Centraxx Signs Network Installation Agreement; Sets Sights On Spring Product Rollout.LAS VEGAS--(BUSINESS WIRE)--Oct. 7, 1999-- Centraxx Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CNXX) has appointed Azimuth azimuth (ăz`əməth), in astronomy, one coordinate in the altazimuth coordinate system. It is the angular distance of a body measured westward along the celestial horizon from the observer's south point. Three Enterprises Inc. ("AZ3") as the main contractor to install its Southern Ontario network, the first phase of a planned 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. wide network expansion. Under the terms of their agreement, AZ3 is to immediately commence securing leases for specific tower and rooftop locations, and subsequently will be responsible for a complete network installation. The network deployment is expected to commence in early spring 2000 and be substantially completed and operational within three months from the commencement date. The planned Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, network is to be installed immediately following a successful Ontario launch. The Centraxx Southern Ontario network will cover a wide geographic area bounded by Windsor, Niagara Falls Niagara Falls, waterfall, United States and Canada Niagara Falls, in the Niagara River, W N.Y. and S Ont., Canada; one of the most famous spectacles in North America. The falls are on the international line between the cities of Niagara Falls, N.Y. , Ottawa and Sudbury. One-third of the Canadian population resides in the network coverage area. Each base station will be capable of independently monitoring and tracking the position of tagged vehicles utilizing the Centraxx UNI-POINT(TM) technology. Location information will be instantly communicated to the Centraxx Monitoring Center enabling prompt responsive action. The completion of the Southern Ontario network paves the way for the rollout of the Centraxx AutoRescue(TM) vehicle tracking and recovery system and the AutoRescue PLUS(TM) roadside and emergency notification service. AutoRescue PLUS will enable vehicle owners to summon emergency assistance to their exact location at the touch of a button. Centraxx products are expected be available through traditional distribution channels such as mass merchants, major retailers and car dealerships, as well as through strategic partners such as insurance companies. "Centraxx is an exciting new opportunity for AZ3 and we look forward to being involved in this project by adding value through our in-the-field hands on experience and engineering expertise," stated AZ3 Vice President, Jean Diab. "This is a significant step for Centraxx," remarked Michael St. Eve, V.P. Sales, Network Development. "This proprietary network will be the Centraxx communication backbone, both in the immediate future and for the long term. The Centraxx network will be initially used for vehicle tracking but the capacity is there to accommodate future applications, such as fleet management, cargo tracking and child safety." St. Eve further commented, "With Centraxx AutoRescue, we intend to significantly impact the motor vehicle theft Motor vehicle theft or grand theft auto is a criminal act of theft generally understood to refer to the stealing of automobiles, buses, motorcycles, snowmobiles, trucks, trailers or any other motorized vehicle legally allowed on public roads and highways, including attempted problem in North America. In Canada nearly 500 vehicles are stolen every day and most of these vehicles are never recovered or if recovered they are severely damaged. Centraxx will soon provide the first cost-effective solution for this problem." About AZ3 AZ3 is a full-service engineering, supply, fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. , and installation firm offering turnkey solutions for the communication industry. Through its divisions AZ3 can be involved from the early stages of site investigation and site acquisition to the actual design, fabrication and installation of the required structures such as towers, shelters, rooftops, monopoles and special sites. AZ3 is involved in various markets throughout the world offering total solutions for the cellular, microwave, paging, PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , iDEN and other wireless systems. AZ3 is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation . About Centraxx Centraxx 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 specializing in providing location technology solutions. The company has developed a revolutionary locating system, which establishes a new industry standard for accuracy, speed and reliability. The Centraxx proprietary UNI-POINT technology is an RF land-based system, which can be deployed in multiple network and stand-alone applications. The introduction of the Centraxx AutoRescue vehicle tracking and recovery system represents the first vehicle tracking system in the world combining 10-meter accuracy, affordability and self-arming reliability. Centraxx intends to respond to significant international market opportunities and introduce a continuous stream of products through direct sales and licensing agreements. Centraxx shares are quoted and traded through the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol "CNXX." 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 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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