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PlanetLink Announces Karta's Launch of FleetRADAR Under Licensing Agreement
TUESDAY , AUGUST 16, 2005 09:57 AM
CUMMING, Ga., Aug 16, 2005 (PRIMEZONE via COMTEX) --Continuing with our growth plans for 2005, PlanetLink Communications Inc. (PLKC), a provider of GPS satellite-based products and services, announced today that under our licensing agreement, Karta Technologies, Inc., has launched FleetRADAR, a fleet management platform based on PlanetLink's proprietary technology. Karta will market the FleetRADAR product to its existing customers, both domestically and worldwide.
PlanetTRAKS contracted Karta to develop the TransTRAK fleet monitoring software. The relationship evolved into a strategic partnership resulting in a licensing agreement. FleetRADAR is based upon the proprietary software owned by PlanetLink Communications and licensed to Karta for their use under an OEM licensing agreement.
"We are excited that Karta has launched FleetRADAR under our licensing agreement. As gas prices continue to rise, our proprietary software will become an increasingly valuable tool in reducing and monitoring fleet operational costs," commented M. Dewey Bain, CEO of PlanetLink. PlanetLink will continue to actively explore incremental revenue streams and marketing programs that will position PlanetLink as the global provider of GPS-based fleet tracking devices.
TransTRAK technology is a powerful "real-time" vehicle tracking, monitoring and management system. Complete and easy to use, it collects information from your vehicles and delivers it to your desktop via the Internet. TransTRAK gives you all the information you need for more security, productivity and efficiency. It enables you to maintain greater control over your vehicles and sound decision-making. It's the critical information about your fleets, vehicles and deliverables that you've always wished you could have, available online, day or night.
About PlanetLink Communications, Inc.
PlanetLink Communications, Inc. recently launched its TransTRAK product through its wholly owned subsidiary, PlanetTRAKS. The Company is developing a family of GPS-enabled products and services under the PlanetTRAKS name. TransTRAK is the first of these products and is the Company's turnkey solution for real-time, mobile asset management. From tracking vehicle speed and location in real-time to controlling vehicle functions through remote access, TransTRAK allows the customer to actively monitor and manage virtually any type of mobile asset. For more information on PlanetLink, please visit the company's Website at: http://www.planettraks.com
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis" or "Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request.
SOURCE: PlanetLink Communications Inc.
PlanetLink Communications Inc.