Teletouch GPS Tracking System Assists in Discovery and Breakup of California Theft Ring; Megatrux Recovers Stolen Truck and Carg
12 May 2005 - 9:30PM
Business Wire
Teletouch Communications, Inc. (AMEX: TLL) announced today that
Megatrux Transportation recently used their Teletouch
VisionTrax(TM) and GeoFleet(TM) GPS vehicle fleet management system
to track and recover a stolen tractor-trailer unit and its cargo.
The recovery led police to a warehouse containing numerous stolen
goods and the arrests of several members of a cargo theft ring
operating out of Pico Rivera, California. "Megatrux invested in the
GeoFleet and VisionTrax GPS-satellite tracking system to improve
management of our trucking assets," stated Karen C. Pelle,
president of Megatrux Transportation Inc., based in City of
Industry, CA. "We were very pleased that we were also able to use
the system to recover our stolen truck, trailer and all of its
contents. This system has become an integral and valuable part of
our customer service and dispatch operations." Using the GeoFleet
system, Megatrux monitors the location of its truck fleet multiple
times daily through GPS location reports transmitted to Low Earth
Orbit or "LEO" satellites reporting back to Megatrux Transportation
personnel. At 7:00AM on March 26, 2005, a Megatrux driver called
the company's dispatch office to report that his loaded truck and
trailer had been stolen in Ontario, CA. Megatrux used the location
data generated by the GeoFleet system to report the theft to local
police. Megatrux then broadcast the stolen trailer information on
its proprietary fax and email network to all of its drivers, in
California and nationwide. Later, using updated GeoFleet data,
Megatrux pinpointed the stolen vehicle location in Pico Rivera, CA,
and Los Angeles County authorities converged on the warehouse to
discover it full of stolen goods. As a result of this recovery, a
large cargo theft ring was uncovered and a number of arrests were
made. Teletouch CEO, T. A. "Kip" Hyde, Jr., added, "The GeoFleet
suite of hardware and software products allow transportation
companies of any size to cost effectively manage their mobile and
fleet assets. In this case, we were delighted to learn that
Megatrux was able to not only recover their tractor-trailer and
cargo, but that authorities were able to find and stop a major
criminal enterprise. This is an outstanding example of how GPS
location-based technologies can help manage and protect vehicles,
property and field personnel." About Megatrux As a leader in the
U.S. domestic freight transportation industry, Megatrux
Transportation, Inc. offers state-of-the-art technology, software
integration, and online trailer tracking to create better
operational efficiencies for themselves and their customers.
Megatrux Transportation trailers utilize satellite tracking.
Megatrux, Inc. warehouses have online visibility of inventory
control with 24-hour digitally recorded surveillance. In addition,
Megatrux uses EDI communications, complete online load tendering,
online trailer and load tracking, online billing, online equipment
availability, with online freight/warehouse/distribution quotes,
and online payment processing. Megatrux is proud to provide the
professional setting, technology and team spirit required to move
freight in today's complex and intense transportation and logistics
market. To learn more about Megatrux Transportation Inc., Megatrux
Inc. or Megatrux Express, Inc., please go to www.Megatrux.com.
About Teletouch Teletouch Communications, Inc. provides complete a
complete suite of Asset Location Solutions using sophisticated, yet
affordable telemetry and GPS-based hardware and software products
for fleet management, mobile asset tracking and "worker-down"
emergency notification applications. In addition to its telemetry
business, Teletouch offers cellular, two-way radio communications
and wireless messaging services throughout the United States.
Teletouch's common stock is traded on the American Stock Exchange
under stock symbol: TLL. Additional product, business and financial
information for Teletouch is available at www.Teletouch.com. All
statements in this news release that are not based on historical
fact are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 and the provisions
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended
(which Sections were adopted as part of the Private Securities
Litigation Reform Act of 1995). While management has based any
forward-looking statements contained herein on its current
expectations, the information on which such expectations were based
may change. These forward- looking statements rely on a number of
assumptions concerning future events and are subject to a number of
risks, uncertainties, and other factors, many of which are outside
of our control, that could cause actual results to materially
differ from such statements. Such risks, uncertainties, and other
factors include, but are not necessarily limited to, those set
forth under the caption "Additional Factors That May Affect Our
Business" in the Company's most recent Form 10-K and 10-Q filings.
In addition, we operate in a highly competitive and rapidly
changing environment, and new risks may arise. Accordingly,
investors should not place any reliance on forward-looking
statements as a prediction of actual results. We disclaim any
intention to, and undertake no obligation to, update or revise any
forward-looking statement.
Proshares Ultrashort Telecommunications (AMEX:TLL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Proshares Ultrashort Telecommunications (AMEX:TLL)
Historical Stock Chart
From Jul 2023 to Jul 2024