Trimax Subsidiary Multi-Source Inc. Receives Outline for 1st Phase of South American Deployment & Proceeds to Final Stage in Securing $100M Contract

Thursday June 15, 8:00 am ET

TORONTO--(MARKET WIRE)--Jun 15, 2006 -- Trimax Corporation (OTC BB:TMXO.OB - News), a leading provider of Broadband over PowerLine (BPL) communication technologies, announced today that its recently acquired subsidiary Multi-Source Inc. ("MSI"), an international BPL systems integrator, received complete infrastructure details of its projected phase one deployment from a State owned Utility in South America.

The initial phase incorporates MSI's Measurement's Canada approved integrated Automatic Meter Reading (AMR) solution that utilizes MSI's Powerline communications technology. Three separate contracts are being negotiated with government owned Utilities for services including AMR. After formal presentation to the federal governing body, the Utility received approval to proceed with regard to the finalization of contracts. According to MSI Directors based in South America, due process is only a few weeks away and once contracts are secured, Trimax/MSI are confident that roll out will be swift and revenues are expected to commence within 90 days.

Based on the market and the Scope of Work being negotiated, the Automatic Meter Reading contracts and Energy Savings will represent estimated revenues in excess of $100 million as well as additional recurring annual revenue for the services components. The company will also realize annual recurring revenues from value added services. These South American initiatives will serve as a model for utilities in other countries, including North America, to reference.

Mike Spasov, Chief Operating Officer of MSI stated, "We are excited about recent developments in our contract negotiations. The final agreements are now very close to being signed. This deployment will enable us to confidently demonstrate our solutions on a large scale to the utilities and communication firms from around the world that we have been in discussions with."

Other developments in South America include MSI's joint venture plan to develop a 5-year BPL initiative that will deploy triple-play Video, Voice and Data over the utilities electrical infrastructure. The utility will be providing Regulatory, Engineering, Legal, and Marketing resources while MSI will be providing Technology, Operations and Network Management.

Broadband over Powerline technology has been receiving increased recognition from emerging markets as the technology can deliver required services with superior performance without the expense of new infrastructure costs such as cabling. Broadband over Powerlines continues to experience substantial growth and recognition worldwide. Trimax/MSI looks forward to delivering its low-cost, high-bandwidth triple-play solutions to underserved and emerging markets.

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