FUTREX^®
Corporate
News

June 2004

The Company's business strategy is based upon the conviction that the most effective means to maximize the worldwide success of its promising System 21 transit technology is through a series of strategic joint ventures. FUTREX intends to create an alliance in each promising international market with one or more strategic partners which have the expertise, resources, and relationships to effectively market System 21, win contracts, and finance and construct System 21 installations. FUTREX is already pursuing these international relationships in selected markets, and has established a joint venture with First Asia Transit Partners Ltd. (FAST), a group of experienced and successful entrepreneurs in Asia. FAST has been granted the exclusive rights to market and sell System 21 in Asia where significant demand for the technology has already been demonstrated. FAST is leading the effort to develop projects in Asia through agreements with strategic firms in specific countries. While the Company is focusing on Asia, contacts in other promising international markets are also being developed.

FUTREX is working with its joint venture partners, Project Team , and government leaders to finalize the location of its first full-scale installation. Several different projects at various locations have been under evaluation. These include several transit/airport applications in the U.S. and abroad as well as the previously envisioned Charleston Monobeam Project. Each project is unique in its scope, requirements, and funding, and each is at a different stage of the evaluation process. Final project proposals and contractual arrangements for a System 21 installation in Asia have been submitted and are awaiting govermental approvals.

Visit this page for continuing news and project updates. Selected past articles may be found in the media archives.