DDS Wireless International Inc.

DDS Wireless International Inc.

August 06, 2008 08:00 ET

DDS Wireless Continues Geographic Market Expansion

Company will Announce 2008 First Quarter Results on August 13, 2008

RICHMOND, BRITISH COLUMBIA--(Marketwire - Aug. 6, 2008) - DDS Wireless International Inc.'s (TSX:DD) taxi business unit Digital Dispatch continues its momentum of geographic market expansion with several new wins in Finland, India and U.S.A. These contracts are worth over $2.5 million in total.

Taksi Saimaa Oy and Imatran Taksi of Finland have signed new long-term contracts for the Internet Dispatching service TaxiBook™. Both these companies are existing customers whose contracts had recently expired and have renewed their agreements for next 5 years. TaxiBook is Digital Dispatch's bundled subscription service for taxi dispatch over the Web which has been highly successful in many parts of Europe for the past several years. The Company also won a new order for 255 Vector 530™ mobile data terminals from ORIX Auto Infrastructure Services Limited (OAIS) of Mumbai, India. This is part of OAIS plan to purchase up to 2,000 Vector 530™ mobile data terminals (MDTs) to equip its multiple fleets with a custom made fleet management solution.

Digital Dispatch's existing customer AAA Full Transportation of Phoenix, Arizona, has also placed orders for additional Vector 530 MDTs as part of its upgrade plan for its 600-vehicle fleet.

2008 Second Quarter Earnings Release

DDS Wireless will announce its 2008 second quarter financial results on August 13, 2008. The financial statements and MD&A will be available on the Company's web site and on SEDAR at that time. The Company will also host a conference call at 5:00 PM EST (2:00 PM PST) on the same day to discuss the financial results. Please call 416-641-6142 or 1-866-300-7687 to participate in the call. A replay of this conference call will be available until August 21, 2008, by dialing 416-695-5800 or 1-800-408-3053 and entering access code 3260464.

Forward-Looking Statements

This press release contains statements which, to the extent that they are not recitations of historical fact, may constitute forward-looking information. Such forward-looking statements may include financial and other projections as well as statements regarding the Company's future plans, market opportunities, objectives, performance, revenues, growth, profits, operating expenses or the Company's underlying assumptions. Factors that could cause actual events or results to differ materially from those suggested by these forward-looking statements include, but are not limited to: the need to develop, integrate and deploy applications to meet our customer's requirements; the possibility of development or deployment difficulties or delays; the dependence on our customer's satisfaction with DDS Wireless' products; the timing of entering into significant contracts; our customers' continued commitment to the deployment of our solutions; the risks involved in developing integrated software and hardware solutions and integrating them with third-party communication and other services; the performance of the global economy and growth in software industry sales; market acceptance of the company's products and services; customer and industry analyst perception of the company and its technology vision and future prospects; the success of certain business combinations engaged in by the Company or by competitors; political unrest or acts of war; possible disruptive effects of organizational or personnel changes; technological change, new products and standards; risks related to acquisitions and international expansion; reliance on large customers; concentration of sales; international operations and sales; management of growth and expansion; dependence upon key personnel and hiring; reliance on a limited number of suppliers; industry growth; competition; intellectual property; product defects and product liability; currency exchange rate risk; concentration of ownership; and including but not limited to other factors described in DDS Wireless' reports filed on Sedar, including its Annual Information Form and financial report for the year ended December 31, 2007.
In drawing a conclusion or making a forecast or projection set out in the forward-looking information, the Company takes into account the following material factors and assumptions in addition to the above factors the Company's ability to execute on its business plan; the acceptance of the Company's products and services by its customers; the timing of execution of outstanding or potential customer contracts by the Company; the sales opportunities available to the Company; the Company's subjective assessment of the likelihood of success of a sales lead or opportunity; the Company's historic ability to generate sales leads or opportunities; and that sales will be completed at or above the Company's estimated margins. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. All forward-looking statements made in this press release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by the Company will be realized. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

About Taksi Saimaa Oy

Taxi driving in Lappeenranta has been organized since 1967 when local taxidrivers formed a society. In 1993 the society became a taxi company named Taksi Saimaa Oy. The Company is a Co-operative Society, which means the drivers are the owners, so it is in their best interest to provide a quality service. Taksi Saimaa has 79 cars in its fleet.

About ORIX Auto Infrastructure Services Limited

ORIX Auto Infrastructure Services Limited, a joint venture between ORIX Corporation, Japan, and Infrastructure Leasing and Financial Services Ltd. (IL&FS), India, specializes in devising solutions that are best in terms of auto infrastructure innovation and financial feasibility. IL&FS, initially promoted by the Central Bank of India (CBI), Housing Development Finance Corporation Limited (HDFC) and Unit Trust of India (UTI), now has a broad shareholding with induction of State Bank of India, Life Insurance Corporation of India, ORIX Corporation - Japan, HSBC Group, Government of Singapore and others. A leading participant in the Indian financial services sector, IL&FS operates across a wide array of business areas focusing on the commercialization and development of infrastructure projects in India through creation of value-added financial services. ORIX Corporation is an integrated financial service group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers. With operations in 23 countries, its activities include Leasing, Corporate Finance, Real Estate-Related Finance and Development, Life Insurance and Investment & Retail Banking. It has an asset base of US$56 billion with its equities listed on the New York, Tokyo, Nagoya and Osaka Stock/Securities Exchanges.

About DDS Wireless International Inc.

DDS Wireless International Inc. is a global leader in providing application software for multiple vertical markets within the transportation industry. The Company specializes in transit routing and scheduling, real-time dispatching, vehicle location and tracking software applications, communications infrastructure as well as in-vehicle wireless devices. DDS Wireless operates four businesses dedicated for Transit, Taxi, Limousines and Work Truck, and Wireless Devices and Communication Infrastructure. The Company supports its customers worldwide through its offices in Canada, Finland, Singapore, Sweden, U.K. and U.S.A.

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