ATLANTA, GA -- (MARKET WIRE) -- 04/09/08 -- EarthSearch Communications International, Inc.(FRANKFURT: 3ES1), a leading supplier and developer of wireless andGPS-based tracking and navigation solutions, was awarded two contracts fromthe African nation of Nigeria last week, valued at more than $110M.
The first contract, awarded by DigiQuest of Nigeria, was developed as anexclusive, non-compete, five-year contract, and includes the distributionof navigation solutions marketed as NavPlayer(TM) and RoadNut(TM). Inaddition to exclusivity in navigation solutions, DigiQuest will also marketand sell tracking solutions.
The second contract was awarded by LocateIT for over $25M with exclusiverights to market and sell EarthSearch tracking solutions marketed asAutoSearchGPS(TM) and AutoSearchRFID(TM). LocateIT will further purchasenavigational devices for their market.
Nigeria is the second largest economy in Africa, and with a population ofover 140 million, represents the largest consumer population oftelecommunications products. As Africa's most populous country, Nigeria'seconomic profile provides wide ranging opportunities for wirelessadaptabilities. The exclusive licensee agreement calls for the transfer oftechnology, training, marketing support, as well as technical support.
Kayode Aladesuyi, Chief Executive Officer and President of EarthSearch,realizes the economies to be gained by such an exclusive licenseeagreement. "At EarthSearch, we recognize the enormous potential ofGPS-based tracking and navigation technologies in emerging markets," hesaid. "Both licensees complement our existing strategies in the use ofGPS-based and wireless technologies in improving the operationalefficiencies and security of businesses as well as meeting the safety andentertainment requirements of the end-users."
ABOUT EARTHSEARCH COMMUNICATIONS
EarthSearch Communications International, Inc. is a US-based companyspecializing in GPS-based and wireless solutions. Its operationalfacilities are located in the United States, Canada and Brazil where, also,its R&D is headquartered. EarthSearch is listed with the Frankfurt StockExchange and is currently traded under the symbol 3ES1.
Its expertise with GPS technology, combined with exceptional support andservice facilities, distinguishes EarthSearch as the leading manufacturerand supplier of GPS technology in the marketplace.
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For more information about us, please contact:Maureen StrattonMarketing Communications ManagerEarthSearch Communications International, Inc.Phone: (866) 953-4184Email: Email ContactFax: (877) 248-2673http://www.earthsearch.us