Teletouch Signs Dealer Agreement for Guidepoint(TM) GPS Fleet Solution
13 July 2005 - 3:18AM
Business Wire
Teletouch Communications, Inc. (AMEX:TLL), a leader in wireless
messaging, and GPSi, LLC today announced the signing of a
comprehensive dealer agreement aimed at providing cost-effective
fleet-management solutions for small- to mid-sized business and
government vehicle fleets. Pontiac, Mich.-based GPSi, which
operates the Guidepoint(TM) telematics system, is providing
Teletouch with a private-label fleet management solution to be sold
under the VTrax(TM): Powered by Guidepoint(TM) brand. Teletouch
recently began offering the new fleet solution to its Two-Way Radio
Systems commercial and government customers in Texas, and will
begin offering the VTrax products throughout the country later this
month. The new dealer agreement expands on Teletouch's current
contractual relationship with GPSi to provide response center and
help-desk services for Guidepoint users in the U.S. and Canada.
Guidepoint is a comprehensive technology and service solution for
stolen vehicle recovery, driver safety/convenience and fleet
management that integrates GPS satellites, wireless technology, the
Web and 24/7/365 call centers in the U.S. and Mexico. Teletouch
customers can reach the new fleet services group by calling
toll-free, 888-GPS-FIND (888-477-3463), or by logging on to
http://www.teletouch.com/vtrax_login.htm. The VTrax: Powered by
Guidepoint fleet solution is targeted to small and mid-size
enterprises with fleets of 2-to-200 vehicles. Designed with a "less
is more" philosophy, VTrax offers the features most desired by
small fleet operators, including ignition on/off and history
reporting, stop reporting, and location-based tracking. VTrax
delivers a complete tracking solution that fits a variety of
business and government applications, including everything from
contractors and mobile sales forces, to HVAC and delivery services,
school districts and utilities. Guidepoint's fully digital system
operates on the Cingular(R) GSM/GPRS/Edge nationwide network. Plus,
Guidepoint's fleet solution offers a number of special features,
including an optional in-vehicle panic button, with 24/7/365
response center assistance and stolen vehicle recovery and
emergency support. "We're pleased to expand our relationship with
Teletouch to provide a cost-effective and feature-rich fleet
solution for small- to mid-sized enterprises, which we feel have
been vastly underserved," said Rand Mueller, President and CEO of
GPSi. "There are literally thousands of smaller, 2-to-200 vehicle
fleets that can achieve significant and immediate returns on
investment through improved asset management, insurance discounts
and the cost-saving benefits of using a GPS-based solution to
manage their fleets." T. A. "Kip" Hyde, Jr., Teletouch CEO added,
"Given recent record gas prices, many companies and government
agencies are taking a renewed and vigorous look at the use of their
fleets, especially with respect to 'approved' versus 'personal'
use. We have seen reductions of fleet vehicle use by as much as
twenty-five percent, once vehicle tracking systems have been
installed. The VTrax product line nicely complements our broader
GPS-based telemetry solutions offering." About GPSi GPSi develops
and markets telematics solutions for the automotive aftermarket.
Based in Pontiac, Mich., GPSi draws on more than three decades of
experience supplying mobile electronics to the automotive
aftermarket, as well as 15 years experience in vehicle tracking.
The Guidepoint(TM) telematics service, which is available through
leading auto dealers in the United States and Mexico, lets drivers
access a range of safety, security and convenience options
including 24/7 vehicle tracking, emergency dispatch, roadside
assistance, discounted hotel and dining and more. Visit
www.guidepointsystems.com or call 1-877-GPS-FIND for more
information. About Teletouch Teletouch Communications, Inc., a
proven U.S. leader in wireless messaging and related network
management, provides a complete suite of mobile asset tracking
solutions using sophisticated, yet cost-effective GPS-based
hardware and software products for fleets, hazardous materials and
"worker-down" emergency notification applications. In addition to
its telemetry business, Teletouch offers two-way radio
communications, cellular 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. Cingular is a registered trademark of Cingular Wireless
II LLC or its affiliates.
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