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Satelinx Intl. Announces a 15 - 1 Forward Split of it's Common Stock 7/19/2006 11:46:58 AM MONTREAL, Jul 19, 2006 (BUSINESS WIRE) -- Satelinx (PINK SHEETS:SLXI) announced today, that it has forward split it's shares of it's common stock 15 for 1. The expected effective date of this forward split is Monday, July 24, 2006.
"We believe that this forward split will increase liquidity for our common shares and increase share holder value for our existing stock holders," said Sam Grinfeld, Chairman of Satelinx Intl.
About Satelinx
Satelinx International Inc. provides satellite vehicle tracking units that integrates GSM/GPS/GPRS wireless technologies and the Internet to deliver wireless tracking and location services. Satelinx seeks to be recognized as the world leader in providing safety and security solutions on a global scale in a cost effective manner for vehicle owner, trucking or private vehicle fleet and insurance companies.
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