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SpatialNews Press Release
Paradigm Completes Installation of ServiTrack's L-Biz-R Enabled Tracking System
for Venezuela
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TORONTO, Oct. 17, 2001--PowerLOC Technologies Inc., a subsidiary of Paradigm Advanced Technologies, Inc.
(OTCBB:PRAV), (www.powerloc.com), an international provider of wireless location-based electronic commerce (L-commerce) solutions,
confirmed today that it has completed its L-Biz(R) Tracker(TM) installation for their exclusive LSP(R) (Location Service Provider) for Venezuela,
ServiTrack Tecnologias C.A. ServiTrack is an affiliated company to Telecomunicaciones, Electronica y Control C.A. (Teletrol)
(www.teletrol.com.ve), a long established high technology firm based in Caracas, Venezuela, that provides a variety of industrial control and
security-based services as well as wireless solutions to the Venezuelan marketplace. The proprietary L-Biz(R) Tracker(TM) Server System is now
in full operation for its Vehicle Location Device (VLD) product line.
ServiTrack is now able to provide enhanced vehicle security as well as precise vehicle and asset location and tracking information via the Internet
to thousands of its customers. PowerLOC's unique Tracker(TM) system offers mapping, wireless network access and Internet connectivity to their
users. ServiTrack has agreed to acquire a significant quantity of Vehicle Location Devices over the next 15 months.
"With PowerLOC's technology, we can open new areas of business with our existing customer base as well as attract new customers with
products and services that are at the cutting edge," said William Ramirez, President and CEO of ServiTrack. "In Venezuela there is a tremendous
need for vehicle security and fleet management systems. Until now, it has been cost prohibitive and the coverage was just not there."
"ServiTrack, is an ideal company to help us penetrate the expanding South American marketplace. The system we designed has capabilities and
features that prove to be integral for this market," said Paradigm's CEO, Eduardo Guendelman. "PowerLOC's solution includes features such as
bi-directional message center, alert-panic button, crash detection gear. Our Geo-fence logic is an advanced security feature that sets an electronic
fence around the asset or vehicle location that is capable of, for example, stopping the vehicle's operation if it is reported stolen."
ABOUT PARADIGM ADVANCED TECHNOLOGIES, INC.
Paradigm Advanced Technologies, Inc. (OTC BB: PRAV) 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 (US 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. Paradigm's ownership covers 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.
ABOUT SERVITRACK TECNOLOGIAS C.A.
ServiTrack Tecnologias C.A. (www.servitrack.com) has been established as the commercial arm of its sister company Teletrol C.A.
(www.teletrol.com.ve) to provide location, monitoring and tracking solutions based on PowerLOC's L-Biz(R) LSP(R) business model. The
founders of Teletrol C.A., a private company created in 1988, have more than 20 years experience in SCADA Systems, GPS and DGPS. The
Company is involved in the development, integration, installation and support of SCADA, GPS and DGPS systems in Venezuela and throughout
Latin America and has broad experience in the development of GIS solutions based on Venezuelan maps as well as maps for other major cities in
Latin America. Teletrol C.A. is a party to technology agreements with a number of U.S. and Canadian based automation companies such as
GE-Harris E.C.S., Movatel Inc., Control Microsystems Inc. and Neles Automation Inc. among others.
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 18, 2001
Jun 26, 2002
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