SATX, Inc. is on Target to Book $225K in Revenue in This Quarter, Revenue Expected to Triple in 4th Quarter.Business Editors ATLANTA--(BUSINESS WIRE)--Sept. 27, 2001 SATX SATX San Antonio, Texas SATx Substance Abuse Treatment , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : SATX) announced today that it expects to book over $225K in revenue in this quarter, fiscal third quarter, 2001 and projects the revenue in the next quarter to be over $600K, almost triple the revenue in this quarter. Terry Colbert, president and 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. stated, "When we report this quarter's revenue in the upcoming 10-QSB it will mark the beginning of a new era for SATX. The company will become an operating company operating company A business that engages in transactions with outsiders. and will no longer be considered a development stage company. This is an exciting time for SATX and we are working very hard to bring additional revenue into the company." Recent company developments: SATX, Inc. Announces Third Generation Sys-Go and AlphaTrak Products Ready for Commercialization http://biz.yahoo.com/bw/010925/250630_1.html SATX, Inc. Signs Strategic Alliance Agreement with Metrocall, Inc. http://biz.yahoo.com/bw/010918/182288_1.html SATX, Inc. to Acquire Intelligent Medicine, Inc. --'IMed' http://biz.yahoo.com/bw/010822/220135.html About SATX, Inc. SATX, Inc. is a holding company in the process of developing several interrelated in·ter·re·late tr. & intr.v. in·ter·re·lat·ed, in·ter·re·lat·ing, in·ter·re·lates To place in or come into mutual relationship. in subsidiaries via aggressive internal sales and acquisition campaigns. The Company's primary focus has been the maturation of products and services for GPS-based tracking, locating and control products and is in the process of developing and building a core group of companies including the GPS Technology Group, a Correctional Facilities Telecommunications Group and a Telemedicine Group. For more information, please visit its web site at www.satxtech.com. Any statements released by SATX that are forward-looking 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. Editors and investors are cautioned that 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. involve risk and uncertainties that may affect SATX's business prospects and performance. Actual results may differ materially from the results predicted, and reported results should not be considered an indication of future performance. It is further noted that data referenced in this release may represent partial data, such as sales results, which are subject to supplementation by other disclosures by the Company. Potential risks and uncertainties may include economic, competitive, governmental, technological, or other factors discussed in SATX's filings with the SEC on forms 10-KSB, 10-QSB, and 8-K. |
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