Centraxx Begins Trading On The Frankfurt Stock Exchange.

Business Editors

LAS VEGAS--(BUSINESS WIRE)--Oct. 3, 2000

Centraxx Inc. (OTCBB:CNXX), a wireless and location technology innovator, today announced that it has received approval from Deutsche Borse AG and its shares are now available for trading through the Third Market Segment of the Frankfurt Stock Exchange, the third largest exchange in the world.

The trading symbol is CJQ and the German securities code is 931 508.

Berliner Freiverkehr (Aktien) Handel AG, a major German investment banking and brokerage firm, with the assistance from the Geneva Group, a US based consulting firm, facilitated the Frankfurt listing. Berliner Freiverkehr will also act as the Company's market maker and a local specialist on the German exchange.

"There is worldwide interest in our technology and demand for our products so it is a natural progression for us to facilitate international trading in Centraxx shares through this listing on the Frankfurt Stock Exchange," stated Centraxx Chairman and CEO, Michael Ivezic. "Being on a major German stock exchange is a part of our company's overall strategy to boost our status as an emerging global player."

Mr. Ivezic also stated, "The NASDAQ listing application has been withdrawn for the time being." He added further, "As soon as Centraxx meets the minimum listing requirements, including a $4.00 bid price, we intend to re-submit the NASDAQ application."

About Centraxx Inc.

Centraxx Inc. is a wireless data communications company currently 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. 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(TM) 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 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 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.)