VANCOUVER, BRITISH COLUMBIA -- 01/23/08 --
WebTech Wireless Inc. (TSX: WEW), a provider of location-based and fleet Telematics services, announced today that it has been advised by a major potential customer that a project involving the purchase of several thousand WebTech Locator Series, a family of feature-rich GPS tracking devices, has received final financial approval.
"WebTech Wireless has been advised by a potential significant customer that a project involving the purchase of more than 5,000 WebTech Locators has received final financial approval," states Anwar Sukkarie, President and Chief Executive Officer of WebTech Wireless. "The rollout of the project remains subject to the successful conclusion of a software license and completion of the project plan. We expect to make further announcements regarding this agreement in the coming weeks. We appreciate the continued patience of our investors and look forward to disclosing more details about this opportunity as soon as we are able to."
About WebTech Wireless Inc.
WebTech Wireless Inc. (TSX: WEW) is a global Telematics, location-based services provider that develops, manufactures, and delivers turnkey wireless solutions designed to improve productivity and profitability. WebTech Wireless products include wireless hardware and software services running on cellular and satellite networks, and include Automatic Vehicle Location, Mapping, Reporting, Vehicle Diagnostics, Driver Status, In-vehicle Telemetry, Messaging, In-vehicle Navigation, and wireless application and Internet connectivity. WebTech Wireless is currently providing devices and services worldwide in eight languages to over forty-one countries covering five continents. WebTech Wireless' scalable solutions are used by a broad range of small, medium and Fortune 500 companies and by governments. For more information, please visit www.webtechwireless.com.
Forward Looking Statements
This press release contains forward-looking statements involving risks and uncertainties pertaining to, but not limited to product plans, timing, content, and pricing of products, market and industry expectations, the wireless communications industry, the mobile fleet industry, and general economic and political conditions. Given the risks and uncertainties inherent in the markets and industries referred to in this press release, WebTech Wireless cannot guarantee that any forward looking statements will be realized.
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Contacts:
WebTech Wireless Inc.
Georgia Pantazis
Press / Media Contact
(604) 419-8137
Email: press@webtechwireless.com
WebTech Wireless Inc.
R. Joe Dhami
Investor Relations Contact
1-877-811-4518 ext. 236
Email: ir@webtechwireless.com
Website: www.webtechwireless.com
