Canada’s Cell-Loc Hits the Skids
The company, officially, Cell-Loc Location Technologies Inc. of Calgary, was founded in 1995 to break into the E-911 business. It’s now in the wireless fleet tracking business. But, with 2008 funds of just $900,000 from private placements that still need to be paid back, losses for a few year, a deal with Samsung going south, and the company announcing layoffs of six employees, things don’t look good. Without something big happening, it may not be a going concern for long.
by Adena Schutzberg on 03/15 at 06:00 AM |
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