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Monday July 10, 2006 News Release DataLogic International Completes Panther Trak™ Sales and Technology License Agreement IRVINE, CA, July 10, 2006 – DataLogic International, Inc., (OTC Bulletin Board: DLGI; Berlin, Frankfurt Stock Exchange: 779612), a provider of consulting services and advanced communications solutions, today announced it has sold 700 Panther Trak™ mobile tracking units, related inventory and certain other assets related to its BounceGPS™ small fleet/sub-prime lending market operations. DataLogic have also entered into an agreement to license, on a non-exclusive basis, certain of its asset management solution technologies to the purchaser. *(LOGO: www.dlgi.com/media.html) In the transaction, DataLogic received $450,000 in cash and $250,000 in a promissory note. The purchaser assumed certain liabilities related to the BounceGPS operations. DataLogic will also receive a royalty stream from the licensed technology. “This transaction will permit us to focus our efforts on developing and marketing asset management solutions for our core OEM, government, public safety, and other niche markets”, stated Keith Moore, CEO, DataLogic International, Inc. “At the same, we were able to monetize our technology platform in other markets and have the opportunity to develop a recurring royalty revenue stream. This is yet another key strategic move to further streamline our operations as well as realign our company to create greater shareholder value.” For more information about DataLogic International, Inc. please visit www.dlgi.com About DataLogic International, Inc. This news release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, as amended,
regarding, among other things, our plans, strategies and prospects,
both business and financial. Although we believe that our plans,
intentions and expectations reflected in or suggested by these
forward-looking statements are reasonable, we cannot assure
you that we will achieve or realize these plans, intentions
or expectations. Forward-looking statements are inherently subject
to risks, uncertainties and assumptions. Many of the forward-looking
statements contained in this news release may be identified
by the use of forward-looking words such as: believe, expect,
anticipate, should, planned, will, may, intend, estimated, and
potential, among others. Important factors that could cause
actual results to differ materially from the forward-looking
statements we make in this news release include market conditions
and those set forth in reports or documents that we file from
time to time with the United States Securities and Exchange
Commission. All forward-looking statements attributable to DataLogic
International or a person acting on its behalf are expressly
qualified in their entirety by this cautionary language. Contact: Investor Relations Contact: SOURCE: DataLogic International, Inc. |
