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 ATLANTA GA, April 08, 2003 – PlanetLink Communications Inc., (OTCBB: PLKC), a provider of satellite-based products and services announced today that revenues for the year ended December 31, 2002 increased 78 percent to $1,026,256 compared to revenues of $574,079 for 2001.  The increase in revenue is primarily attributable to accelerated sales of EchoStar DISH Network satellite TV systems at PlanetLink's retail locations.


"Sales in our retail stores remained strong during 2002, despite a difficult economic environment," said M. Dewey Bain, president of PlanetLink Communications. "We expect this trend to continue during 2003 as we execute our plan to open 6 to 12 new PlanetLink stores including retail kiosks in Metro-Atlanta and in other rapidly-growing Southeastern markets. We are looking to achieve additional sales growth through the national launch of our retail store franchise program later this year."

Gross profit margin improved from 19.68 percent in 2001 to 34.74 percent in 2002.  While operating expenses for the year ended December 31, 2002 increased to $1,599,567 compared to $551,578 in 2001, the investment made in establishing the existing operating infrastructure is expected to allow for continued revenue increases without further increasing operating expenses.  As a result, operating expenses are expected to decrease as a percentage of revenue in future periods.

PlanetLink reported a loss from operations of $1,243,036 for the year ended December 31, 2002 versus a loss from operations of $438,613 for the prior year.  The loss from operations is mainly attributable to increased costs associated with expanding PlanetLink’s network of retail locations.  Net loss for the year ended December 31, 2002 was $1,267,871 or $0.29 per share compared to a net loss of $323,557 or $.07 per share in 2001.

PlanetLink has established three primary business segments based on satellite-enabled technology.  Providing both products and services to the consumer, PlanetLink businesses include: Dish Network (satellite television), Starband (High Speed Internet) and Global Positioning System (GPS) personal tracking devices.

Satellite-enabled technology, including GPS technology, is at the core of some of the most innovative new products on the horizon.  PlanetLink has developed a retailing strategy to position itself as a leader in that segment beginning with its retail outlets in the Metro-Atlanta area and its expansion plans intended to double the number of company-owned stores in that area.  PlanetLink also plans to launch an aggressive franchise program this year designed to increase its name recognition and brand equity as it begins its nationwide expansion.

PlanetLink expects retail launch of its revolutionary GPS product-line under the trade name PlaneTrak during 2003. Using PlaneTrak, consumers will be able to log onto the Internet and immediately pinpoint the location of an automobile or person equipped with its device, such as a child, a hiker or an elderly person.  PlaneTrak products will be leased on a monthly-service and usage-charge basis alleviating consumer concerns about technology changes and upgrades.

 PlanetLink’s PlaneTrak GPS-related products will include: 

·         Kidangel:    A personal tracking system to help parents locate a child within minutes

·         Parentrak:   Designed to permit users to track the location of aging adults/parents

·         Autotrak:    Will enable parents and others to know the speed at which their children are driving and the location of their vehicle. This product can also be used to track the location of commercial fleet vehicles used by transportation and delivery companies and a variety of other businesses

·         Guardian:    Designed as a security device for business executives and others

·         Protector:    This location device is designed to deliver a panic signal, identify the location, and includes a 2-way audio signal that can be remotely monitored 

Safe Harbor Statement

The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis” or “Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request.