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CEOcast Interviews Terry L. Colbert, Chairman and CEO of SATX, Inc.

Business Editors

ATLANTA--(BUSINESS WIRE)--August 20, 2001

SATX Inc. (OTCBB:SATX), today announced that Terry L. Colbert, chairman, president and chief executive officer of SATX, was featured in an interview by CEOcast Inc.

Mr. Colbert discussed the strategy and vision of the company, new products in development and a letter of intent that was recently signed between SATX and TTC, Inc., which SATX is acquiring in a stock-for-stock transaction.

The interview was conducted Friday, August 17th at 10 a.m. (EST) by CEOcast senior analyst, Ken Sgro, and is currently available for viewing at the CEOcast Web site, www.ceocast.com.

CEOcast is a leading information source for professional investors seeking successful new investment ideas. CEOcast conducts in-depth interviews of CEOs with leading public companies, which are geared toward sophisticated investors who seek an unscripted, first-hand perspective that enables them to make informed investment decisions.

The interview can be found at www.ceocast.com by clicking on the CEO Interviews link; interviews are listed in alphabetical order.

For more information on SATX, its news releases, SEC filings and financial statements, visit the company's Web site at www.satxtech.com.

About SATX Inc.

SATX Inc. (OTCBB:SATX), is a holding Company with access to capital to implement its business plan and is in the process of developing several interrelated subsidiaries. The Company's primary focus has been the maturation of products, services and markets for the prepaid cellular market and GPS-based tracking, locating and control business units. As SATX moves forward, the Company intends to develop and build a core group of companies such as: a GPS Technology Group, a Correctional Facilities Telecommunications Group, a Telemedicine Group, and an IT and Support Group that will support all of the companies.

Safe Harbor Statement Under the Private Securities Litigation Reform Act:

Statements in this news release may contain forward-looking information within the meaning of Section 27A of the U.S. Securities Act of 1993 and Section 21E of the Securities and Exchange Act of 1934. All statements, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties, which may, individually or mutually, impact the matters described herein. Readers should not place undue reliance on any such forward-looking statements. Some of the risks and uncertainties may be seen in the company's current Form 10-K-SB report and subsequently filed SEC reports.
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Publication:Business Wire
Date:Aug 20, 2001
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