Message #4 From:
Stock News Bot Date: March 10, 2005 07:25:51 AM
GWLK Gabriel Technologies Launches New Canadian Distribution Channel; WAR-LOK Cargo Security Line Launches In Canada
Gabriel Technologies Launches New Canadian Distribution Channel; WAR-LOK Cargo Security Line Launches In Canada
OMAHA, Neb.
Gabriel Technologies Inc., Omaha
Dan Chicoine, 402-614-0258
dchicoine@gabrieltechnologies.com
Gabriel Technologies Corp (OTCBB:GWLK), founders of the WAR-LOK(TM) transportation security product line, has signed an agreement with Davanac, Inc. to distribute the WAR-LOK i-Series of physical cargo locks throughout Canada.
The deal expands Gabriel's international distribution channel to include Canada and gives the company access to Davanac's established customer base. Davanac is a leader in the distribution of products to the Canadian railway and industrial markets.
"Davanac customers in both rail and intermodal industries will now have access to a group of physical security locking systems that will enhance the security of their cargo," said John Detlefson, Gabriel Technologies executive vice president. "Designed in conjunction with industry security leaders, the War-Lok i-Series provides the highest level of deterrence to cargo and full container thefts in the intermodal and marine industries."
"We believe Gabriel offers the best security products on the market," said Luigi Covello, President of Davanac, Inc. "Incorporating the War-Lok i-Series allows us to expand our product offering to our customers and expand into new markets."
For more information about the WAR-LOK i-Series visit www.gabrieltechnologies.com/intermodal
About Davanac, Inc.: Davanac, Inc., a Canadian based company established in Montreal, Quebec, is a subsidiary of Unity Railway Supply Co. located in Chicago, Illinois . Davanac's roots date back to 1921 when the W.K. Davidson Co. was founded as a railway supplier. The Davanac name first appeared in 1969 with the merger of W.K. Davidson Company and Adanac Co. Unity Railway Supply Co. acquired Davanac in 1976.
Davanac operates in two locations: Montreal, being the main office and Calgary, Alberta. Both locations have sales and warehousing facilities totaling over 22,000 square feet. Davanac, Inc. offers a wide selection of maintenance of way products, freight car and locomotive parts for the railway industry along with a variety of abrasive products for both the railway and industrial sectors. Our commitment is to provide quality and approved products matched with reliable and knowledgeable sales and service.
About Gabriel Technologies Corporation:
Gabriel Technologies of Omaha, Neb, develops proprietary technology for, and manufactures and sells, a series of physical locking systems for the transportation/shipping industry collectively known as the WAR-LOK(TM) Security System. Security within the transportation/shipping industry has evolved substantially in recent years due to the increased risks in theft and terrorism. In the United States alone cargo theft accounts for over $15 billion in annual losses.
With the implementation of our award winning physical security product line, the WAR-LOK(TM), Gabriel Technologies now provides the transportation/shipping industry cost efficient security measures to prevent theft and other security problems that affect our nation and global economy. Homeland security is Gabriel's top priority and the company is poised with a proven product line to help deter terrorists who try to threaten our nation's security and disrupt the flow of commerce.
SAFE HARBOR Information in this news release may contain statements about future expectations, plans, prospects or performance of Gabriel Technologies Corporation that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. The company cautions you that any forward-looking information provided by or on its behalf is not a guarantee of future performance. None of the information on this news release constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website The company's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond the company's control, in addition to those discussed in the company's press releases, public filings, and statements by the company's management, including, but not limited to, estimates of the sufficiency of its existing capital resources, abilities to raise additional capital to fund future operations and repay its existing indebtedness, and the uncertainties involved in estimating market opportunities. All such forward-looking statements are current only as of the date on which such statements were made. The company does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
