Virtual Technologies, Ltd. announces solar powered product aimed at cargo-tracking market.

Spokane, WA – January 15, 2001

Virtual Technologies, Ltd. announced today that it will begin testing a solar powered product aimed at the supply chain management market. The system utilizes Virtual Technologies’ patent pending communications and GPS technology to provide real-time or historical movement information of cargo containers. Consumers can use Virtual Technologies’ Web-based tracking and mapping interface to track movement and view cargo door alarm information.

According to a July 1998 Strategis Group report on Automatic Vehicle Location, total revenues for this market segment equaled $418 million in 1998 and revenues are forecasted to grow to $1.5 billion in 2003. The Stratis Group forecasts the penetrable market for automatic vehicle location (AVL), commercial fleet tracking and asset (cargo) tracking to be over $3.5 billion per year in a mature market. According to the Stratis Group study, AVL is poised to become the first “killer app” for both wireless location and mobile data services.

While there are over 100 AVL providers worldwide, they have focused on high-priced satellite-based wireless communications. This positions Virtual Technologies, by it adoption of cost-effective cellular data communication, to capture large segments of the cargo tracking and AVL market. Virtual Technologies is prepared to take advantage of advances in wireless networks, plummeting GPS chip prices, and manufacturing economies of scale associated with Virtual Arrest™ to bring to market the Virtual Track™ Business-to-Business cargo tracking and supply chain management solution. AVL revenues for commercial fleets and trailer tracking are expected to grow from today’s $367 million to over $1 billion by 2001.

Virtual Technologies, Ltd. is a Spokane, Washington based global business-to-business telemetry, communications, remote control, and remote monitoring company, providing a cost-effective line of satellite and wireless solutions for tracking, monitoring, control and reporting of assets and personnel. Its web address is www.VirtualTechnologiesLtd.com.

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For More Information Contact:

Mike Whitefoot Virtual Technologies, Ltd. Tel: ((509) 244-3252 info@VirtualTechnologiesLtd.com