Message #19 From:
NewsBot Date: August 28, 2006 05:57:00 AM
GWLK News Gabriel Technologies Corp. Launches New WAR-LOK(TM) CTL-10 Cargo Utility Trailer Lock; Company Conducts Pilot Program at National Home Improvement Retailer
OMAHA, Neb.--(BUSINESS WIRE)--Aug. 28, 2006--Gabriel Technologies Corporation (OTCBB:GWLK), a leading provider of asset tracking, physical security, secure identity management, GPS-assisted tracking and biometric security products, announced today that it has launched a cargo utility trailer lock product that provides unique barrier protection for trailer hasps. The company has launched a pilot program for the product at a national home improvement retailer with stores in the Jacksonville, Fla. and surrounding areas.
The WAR-LOK(TM) CTL-10 is a die cast zinc barrier box with a keyed locking device that fits securely over the hasp of most cargo utility trailer doors. The locking mechanism and trailer hasp are completely protected from bolt cutters and a variety of potential theft tools.
The CTL-10 internal locking core is designed with a flat-keyed locking system. Each component of this high security disc type cylinder has been designed to withstand the harsh environments of the transportation industry. All components are made of chrome plated hardened steel, brass or stainless steel. The WAR-LOK CTL-10 is pick resistant, drill resistant, and key duplication is virtually impossible. It is ideal for construction containers, motorcycles and small cargo trailers, such as Pace American, Haulmark and Interstate.
Dan Chicoine, president of Gabriel, said, "Typical protection for cargo utility trailers is a padlock, which can be defeated with a bolt-cutter or other theft devices. This product was developed especially for this type of trailer, and it is the first of its kind anywhere. The engineering and design of the product was derived from our industry-leading WAR-LOK TL-10."
During the pilot program, the home improvement retailer will sell the CTL-10 in each of its 10 stores in the Jacksonville vicinity through December 1. The CTL-10 product will be sold in double and single packs. Double packs have a distinctive feature of being keyed alike and have an MSRP of $74.95. Single packs have an MSRP of $39.95.
Chicoine said, "Upon successful completion of the pilot program, the retailer plans to sell our product in more than 2,000 stores across North America. Meanwhile, we are also seeking similar programs with other home improvement retail chains and cargo utility trailer dealers."
Gabriel Technologies is a leading provider of proprietary solutions in three rapidly growing segments of the homeland security market - asset tracking, physical security, and secure identity management for physical and logical access control. The company intends to provide the highest quality security products available by creating innovative, proven technologies that can be implemented on a realistic basis. Gabriel Technologies develops, manufactures and sells a series of technically advanced systems in the physical locking systems market for the transportation and shipping industries through the WAR-LOK brand; GPS-assisted asset tracking through Trace Technologies; and biometric security products through Digital Defense Group. Security issues have evolved substantially in recent years due to increasing risks from identity theft, larceny and terrorism.
Further information can be found at http://www.gabrieltechnologies.com. For more information about Gabriel, contact Daniel Leonard at (402) 614-0258.
Investors may contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.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.
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.
