LONGUEUIL, Quebec, Dec. 5 /CNW/ -- Effective Control Transport Inc. (Pink
Sheets: EFFC) (www.econtroltransport.com) announced today the formal name and
symbol change of the company. The company will now trade under the symbol
EFFC "This is a huge step forward in our strategy to become fully reporting
and uplisting to a higher exchange" stated Raphael Huppe, CEO.
The FOLO CRAM (Cognitive Resources Availability Manager) offers effective
real time monitoring of a driver's state of awareness, including fatigue.
Thus, offering drivers and fleet managers capabilities of ensuring timely
preventive actions which in turn will prevent accidents and save lives. ECT
specializes in high security monitoring, tracking and telemetry systems, and
provides fully integrated fleet management solutions for the transportation
industry. The research department work right now on the second version of
FOLO CRAM which will include the detection of drug and alcohol. This version
will be available in April 2008.
It is estimated today that the number of vehicles in operation around the
world is close to 1 billion. Approximately 1 in 4 is not a passenger vehicle,
therefore is mainly used for commercial freight or public transportation.
Data from the National Highway Traffic Safety Administration (NHTSA)
reveal that driver drowsiness or fatigue have accounted for 56,000 crashes
every year. About 40,000 injuries and 1,550 deaths are attributed to these
"We believe there will be a huge number of accidents prevented and lives
saved once there is widespread deployment of our revolutionary product, the
FOLO CRAM," said Raphael Huppe.
ECT has met with and presented to Transport Canada as well as Societe
d'Assurance Automobile du Quebec (SAAQ). We have also met with the US
Department of Transportation (DOT) who has shown a high interest in our FOLO
CRAM technology. These government bodies have been working in the direction
of finding tools and methods to improve road security and spend billions of
dollars yearly to address and improve security issues on the roads. These
initiatives have helped save thousands of lives every year, and it is our
intention to actively support them in their mission to saves lives.
We are currently collaborating with several insurance companies to
mandate our technology and are now entering the demonstration and validation
ECT is an information technology firm that has developed fully integrated
solutions for trucking and fleet management along with the highest level of
technical expertise which enables it to service a wide range of customers,
providing tailored solutions.
All statements in this news release that are other than statements of
historical facts are forward-looking statements, which contain our current
expectations about our future results. Forward-looking statements involve
numerous risks and uncertainties. We have attempted to identify any forward-
looking statements by using words such as "anticipates," "believes," "could,"
"expects," "intends," "may," "should" and other similar expressions. Although
we believe that the expectations reflected in all of our forward-looking
statements are reasonable, we can give no assurance that such expectations
will prove to be correct.
A number of factors may affect our future results and may cause those
results to differ materially from those indicated in any forward-looking
statements made by us or on our behalf. Such factors include our limited
operating history; our need for significant capital to finance internal growth
as well as strategic acquisitions; our ability to attract and retain key
employees and strategic partners; our ability to achieve and maintain
profitability; fluctuations in the trading price and volume of our stock;
competition from other providers of similar products and services; and other
unanticipated future events and conditions.
For further information:
For further information: Raphael Huppe, CEO, Effective Control Transport
Inc., +1-514-940-7587, email@example.com Web Site: