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SpatialNews Press Release
KIA Motors Equips New Model With Destinator-TM Navigation System During Media Test-Drive Event
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MALAGA, Spain, Oct 1, 2001 - PowerLOC Technologies Inc., a subsidiary of Paradigm Advanced Technologies, Inc. (OTCBB:PRAV), ( www.powerloc.com)
announced today that it was invited by KIA motors to install its portable Destinator(TM) Navigation System in KIA's new Carnival model during a test-drive event targeted to the European
media. The event was also backed by Compaq which provided 50 iPaq(TM) PocketPCs. Upon disembarking from the plane in Malaga Airport, 183 reporters from 13 European countries
were handed the keys to the car and invited to test drive it in a predefined two day route. Destinator(TM) Navigation system assisted the reporters by guiding them through their planned
test route. They were very impressed by the Destinator(TM) navigation system, and various foreign reporters claimed that they "were lost and found their way to their hotel, thanks to the
step-by-step navigation assistance of Destinator".
"The event offered a tremendous exposure for Destinator(TM)," said Ron Yekutiel who heads up the Destinator(TM) division. "KIA's invitation, the warm feedback that we received from the
reporters, and the significant interest by European distributors, reinforce our projections that Destinator(TM) will be a smashing success in Europe."
"This event coupled with the positive feedback received from many European automotive reporters are highly propitious for the development of our Automotive OEM and car dealer
aftermarket segments. Destinator(TM) is not only offered as an aftermarket product targeted towards PDA owners, but also competes directly on the OEM level with the traditional
car-mounted navigation systems, offering mobility, reliability and ease of map update at a fraction of the price," said Paradigm's President and CEO, Eduardo Guendelman.
ABOUT PARADIGM ADVANCED TECHNOLOGIES, INC. AND DESTINATOR
The Destinator(TM) product is a premium full-featured satellite navigation system for PocketPC devices and notebook computers. Destinator(TM) is one of the location-based products
developed and manufactured by PowerLOC Technologies Inc., a wholly owned subsidiary of Paradigm Advanced Technologies, Inc. (NASDAQ OTC BB: PRAV). Paradigm provides a full
range of wireless location tracking technology solutions to service providers in the telematics, GPS, M-Business, L-solutions and CRM/ERP markets. Paradigm's servers, software and
devices locate, track, navigate, communicate with and manage vehicles and other assets. Paradigm owns the exclusive licensing rights to a broad based wireless location patent (U.S.
Patent no. B1 5,043,736) covering the apparatus and method of transmitting position information from satellite navigational signals (such as GPS) over cellular systems to a base unit
and displaying the location of that equipped object. Paradigm's rights cover all fields of use for the patented system (except for certain criminal justice applications). For further
information on Paradigm and PowerLOC, visit www.powerloc.com or call (905) 764-3701 ext. 249.
Paradigm is also listed on the Frankfurt Stock Exchange - symbol - PG8.
This press release contains forward-looking statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes
with respect to Paradigm Advanced Technologies, Inc., and its business. The predictions embodied in these statements will involve risks and uncertainties and accordingly, Paradigm's
actual results may differ significantly from the results discussed or implied in such forward-looking statements.
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Oct 1, 2001
Jun 26, 2002
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