CALGARY, Alberta - (BUSINESS WIRE) - June 25, 2001 - Remote Utilities Network, Inc. (OTCBB: RMUN) The Board of Directors is pleased to announce that Remote has signed a formal 3 (three) year contract (with an additional 3 year extension) with TELUS Communications Inc. (Canada's second largest telecommunications company). As per the terms of the contract, TELUS will be responsible 24 hours/day 365 days/year for the surveillance, monitoring, and dispatch of security resources in regards to the Autoeye Multi-vehicle Surveillance System that Remote intends to have in place initially with various auto dealerships throughout the United States and Canada. Included in this contract, TELUS can also be called upon to perform System Turn-Up and Commissioning, System Maintenance and Software Development on an as requested/ national basis where TELUS resources are available. Negotiations are ongoing regarding Remote utilizing TELUS sales personnel on a national basis for the purpose of selling (on a commission basis) the "Autoeye" system.
Remote Utilities Network is a Calgary, Alberta-based, publicly traded company currently in the process of assembling the capital, management resources, and marketing rights required to establish itself as a supplier of security systems for wireless multi-vehicle surveillance of motor vehicles. In June 1999, the Company acquired, through a license agreement with Autoeye, Inc., the use of the trademarks, trade names, insignia and other indicia for the technology known as the Autoeye Multi Vehicle Surveillance System. Please visit the Company's website at www.runcorp.com for further information.
In conjunction with the provisions of the Safe Harbor section of the Private Securities Litigation Reform Act of 1995, this news release may contain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectation. Further information on potential factors that could affect Remote Utilities Network, Inc. is included in the Company’s filings with the Securities and Exchange Commission.
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