Message #13 From:
NewsBot Date: September 28, 2005 01:40:00 AM
GWLK News North America's Leading Commercial Vehicle Manufacturer Agrees to Resell Gabriel Technologies' Product Line; Freightliner to Resell WAR-LOK(TM) Trucking Security Products
OMAHA, Neb.--(BUSINESS WIRE)--Sept. 28, 2005--Gabriel Technologies Corp (OTCBB:GWLK), a homeland security company focused on serving the transportation industry, has announced an agreement with Freightliner, LLC to resell Gabriel's WAR-LOK(TM) trucking security product line through Freightliner's industry-leading network of dealerships, part stores and fleet sales in North America.
The Freightliner Group, a DaimlerChrysler company in the Commercial Vehicles Division, has a network of 750 dealers in North America, including Freightliner LLC, Sterling Trucks, Thomas Built Buses, Western Star Trucks and American LaFrance. Of these dealers, 350 are solely focused on Freightliner truck and part sales. They will be the targeted dealer base for WAR-LOK sales by Gabriel and Freightliner.
The roll-out date is scheduled for Oct. 1. Under the agreement, Gabriel's t-Series WAR-LOK physical security line will be sold through Freightliner's distribution network, including the WAR-LOK TAB-10 (tractor air brake lock), WAR-LOK TGH-10 (trailer glad hand lock), WAR-LOK TKP-10 (trailer king pin lock), WAR-LOK TL-10 (trailer rear door lock) and the WAR-LOK line of padlocks.
The WAR-LOK will also be featured through Freightliner dealership showroom floors with display stands as well as in the part departments. Freightliner will include the WAR-LOK product line in its direct-to-fleet sales program.
Keith Feilmeier, CEO of Gabriel Technologies Corp., said, "We are excited to be working with the largest commercial vehicle manufacturer in North America. The distribution reach that Freightliner will add to our current WAR-LOK distribution model will be significant. We are looking forward to a successful and long-term relationship with Freightliner."
About Freightliner
The Freightliner Group is the largest heavy-duty truck manufacturer in North America and a leading producer of medium-duty and specialized commercial vehicles. The Freightliner Group produces and markets Class 3-8 vehicles under the Freightliner, Sterling, Western Star, American LaFrance, and Thomas Built Buses nameplates. The Freightliner Group is a unit of DaimlerChrysler, the world's largest commercial vehicle manufacturer. For more information, visit http://www.freightliner.com.
About Gabriel Technologies
Through its wholly owned subsidiary, Gabriel Technologies, LLC of Omaha, Neb., Gabriel Technologies Corp. develops, manufactures and sells a series of physical locking systems for the transportation and shipping industries collectively known as the WAR-LOK(TM) Security System. Security has evolved substantially in recent years due to increased risks from theft and terrorism. With the implementation of the award-winning WAR-LOK, Gabriel Technologies provides cost-efficient security measures to prevent national and global theft and homeland security issues. Gabriel Technologies' mission is to provide the highest quality security products available to the transportation and shipping industries by creating innovative, proven technologies that can be implemented on a realistic basis. Gabriel Technologies Corp. is also the parent company of the next-generation-assisted GPS company, Trace Technologies, LLC, http://www.trace-tech.net. For more information about Gabriel, contact Dan Chicoine at (402) 614-0258 or visit http://www.gabrieltechnologies.com .
An online investor relations kit containing Gabriel Technologies' press releases, SEC filings, current Level II price quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com. Investors may contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com .
Forward-Looking Statements: Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future Gabriel actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.
