stock ticker: CTRX

Concentrax is Committing Fraud On Marketplace. Last One Out Is A Rotten Egg.

FRAUD FRAUD FRAUD FRAUD FRAUD FRAUD

On October 31, 2002, Concentrax Inc. (“Concentrax”) (OTC Bulletin Board symbol: CTRX - News), a provider of vehicle monitoring services and technologies, announced in a press release that they completed an agreement to sell its flagship Track-Down product to “One of the World’s Largest Construction Companies.” http://biz.yahoo.com/prnews/021031/nyth059_1.html

The construction company the release was referring to is Kellogg, Brown and Root (KB&R Construction and Equipment) Land Equipment Division (“KBR”), a division of Halliburton (NYSE: HAL).

Stocklemon has discovered that this release is a total lie because there is no agreement that exists between Concentrax and KBR. Therefore, it is our belief that Concentrax is guilty of a serious 10B5 Violation of fraud on the marketplace.

KBR has never signed an agreement with Concentrax nor have they ever made a purchase from Concentrax. In fact, the press release dated October 31, 2002, was released without the knowing of KBR. Moreover, the legal department at KBR has informed Stocklemon that they are taking the appropriate actions in this matter.

In addition, the KBR legal department told us that Concentrax was simply given the opportunity to give KBR a presentation about their Track-Down product, even though KBR already works with another auto tracking company. After Concentrax made their presentation, KBR never heard from Concentrax again. No contract and/or agreement was ever signed, contemplated or discussed according to the KBR legal department. Therefore, Stocklemon believes that Concentrax intentionally committed fraud by putting out a press release without the knowledge of KBR or Halliburton and more importantly, without an agreement.

On October 23, Concetnrax announced that they have signed an agreement with Payless Car Rental to provide Track Down Units to the rental car agency. http://biz.yahoo.com/prnews/021023/daw020_1.html
This is a lie. Stocklemon has spoken with Payless Car Rental and the gentleman quoted in the press release Clint Moebes, Mr. Moebes has told us that no such agreement exists and Concentrax is being contacted by their legal department.

Concentrax uses fake press releases.

You might have been taken aback by the harsh language used by Stocklemon in this report, which is atypical of our style. However, we feel that in this instance such language is merited because of the serious nature of this alleged violation by Concentrax. Halliburton is one of the nation’s most respected oil companies. Halliburton’s former CEO is the current Vice President of the United States, Dick Cheney.

Interestingly, Concentrax is based out of Houston, Texas. The City of Houston has had a difficult year with SEC Regulation (i.e., the Enron Scandal). It is the belief of Stocklemon that Concentrax stock will get halted by the SEC for further investigation. It is the belief of Stocklemon that the October 31, 2002 Concentrax press release has showed that Concentrax is guilty of putting the price of their stock above honesty and integrity of the public markets.

Last time Stocklemon released a report on Concentrax, its lawyers contacted us and threatened legal action. This time its lawyers will be too busy fighting the SEC. Last month the SEC halted shares of Nationwide Capital out of Houston (NCCN), due to questions about statements made on their website and through press releases. NCCN stock went from $4 to $.0001. We believe that Concentrax is next.