy V.P. Sales & Marketing, Bill Robertson Billy Henry "Bill" Robertson (born May 5, 1938) has been the Democratic mayor of the small city of Minden, the seat of Webster Parish in northwestern Louisiana, since his initial election on November 6, 1990. . "Speedy anticipates selling a substantial number of systems because of the low price and functionality. We expect AutoRescue to be a big winner for us." About Speedy Auto and Window Glass Ltd. Established in 1946, today Speedy Auto and Window Glass has over 288 strategically located retail branches throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Speedy provides superior quality automotive and home/business glass replacement, as well as repair services. In 1998 Speedy opened the industry's first call center designed to process auto glass repair and replacement claims for insurance companies. Speedy Auto Glass is a division of TCG (Trusted Computing Group, Beaverton, OR, www.trustedcomputinggroup.org) The successor to the Trusted Computer Platform Alliance (TCPA), announced in 2003 by founding members AMD, HP, IBM, Intel and Microsoft. International Inc. (www.tcgi.com). More information regarding Speedy Auto and Window Glass and its products and services can be found on the World Wide Web at www.speedyglass.com. About Centraxx Inc. Centraxx Inc. is a wireless data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. company currently focusing on providing location technology solutions. Centraxx has a patent pending RF land-based system that it intends to deploy in a network configuration in key markets across North America. Centraxx UNI-POINT(TM) 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 roadside and emergency notification and LifeLink(TM) automatic collision notification. Rollout is expected in Southern Ontario, Canada in the fourth quarter this year. This will be the world's first vehicle tracking system combining high accuracy, self-arming reliability and affordability. More information regarding Centraxx and its products and services can be found on the World Wide Web at www.centraxx.com. 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. in this release are made pursuant to the "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. " provisions of 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. 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.) |
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