Proshares Ultrashort Telecommunications (AMEX:TLL)
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From Jul 2019 to Jul 2024
Teletouch Communications, Inc. (AMEX: TLL) announced
today that Megatrux Transportation recently used their Teletouch
VisionTrax(TM) and GeoFleet(TM) GPS vehicle fleet management system to
track and recover a stolen tractor-trailer unit and its cargo. The
recovery led police to a warehouse containing numerous stolen goods
and the arrests of several members of a cargo theft ring operating out
of Pico Rivera, California.
"Megatrux invested in the GeoFleet and VisionTrax GPS-satellite
tracking system to improve management of our trucking assets," stated
Karen C. Pelle, president of Megatrux Transportation Inc., based in
City of Industry, CA. "We were very pleased that we were also able to
use the system to recover our stolen truck, trailer and all of its
contents. This system has become an integral and valuable part of our
customer service and dispatch operations." Using the GeoFleet system,
Megatrux monitors the location of its truck fleet multiple times daily
through GPS location reports transmitted to Low Earth Orbit or "LEO"
satellites reporting back to Megatrux Transportation personnel.
At 7:00AM on March 26, 2005, a Megatrux driver called the
company's dispatch office to report that his loaded truck and trailer
had been stolen in Ontario, CA. Megatrux used the location data
generated by the GeoFleet system to report the theft to local police.
Megatrux then broadcast the stolen trailer information on its
proprietary fax and email network to all of its drivers, in California
and nationwide. Later, using updated GeoFleet data, Megatrux
pinpointed the stolen vehicle location in Pico Rivera, CA, and Los
Angeles County authorities converged on the warehouse to discover it
full of stolen goods. As a result of this recovery, a large cargo
theft ring was uncovered and a number of arrests were made.
Teletouch CEO, T. A. "Kip" Hyde, Jr., added, "The GeoFleet suite
of hardware and software products allow transportation companies of
any size to cost effectively manage their mobile and fleet assets. In
this case, we were delighted to learn that Megatrux was able to not
only recover their tractor-trailer and cargo, but that authorities
were able to find and stop a major criminal enterprise. This is an
outstanding example of how GPS location-based technologies can help
manage and protect vehicles, property and field personnel."
About Megatrux
As a leader in the U.S. domestic freight transportation industry,
Megatrux Transportation, Inc. offers state-of-the-art technology,
software integration, and online trailer tracking to create better
operational efficiencies for themselves and their customers. Megatrux
Transportation trailers utilize satellite tracking. Megatrux, Inc.
warehouses have online visibility of inventory control with 24-hour
digitally recorded surveillance. In addition, Megatrux uses EDI
communications, complete online load tendering, online trailer and
load tracking, online billing, online equipment availability, with
online freight/warehouse/distribution quotes, and online payment
processing. Megatrux is proud to provide the professional setting,
technology and team spirit required to move freight in today's complex
and intense transportation and logistics market. To learn more about
Megatrux Transportation Inc., Megatrux Inc. or Megatrux Express, Inc.,
please go to www.Megatrux.com.
About Teletouch
Teletouch Communications, Inc. provides complete a complete suite
of Asset Location Solutions using sophisticated, yet affordable
telemetry and GPS-based hardware and software products for fleet
management, mobile asset tracking and "worker-down" emergency
notification applications. In addition to its telemetry business,
Teletouch offers cellular, two-way radio communications and wireless
messaging services throughout the United States. Teletouch's common
stock is traded on the American Stock Exchange under stock symbol:
TLL. Additional product, business and financial information for
Teletouch is available at www.Teletouch.com.
All statements in this news release that are not based on
historical fact are "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995 and the
provisions of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended
(which Sections were adopted as part of the Private Securities
Litigation Reform Act of 1995). While management has based any
forward-looking statements contained herein on its current
expectations, the information on which such expectations were based
may change. These forward- looking statements rely on a number of
assumptions concerning future events and are subject to a number of
risks, uncertainties, and other factors, many of which are outside of
our control, that could cause actual results to materially differ from
such statements. Such risks, uncertainties, and other factors include,
but are not necessarily limited to, those set forth under the caption
"Additional Factors That May Affect Our Business" in the Company's
most recent Form 10-K and 10-Q filings. In addition, we operate in a
highly competitive and rapidly changing environment, and new risks may
arise. Accordingly, investors should not place any reliance on
forward-looking statements as a prediction of actual results. We
disclaim any intention to, and undertake no obligation to, update or
revise any forward-looking statement.