Elite Logistics Inc., a leader in the convergence of the Internet and wireless technologies for the tracking and management of vehicles, has announced that its latest private placement offering has resulted in an investment of $1,000,000 in the company. "We are very pleased for the continued support of the investment community," said Joe Smith, president of Elite Logistics. "The company appreciates the vote of confidence that this new funding represents at a time when we are ramping up the distribution and marketing of our PageTrack(TM) family of Intelligent Vehicle Systems." According to Smith, the company plans to introduce additional product lines in the coming year. "Our plans include the introduction of software packages that will increase the functionality and speed of our systems along with the expansion of our PageTrack(TM) product line to address specific information requirements of the fleet industry," Smith said. "Already this quarter we have set new sales records for the company. With the introduction of these new products we expect to continue our record setting pace for the rest of the quarter and carry over this explosive growth into 2001." About Elite Logistics Inc. Elite Logistics Inc. is the parent company of Elite Logistics Services Inc., its wholly-owned operating subsidiary, based in Freeport, Texas. Elite Logistics Services Inc. is best known for its patent pending PageTrack(TM) family of Intelligent Asset Management Systems that integrates global positioning systems with two-way wireless telemetry technology to provide Internet-enabled tracking and control of vehicles and all other assets. The company addresses the logistics needs of fleet managers and the security needs of private vehicle owners. The PageTrack(TM) family of Intelligent Asset Management Systems is distributed within the United States through a network of distributors and dealers. For more information, visit www.elitelog.com.