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HOUSTON, July 2 /PRNewswire/ -- Remote Knowledge, Inc. (OTC Pink Sheets: RKNW), a developer of remote communications solutions, today announced the company will launch its initial sales program for the rk3000 Marine System asset monitoring service at the Marine Aftermarket Accessories Trade Show (MAATS) to be held in Las Vegas, Nevada, July 9-11, 2004. MAATS is the premier event of the marine accessory aftermarket attracting buyers who represent more than 90% of the aftermarket purchasing volume in North America. In anticipation of its product launch, Remote Knowledge hired Rick Canada as Vice President of Recreational Sales. Canada joined the Company on May 1 bringing a wealth of knowledge and experience in the marine recreation industry. He previously owned and operated one of the largest multi-line franchise dealerships that included nationally known brands such as Wellcraft, Mako, Formula and Chaparral. His background also includes a general manager position with a full service marina complex. Canada was instrumental in planning the rk3000 product launch through MAATS. The Company also announced the mutual cancellation of the Master Distribution and Sales Agreement with Sea Smart LLC, a wholly owned affiliate of Sea Tow International Inc., reflecting the change in the Company's marketing strategy, the launch of its initial sales effort at MAATS and the establishment of its own sales staff. Both firms are discussing a revised relationship under the new marketing program to sell the rk3000 marine solution to Sea Tow and its membership under the Sea Smart brand. Commenting on the launch, Chief Executive Officer Randy Bayne said, "The rk3000 system represents a significant step forward in monitoring and communications capabilities available to the marine recreation market. Remote Knowledge has now augmented its design and engineering strength with commensurate dedicated channel marketing expertise. By taking this product to market under our own flag, we can address the entire market opportunity and can demonstrate rk3000's effectiveness through direct customer experiences."
About Remote Knowledge Remote Knowledge, Inc., based in Houston, Texas, develops, markets and delivers end-to-end communications and innovative asset management solutions to remote regions anywhere in the world. A full suite telematics provider, Remote Knowledge provides real-time location-based services via two-way wireless data transfer linked with GPS connectivity. Through its proprietary communications solutions, Remote Knowledge supplies high-speed Internet, VoIP, fax and two-way data transmission to rural and remote areas. Remote Knowledge's products are designed to service the marine pleasure craft, recreational vehicle, commercial maritime, construction, and oil and gas industries.
Forward-Looking Statements This information contains forward-looking statements that relate to our business. Such statements are not guarantees for future performance, and actual results could differ materially from those expressed or implied in such statements as a result of certain factors. All statements, other than statements of historical facts, included in this information that address activities, events or developments that we expect, believe, intend or anticipate will or may occur in the future, including the following matters, are forward-looking statements. These statements are based on certain assumptions and analyses made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. These forward-looking statements are subject to risks and uncertainties, including those associated with the availability of additional financing on favorable conditions; general economic; market and business opportunities that may be presented to and pursued by us; changes in laws or regulations; and successful exploitation of our market opportunities. Significant factors that could prevent us from achieving our stated goals include our inability to obtain financing for research and development, manufacturing, and marketing expenditures, our inability to compete against existing or future competitors, a substantial increase in the cost of our products; declines in the market prices for our products; and adverse changes in our target markets. We undertake no obligation to release publicly any revisions to any forward- looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE Remote Knowledge, Inc. -0- 07/02/2004 /CONTACT: investors, Matt Kreps of Halliburton Investor Relations, +1-972-458-8000, or mkreps@halliburtonir.com , for Remote Knowledge, Inc./ /Web site: http://www.rkiq.com / (RKNW)
CO: Remote Knowledge, Inc.; Sea Smart LLC; Sea Tow International Inc. ST: Texas, Nevada IN: TRN MAR TLS CPR OTC SU: PDT PER TDS
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