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SpatialNews Press Release
Direct Sales of Paradigm's New Destinator Product Exceeds 1,000 Units
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TORONTO, Aug 22, 2001 - Paradigm Advanced Technologies, Inc., (OTCBB:PRAV) confirmed today that the orders for its Destinator(TM) GPS-based navigation
system product have well exceeded 1,000 units in less than 30 days of the initial launch of the product.
These direct sales have been part of the Company's pre-marketing launch Internet pilot program. The Company indicated it is extremely encouraged by initial demand for the product
especially because most of the sales occurred prior to the recent string of impressive reviews of the Destinator(TM) product.
The initial response to introduction of the product and demand generated through the Internet only ( www.destinator1.com) and RACO Industries' website ( www.trackmyvehicle.com)
has exceeded management's expectations. The Company expects sales of the product will quickly accelerate as additional channels are utilized to sell the product.
The Destinator(TM) navigation system product provides navigation assistance to travelers throughout North America. The Destinator(TM) product allows the users to effortlessly
navigate by providing real-time turn-by-turn voice instructions in either English, French or Spanish that guide the user to his or her destination without the distraction of having to glance
at the Destinator's map readout. Visual guidance is also available in real-time on dynamically updated maps of the area. The Destinator's(TM) GPS unit keeps up with the user's
changing speeds and varied terrain while continuously maintaining the system's accuracy to within 30 feet.
In addition, when Paradigm releases the upgraded version of the Destinator(TM) navigation system, the Company expects to provide additional features such as RouteUSA(TM) that
will enable seamless navigation from coast to coast, an extensive points of interest database and other features. Paradigm will also be including a Western European version of
Destinator navigation system in its product offerings in the very near future.
"We are extremely pleased with the initial success that the Destinator(TM) has generated to date," said Eduardo Guendelman, Paradigm's President and CEO. "It is quickly becoming
an essential and cost-effective accessory for many travelers who want to be able to navigate around new or unknown areas. We anticipate that sales of the product will accelerate
rapidly as we increase our marketing focus."
About Paradigm Advanced Technologies, Inc.
Paradigm Advanced Technologies, Inc. provides a full range of wireless location tracking technology solutions to service providers in the telematics, GPS, M-business and L-solutions
markets. Paradigm's servers, software and devices locate, track, communicate with and manage vehicles and other assets. Paradigm owns the exclusive licensing rights to a
broad-based wireless location patent (US Patent no. B1 5,043,736) covering the apparatus and method of transmitting position information from satellite navigational signals (like GPS)
over cellular systems to a base unit, and displaying the location of an object so equipped. Paradigm's ownership covers all fields of use for the patented system, excluding criminal
justice applications. Paradigm wholly owns PowerLOC Technologies Inc. For further information on Paradigm and PowerLOC, visit www.powerloc.com or call (905) 764-3701 ext. 229
or e-mail us at swener@powerloc.com.
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Aug 23, 2001
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