BLACKWOOD, N.J., March 7 /PRNewswire-FirstCall/ -- Airtrax, Inc. (OTC Bulletin Board: AITX - News), a developer of patented Omni-Directional Technology with military and commercial applications, today announced the Company has entered into multiple agreements to expand the distribution network for Airtrax's Omni-Directional Vehicles.
Airtrax has retained Breen Consulting Group of Washington, DC to develop a government contracts program to enable U.S. governmental agencies to purchase Airtrax SIDEWINDER(TM) Omni-Directional products through the U.S. General Services Administration (GSA). Airtrax has also entered into a manufacturer's representative agreement with Breen to provide follow on sales and marketing support with the government if and when a contract is awarded.
Airtrax has also entered into a manufacturer's representative agreement with Universal Equipment, Inc. of Glen Ellyn, Illinois to represent Airtrax products in the commercial side of the market. Universal's network of representatives, including STI (Sales to Industry) on the East coast and NACH (Nevada, Arizona, California and Hawaii) Marketing on the West coast, provides a staff actively working to attract and enlist new dealers into the Airtrax US dealer network. Representatives have been demonstrating Airtrax products to dealers and their major accounts all around the country.
"The United States Government is the largest facilities manager in the United States," said Joseph Breen, President of Breen & Associates. "We believe that Airtrax's patented technology and unique, highly sophisticated equipment has multiple applications suitable for the demanding needs of our government. We believe that Airtrax has positioned itself to become the leader in marketing Omni-Directional Technology to US governmental agencies."
Robert Watson, President and Chief Executive Officer of Airtrax, stated, "We believe that these new marketing and distribution agreements signify Airtrax's growing points of presence in the North American material handling industry. It is our goal to continue to grow our list of representatives and distributors nationally and internationally. In addition to our flagship SIDEWINDER(TM), we still anticipate the availability of Airtrax's new product, the KING COBRA(TM) Aerial Work Platform, for sales and distribution in the second half of 2007. We also expect to announce similar distribution and representative agreements throughout the year, which I believe will bolster future sales."
About Breen Consulting Group and the GSA
Breen Consulting Group is a government contracting sales consulting firm based in Washington, DC. For companies looking for entry into the government markets, Breen Consulting Group provides assistance in compiling necessary information, putting together comprehensive applications, submitting applications to the GSA, and providing follow-on sales and marketing support once under contract.
The U.S. General Services Administration (GSA) is a federal management and procurement agency that provides products and services to the U.S. government. The GSA consists of the Federal Supply Service, the Federal Technology Service, the Public Buildings Service, the Office of Government Policy, and various Staff Offices. The GSA acts as a catalyst for more than one-fourth of the government's total procurement dollars, according to the www.gsa.gov website.
About Airtrax, Inc.:
A U.S.-based developer of Omni-Directional technology, Airtrax designs and manufactures Omni-Directional vehicles. The Airtrax patented wheel was designed and developed by Airtrax after receiving a technology transfer from the US Navy in the form of a Cooperative Research and Development Agreement (CRADA).
The SIDEWINDER(TM) Lift Truck and the Airtrax COBRA(TM) aerial work platforms (AWPs) are the first Omni-Directional vehicles using Omni- Directional Technology and the patented Airtrax wheel to be commercially produced. The nearly maintenance-free drive system design reduces maintenance costs, delivering cost efficiencies to companies both large and small. The Airtrax patented Omni-Directional wheel is manufactured exclusively for Airtrax vehicles.
Airtrax has developed business partnerships, received orders, and shipped SIDEWINDER trucks to California, Wisconsin, Arkansas, Ohio, New Jersey, Kentucky, Florida, and Pennsylvania in the United States, and internationally to the United Kingdom, Japan, Spain, Panama, New Zealand, Canada, Israel, and South Africa,.
For more information and to view a must-see product demonstration, visit www.airtrax.com or http://www.equityperformancegroup.com/clients_airtrax.php.
The Private Securities Litigation Reform Act of 1995 provides a "Safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission. Customers of the SIDEWINDER mentioned in this release may own shares of Airtrax's stock or may own shares in the future.