DataLogic International Completes Panther Trak(TM) Sales and Technology License Agreement
10 Juli 2006 - 4:23PM
PR Newswire (US)
IRVINE, Calif., July 10 /PRNewswire-FirstCall/ -- DataLogic
International, Inc. (OTC Bulletin Board: DLGI; Berlin, Frankfurt
Stock Exchange: 779612), a provider of consulting services and
advanced communications solutions, today announced it has sold 700
Panther Trak(TM) mobile tracking units, related inventory and
certain other assets related to its BounceGPS(TM) small
fleet/sub-prime lending market operations. DataLogic have also
entered into an agreement to license, on a non-exclusive basis,
certain of its asset management solution technologies to the
purchaser. LOGOS: http://www.dlgi.com/media.html In the
transaction, DataLogic received $450,000 in cash and $250,000 in a
promissory note. The purchaser assumed certain liabilities related
to the BounceGPS operations. DataLogic will also receive a royalty
stream from the licensed technology. "This transaction will permit
us to focus our efforts on developing and marketing asset
management solutions for our core OEM, government, public safety,
and other niche markets," stated Keith Moore, CEO, DataLogic
International, Inc. "At the same, we were able to monetize our
technology platform in other markets and have the opportunity to
develop a recurring royalty revenue stream. This is yet another key
strategic move to further streamline our operations as well as
realign our company to create greater shareholder value." For more
information about DataLogic International, Inc. please visit
http://www.dlgi.com/ This news release includes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding, among other things, our plans, strategies and
prospects, both business and financial. Although we believe that
our plans, intentions and expectations reflected in or suggested by
these forward-looking statements are reasonable, we cannot assure
you that we will achieve or realize these plans, intentions or
expectations. Forward-looking statements are inherently subject to
risks, uncertainties and assumptions. Many of the forward-looking
statements contained in this news release may be identified by the
use of forward-looking words such as: believe, expect, anticipate,
should, planned, will, may, intend, estimated, and potential, among
others. Important factors that could cause actual results to differ
materially from the forward-looking statements we make in this news
release include market conditions and those set forth in reports or
documents that we file from time to time with the United States
Securities and Exchange Commission. All forward-looking statements
attributable to DataLogic International or a person acting on its
behalf are expressly qualified in their entirety by this cautionary
language. ISIN: US23804Q1022 Contact: Keith C. Moore, Chairman and
CEO DataLogic International, Inc. +1-949-260-0120 DATASOURCE:
DataLogic International, Inc. CONTACT: Keith C. Moore, Chairman and
CEO of DataLogic International, Inc., +1-949-260-0120, Web site:
http://www.dlgi.com/
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