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Airtrax Retains OTC Financial Network for Comprehensive Investor Relations
09/28/2004
Airtrax Retains OTC Financial Network for Comprehensive Investor Relations Campaign
HAMMONTON, N.J., Sept. 28 /PRNewswire-FirstCall/ -- Airtrax, Inc. (BULLETIN BOARD: AITX), a developer of patented, omni-directional technology with military and commercial applications, announced today that it has retained OTC Financial Network, a division of National Financial Communications Corp., to implement a comprehensive investor relations program.
(Photo: http://www.newscom.com/cgi-bin/prnh/20040824/PHTU001-a http://www.newscom.com/cgi-bin/prnh/20040824/PHTU001-b )
Geoffrey Eiten, president of National Financial Communications, stated, "Airtrax recently secured exclusive, strategic relationships with multi- billion-dollar companies, including Timken Company, to manufacture its flagship product, the SIDEWINDER(TM) ATX-3000 Omni-Directional Lift Truck. The SIDEWINDER is poised to meet demand in the $15 billion materials handling equipment industry, which after a long period of reduced spending, is now on the verge of a major growth trend."
Eiten continued, "Through its highly-competitive product line, nationwide distribution strategy and a key acquisition overseas, Airtrax should begin generating a strong revenue stream in the first quarter of 2005. We are excited to represent the Company as it transitions from its development to commercialization phase, offering strong upside potential for the early investor."
Peter Amico, president of Airtrax, Inc., stated, "With over a decade of experience in investor relations in the small/micro-cap community, OTC Financial Network has been retained to help us expand our North American base of institutional and retail investors and enhance shareholder communications as we pursue our aggressive strategy for growth."
About OTC Financial Network
OTC Financial Network, a division of National Financial Communications Corp. (http://www.nationalfc.com/) based in Needham, Massachusetts, is a full- service financial communications and investor relations firm that specializes in micro-cap companies. The Company's proactive campaigns are custom designed to strengthen each client's presence in the investment community by disseminating breaking news and fundamental positions to spheres of influence; building upon the client's existing shareholder base; and soliciting institutional coverage. For more information, visit http://www.otcfn.com/.
About Airtrax, Inc.
A U.S.-based developer of omni-directional technology, Airtrax designs and manufactures omni-directional vehicles. A 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) Omni-Directional Lift Truck and the Airtrax Phoenix(TM) aerial work platform are the first commercially produced omni-directional vehicles using omni-directional technology and a patented Airtrax wheel. Unlike any other lift truck, the SIDEWINDER and Phoenix can turn 360 degrees in its own footprint, allowing warehouses to utilize 20 to 30% more of existing space. Its nearly maintenance-free design also drastically reduces maintenance costs, delivering tremendous cost efficiencies to companies both large and small. The omni-directional wheel is manufactured by The Timken Company under exclusive production rights to Airtrax. For more information and to view a must-see product demonstration, visit /.
OTC Financial Network serves as special advisor to Airtrax, Inc. and has received fees for services, including a monthly base fee of five thousand dollars, paid for in cash. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. Full disclaimer information can be found online at http://www.otcfn.com/aitx/disclaim.html.
The Private Securities Litigation Reform Act of 1955 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.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040824/PHTU001-ahttp://www.newscom.com/cgi-bin/prnh/20040824/PHTU001-bAP Archive: http://photoarchive.ap.org/ Airtrax, Inc.
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