Printer Friendly
The Free Library
14,679,069 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Elite Logistics Inc. Announces Memorandum of Understanding With Motorola Latin America and Caribbean Region.


Business Editors & Technology Writers

FREEPORT, Texas--(BUSINESS WIRE)--April 17, 2000

Elite Logistics Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:ELOG ELOG Electronic Log
ELOG Epitaxial Lateral Over-Growth
ELOG Emitter Log
ELOG Electronic Logbook
ELOG Event Logging
) (OTCBB:ELOGE), announced today that it has signed a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment.  with Motorola (NYSE NYSE

See: New York Stock Exchange
:MOT) Latin America and Caribbean Region (LACR LACR Light Armored Cavalry Regiment ) following which the parties will seek to negotiate a contract for Motorola LACR to become the exclusive distributor of Elite Logistics' PageTrack(TM) Intelligent Vehicle System (IVS ivs - INRIA Videoconferencing System.

A video-conferencing tool for the Internet based on the H.261 video compression standard.

http://zenon.inria.fr:8003/rodeo/personnel/Thierry.Turletti/ivs.html.
) throughout Latin America. The MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use.  has a term of 60 days, during which the parties will work to conclude a definitive exclusive distribution agreement.

About PageTrack(TM)

Wireless automotive tracking systems have been available for several years. However, they had been prohibitively expensive and therefore the predominant domain of luxury vehicles and large long haul fleets. Elite Logistics' PageTrack(TM) system provides a low-cost approach that will broadly expand the potential markets for IVS products.

PageTrack(TM) integrates a GPS receiver, Motorola's CreataLink 2XT transceiver utilizing ReFlex two-way wireless telemetry technology over the SkyTel paging network to provide a cost-effective end-to-end asset locating, command and control system.

The PageTrack(TM) family of products has been designed to address the critical need to improve productivity, reduce costs, increase security and improve asset management for mobile assets. PageTrack(TM) can monitor, track (including via the Internet), analyze and control the movement of virtually any object, including ground vehicles, marine vessels, railway equipment and valuable objects in transit. In addition to communicating via a secure Internet link, PageTrack(TM) owners can communicate with, and remotely manage, functions on the vehicle via a two-way pager, a Palm Pilot PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). , an Internet access-enabled cellular phone or by calling Elite's 24-hour Customer Support Control Center.

PageTrack(TM) command capabilities can include the unlocking of a vehicle's doors when the keys have been locked inside, remotely commanding the ignition to start to warm it up on cold mornings or cool it down in warm weather, as well as performing many other value-added functions. In addition to monitoring location, PageTrack(TM) capabilities include monitoring sensors on the vehicle or trailer (e.g. door open/close) and notification of events such as alarm or airbag activation.

In the event of an installed alarm activation, PageTrack(TM) can automatically notify customers, via a variety of communications means, that the system is alarmed, thus indicating that their vehicle may be in the process of being stolen. The owner can then instruct the PageTrack(TM) unit to trigger an installed alarm, sound the horn, disable the vehicle and/or notify local law enforcement of the vehicle's location.

About Motorola

Motorola Inc. (NYSE:MOT) is a global leader in providing integrated communications solutions and embedded electronic solutions. Sales in 1999 were $30.9 billion.

About Elite Logistics Inc.

Elite Logistics Inc. is the parent company of Elite Logistics Services Inc., its wholly owned operating subsidiary based in Freeport, Texas. Elite Logistics Services Inc. is best known for its patent-pending PageTrack(TM) family of Intelligent Vehicle Systems that integrate global positioning systems and two-way wireless telemetry technology to provide Internet-enabled tracking and control of vehicles and other assets. The Company provides a comprehensive solution to the logistics needs of fleet managers and security needs of private vehicle owners. The PageTrack(TM) family of Intelligent Vehicle Systems is distributed within the United States through an expanding network of distributors and dealers. Elite Logistics Inc. is a certified value-added integrator for Motorola (NYSE:MOT) and utilizes the paging network of SkyTel, a subsidiary of MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device.

(2) (Microwave Communications Inc.
 WorldCom (Nasdaq:WCOM WCOM MCI/Worldcom (stock symbol)
WCOM Windows Component Object Model
WCOM Wireless Communication
). Pending final approval of the company's Form 10SB by the SEC, the company's ticker symbol has been changed by the Nasdaq from ELOG (OTCBB:ELOG) to ELOGE (OTCBB:ELOGE). For additional information, visit the company's Internet site at www.elitelog.com.

Forward Looking Statements:

This release as it relates to future events, revenue projections and other company matters, contains forward-looking statements, which are made pursuant to the safe harbor 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 all forward-looking statements involve risks and uncertainties.

For additional information on Elite Logistics Inc., please visit the company's Web site www.elitelog.com or contact Joe Smith, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , at 409/230-0222 or e-mail jdsmith@elitelog.com. For additional information on Motorola Inc. please visit the company's Web site at www.motorola.com or contact Bob Turkovic at 954/267-5450.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 17, 2000
Words:719
Previous Article:PeopleLink Selects StrataSource to Manage the Infrastructure for Its Online Communities and Community Services.
Next Article:SCYA & Broadband Technologies Have Their Technology Evaluated.
Topics:



Related Articles
Emery Worldwide: A leader in logistics and cargo transportation solutions.
ERP Solutions.(Enterprise Resources Planning)
BUSINESS SOLUTIONS: Innovation help companies reach the fast-moving Latin American market.
Open Season.
CRM, SUPPLY CHAIN AND OTHER TECHNOLOGY SOLUTIONS.
Brightstar Corp: Latin America's top wireless distributor expanding into the U.S. (Focus On: Special Advertising Feature).
Ten years in Latin America. (Special Advertising Feature).
Health sector reform and women's rights.
Gas giant.(PANORAMA)(Brief Article)
Investing in Latin America: how to navigate the business and political environment.(MANAGEMENT)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles