Centraxx Wireless Technology Going to China.

Business Editors

LAS VEGAS--(BUSINESS WIRE)--Feb. 23, 2000

Centraxx Inc. (OTCBB:CNXX) today announced that it has signed a Memorandum of Understanding for the purpose of entering into a Distribution and Licensing Agreement with First Fair Technologies Limited (FFT) of China.

Under the terms of the proposed agreement FFT will form a new corporation in which Centraxx will take a minority position. The new corporation will be the exclusive Centraxx distributor and licensee for a territory that includes Beijing, Tianjin, Hebei Province, Guangdong Province and Hong Kong. The agreement calls for installation of the Centraxx wireless network within 18 months.

The territory has an approximate population of 145 million, including the capital city of Beijing with a population of over 12 million. The Guangdong Province, located north of Hong Kong, includes the fast developing Pearl River Delta region.

"This deal has tremendous potential for our company," stated First Fair Technologies Managing Director, Mr. Hongchao Mu. "Centraxx provides us with an excellent opportunity to become involved in the developing phase of a revolutionary wireless technology, and to greatly expand our core business. We are network specialists and with Centraxx it is all about the network. Vehicle tracking is just the beginning."

"There is considerable international interest in our technology and products," remarked Centraxx Chairman and CEO, Michael Ivezic. "Strategically, it makes sense for Centraxx to pursue high potential opportunities outside of North America. We are very proud that our first international agreement is with a quality partner like First Fair Technologies that will in turn enable Centraxx to enter the significant China market."

"In terms of market potential for Centraxx's first product offering-the AutoRescue(TM) system, China is a vast market with an emerging auto industry," said Centraxx V.P. Sales, Network Development, Michael St. Eve. "Consumer demand for vehicles is rising and this trend is being supported by initiatives such as the Chinese banking sector increasing the availability of loans to automobile buyers. Concerns for auto security and personal safety are universal so the Chinese market for Centraxx products is immense. We expect to sell in excess of 500,000 units to the Chinese market in the first three years of operating."

FFT has been involved in the Chinese wireless industry since 1990, installing network systems and selling products on a wholesale and retail basis. The company is the exclusive Mainland China distributor for EF Johnson Company, a wholly owned subsidiary of Transcrypt International, Inc (OTCBB:TRII). FFT also sells the Marantz Standard Brand line of marine and portable radio products. The company is also one of the key contractors for installation of two-way radio networks for Motorola (NYSE:MOT) in China.

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 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.)