Sam Grinfield Takes Over CEO Satelinx

Robert Ireland steps aside as CEO of Satelinx.

(PRWEB) November 23, 2006 -- Robert Ireland resigns as CEO of Satelinx to return as CEO of Virtual Wave Inc.

Mr. Ireland was involved in the new management structure of Satelinx and to help in various GPS projects. Sam Grinfield will take over the CEO position which he was CEO prior to Mr. Ireland coming on board with Satelinx. Mr. Ireland leaves on a good note and the reorganization is well under way.

"Satelinx has a great future," Ireland states, "and Sam is not only the original CEO of Satelinx but has the experience and everything under control to continue with the reorganization and success of Satelinx."

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, including forecasts of market growth, future revenue, benefits of the proposed merger, and expectations that the merger will be accretive to Satelinx results and other matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: difficulties encountered in integrating merged businesses; uncertainties as to the timing of the merger; approval of the transaction by the stockholders of the companies; the satisfaction of closing conditions to the transaction, including the receipt of regulatory approvals; whether certain market segments grow as anticipated; the competitive environment in the software industry and competitive responses to the proposed merger; and whether the companies can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Satelinx and VIRTUAL WAVE INC. undertake no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.

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