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SATX, Inc. Reports 400% Increase in Revenues in First Month After Completion of Acquisition of TTC.

Business Editors

ATLANTA--(BUSINESS WIRE)--Dec. 5, 2001

SATX, Inc. (OTCBB: SATX) announced today that in the third quarter, recently reported in their 10-QSB, revenues were $254K.

TTC was acquired in September therefore the revenue reported in the QSB was for one month. SATX expects to book over $600K in the next quarter, almost triple the revenue in the third quarter.

The $253K in revenue represents a 400% increase in monthly revenues as compared to the monthly revenue run rate in 2000.

Other recent company developments:
-- SATX, Inc. Announces Third Generation Sys-Go(TM) and AlphaTrak(TM) Products
Ready for Commercialization http://biz.yahoo.com/bw/01092 5/250630_1.html

-- SATX, Inc. Signs Strategic Alliance Agreement with Metrocall, Inc.
http://biz.yahoo.com/bw/01091 8/182288_1.html


About SATX, Inc.

SATX, Inc. is a holding company in the process of developing several interrelated subsidiaries. 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 and a Correctional Facilities Telecommunications Group. For more information, please visit SATX's web site at www.satxtech.com.

Any statements released by SATX that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements 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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Publication:Business Wire
Geographic Code:1USA
Date:Dec 5, 2001
Words:323
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