Minorplanet Systems USA, Inc., a provider of telematics-based, fleet management solutions for commercial fleets, reported August 14 that total revenues for the 2002 second quarter ended June 30 were in line with expectations at $15.6 million, compared with $17.2 million for the 2001 second quarter ended June 30. Minorplanet reported a 59.6 percent decrease in net loss for the 2002 second quarter to $3.5 million ($0.07 per share on 48.3 million shares), compared to a net loss of $8.7 million ($0.88 per share on 9.8 million shares) for the 2001 second quarter, before an extraordinary gain of $59.5 million ($6.03 per share on 9.8 million shares) arising from early extinguishment of $80 million of the company's Senior Note debt. For the first six months of 2002, total revenues were $30.6 million, compared with $39.6 million for the first six months of 2001. Minorplanet reported a 44.4 percent decrease in net loss for the 2002 six months to $7.9 million ($0.16 per share on 48.2 million shares), compared to a net loss of $14.3 million ($1.91 per share on 7.5 million shares) for the 2001 six months, before an extraordinary gain of $59.5 million ($7.96 per share on 7.5 million shares) arising from early extinguishment of $80 million of the company's Senior Note debt. About Minorplanet Systems USA, Inc. Minorplanet Systems USA, Inc. (minorplanetusa.com) markets, sells and supports Vehicle Management Information(VMI), a fleet management solution that, according to the company, contributes to higher customer revenues and improved operator efficiency. VMI combines global positioning system (GPS) and wireless vehicle telematics technologies to monitor vehicles, minute by minute, in real time. The company also markets, sells and supports a customized GPS-based fleet management solution for large fleets like SBC Communications, which has more than 37,000 installed vehicles. Headquartered in Richardson, Texas, Minorplanet currently has a market presence in the Dallas/Fort Worth, Houston, Atlanta, Los Angeles and Austin, Texas, markets, with plans for other metro markets in the future.