SATX, Inc. Working to Complete 10K

Apr 17, 2001, 01:00 ET from SATX, Inc.

    TAMPA, Fla., April 17 /PRNewswire/ --
     SATX, Inc. (OTC Bulletin Board:   SATX) announced today the Company is
 working diligently to complete its 10K filing with the SEC as soon as
 possible.
     Terry L. Colbert, President and CEO of SATX, Inc. commented, "Company
 attorneys, accountants and members of the Board are dedicated to completing
 the filing accurately and as soon as possible."  Colbert went on to say, "The
 new Board and I took over February 27th, and of course, had several issues to
 attend to, including the sale of ORA Electronics.  The short timeframe, in
 which we have had to work, has resulted in a delay in filing of our 10K."
     "We have accomplished several significant activities in the short time
 that the new Board and management have been in place as we have reorganized,
 cleaned up the Balance Sheet and refocused the business," continued Mr.
 Colbert.  "We regret that our filing has not been completed, but want to
 assure our shareholders that we are confident that it will be completed within
 a few days and will reflect all events that have taken place through the
 filing date.  Reporting all events through the filing date has presented
 numerous challenges and we hope the shareholders will be appreciative of the
 immense efforts that have gone into this filing," added Mr. Colbert.
     The Company also stated that due to the efforts that have gone into the
 10K the first quarter 10Q will be filed timely.
     Additionally, the Company announced that it is in the process of
 relocating the Company to Atlanta, GA.  Several options, as to location, are
 being reviewed and additional information will be forthcoming as it is
 available.  In the interim, shareholders may contact the Company's answering
 service at 813-290-0911 for information.
 
     About SATX, Inc.
     SATX, Inc. specializes in wireless communications devices including
 patented proprietary GPS tracking, locating and control devices and prepaid
 cellular technology.  The Company's products position the company to take
 advantage of a wide range of GPS tracking and control applications, prepaid
 cellular and other telecommunications markets
 
     About SATX's Patented Proprietary GPS Tracking and Control Product Line
     SATX holds several patents for 2-way paging technology that utilizes the
 Global Positioning System (GPS), coupled with one-way and two-way paging
 systems.  Their proprietary product line is different from other GPS tracking
 products in that they are not only used to locate a vehicle or rail car, for
 instance, but can also be used to control "on/off" devices such as an
 automobile ignition system, power door locks and various security and theft
 notification and recovery applications.  And more importantly, they do not
 need expensive cellular communications to communicate with the control center.
 SATX utilizes low cost paging systems to send and receive signals to and from
 the various products.  SATX will be announcing their new GPS tracking,
 locating and control product line soon.
 
     About SATX's Prepaid Cellular Technology
     SATX holds proprietary prepaid cellular technology that allows
 users/purchasers to budget exactly how much they wish to spend on their
 cellular services.  The technology eliminates surprise fees and charges and
 utilizes proprietary, copyrighted software that allows the purchaser to use a
 credit card to purchase additional minutes via a toll free number.  Once the
 purchaser buys the minutes they desire, they simply dial a four-digit code
 into the cellular phone that was given to them during the call and within
 minutes the time will be added to the phone.  This can be done anytime from
 any phone and the minutes added immediately.
     Any statements released by SATX that are forward-looking are made pursuant
 to the safe harbor provisions of the Private Securities Litigation Reform Act
 of 1995.  Editors and investors are cautioned that forward-looking statements
 involve risk and uncertainties that may affect SATX's business prospects and
 performance.  Actual results may differ materially from the results predicted,
 and reported results should not be considered an indication of future
 performance.  It is further noted that data referenced in this release may
 represent partial data, such as sales results, which are subject to
 supplementation by other disclosures by the Company.  Potential risks and
 uncertainties may include economic, competitive, governmental, technological,
 or other factors discussed in SATX's filings with the SEC on forms 10-K, 10-Q,
 and 8-K.
     SATX, Inc. is featured on TheStockAdvisor.com and is regularly featured in
 their newsletter.  Additional information may be obtained by emailing
 satxinc@thestockadvisor.com or visiting http://www.thestockadvisor.com.
 
 

SOURCE SATX, Inc.
    TAMPA, Fla., April 17 /PRNewswire/ --
     SATX, Inc. (OTC Bulletin Board:   SATX) announced today the Company is
 working diligently to complete its 10K filing with the SEC as soon as
 possible.
     Terry L. Colbert, President and CEO of SATX, Inc. commented, "Company
 attorneys, accountants and members of the Board are dedicated to completing
 the filing accurately and as soon as possible."  Colbert went on to say, "The
 new Board and I took over February 27th, and of course, had several issues to
 attend to, including the sale of ORA Electronics.  The short timeframe, in
 which we have had to work, has resulted in a delay in filing of our 10K."
     "We have accomplished several significant activities in the short time
 that the new Board and management have been in place as we have reorganized,
 cleaned up the Balance Sheet and refocused the business," continued Mr.
 Colbert.  "We regret that our filing has not been completed, but want to
 assure our shareholders that we are confident that it will be completed within
 a few days and will reflect all events that have taken place through the
 filing date.  Reporting all events through the filing date has presented
 numerous challenges and we hope the shareholders will be appreciative of the
 immense efforts that have gone into this filing," added Mr. Colbert.
     The Company also stated that due to the efforts that have gone into the
 10K the first quarter 10Q will be filed timely.
     Additionally, the Company announced that it is in the process of
 relocating the Company to Atlanta, GA.  Several options, as to location, are
 being reviewed and additional information will be forthcoming as it is
 available.  In the interim, shareholders may contact the Company's answering
 service at 813-290-0911 for information.
 
     About SATX, Inc.
     SATX, Inc. specializes in wireless communications devices including
 patented proprietary GPS tracking, locating and control devices and prepaid
 cellular technology.  The Company's products position the company to take
 advantage of a wide range of GPS tracking and control applications, prepaid
 cellular and other telecommunications markets
 
     About SATX's Patented Proprietary GPS Tracking and Control Product Line
     SATX holds several patents for 2-way paging technology that utilizes the
 Global Positioning System (GPS), coupled with one-way and two-way paging
 systems.  Their proprietary product line is different from other GPS tracking
 products in that they are not only used to locate a vehicle or rail car, for
 instance, but can also be used to control "on/off" devices such as an
 automobile ignition system, power door locks and various security and theft
 notification and recovery applications.  And more importantly, they do not
 need expensive cellular communications to communicate with the control center.
 SATX utilizes low cost paging systems to send and receive signals to and from
 the various products.  SATX will be announcing their new GPS tracking,
 locating and control product line soon.
 
     About SATX's Prepaid Cellular Technology
     SATX holds proprietary prepaid cellular technology that allows
 users/purchasers to budget exactly how much they wish to spend on their
 cellular services.  The technology eliminates surprise fees and charges and
 utilizes proprietary, copyrighted software that allows the purchaser to use a
 credit card to purchase additional minutes via a toll free number.  Once the
 purchaser buys the minutes they desire, they simply dial a four-digit code
 into the cellular phone that was given to them during the call and within
 minutes the time will be added to the phone.  This can be done anytime from
 any phone and the minutes added immediately.
     Any statements released by SATX that are forward-looking are made pursuant
 to the safe harbor provisions of the Private Securities Litigation Reform Act
 of 1995.  Editors and investors are cautioned that forward-looking statements
 involve risk and uncertainties that may affect SATX's business prospects and
 performance.  Actual results may differ materially from the results predicted,
 and reported results should not be considered an indication of future
 performance.  It is further noted that data referenced in this release may
 represent partial data, such as sales results, which are subject to
 supplementation by other disclosures by the Company.  Potential risks and
 uncertainties may include economic, competitive, governmental, technological,
 or other factors discussed in SATX's filings with the SEC on forms 10-K, 10-Q,
 and 8-K.
     SATX, Inc. is featured on TheStockAdvisor.com and is regularly featured in
 their newsletter.  Additional information may be obtained by emailing
 satxinc@thestockadvisor.com or visiting http://www.thestockadvisor.com.
 
 SOURCE  SATX, Inc.