DDS Wireless International Inc.

DDS Wireless International Inc.

May 29, 2009 08:00 ET

DDS Wireless International Inc.: eFleet Growth Continues in All Target Markets in 2009

Results of Annual Meeting

RICHMOND, BRITISH COLUMBIA--(Marketwire - May 29, 2009) - DDS Wireless International Inc.'s (TSX:DD) dispatch fleet management unit, DDS eFleet Services Inc. continues its growth in 2009 in its target markets.

DDS eFleet Services has signed subscription contracts with several additional limousine fleet operators this year resulting in continued growth and penetration into the limousine market. Bauer's Intelligent Transportation of San Francisco, CA subscribed to eFleet for its Wi-Drive, luxury commuting service. eFleet provides the web-based reservations system and loyalty card program for passengers, as well as the complete dispatching solution for fleet managers. 360 Limo of Dallas, TX subscribed to eFleet recently for its dispatch fleet management system. eFleet helps 360 Limo achieve its objectives of being innovative, personal, reliable, flexible, and wonderful.

In the waste management industry, eFleet has added three new Franchise Partners of 1-800-GOT-JUNK as subscribers this year, as well as increased the number of subscriptions for two existing Franchise Partners as their fleets grow. This brings the penetration of eFleet in the 1-800-GOT-JUNK fleet to about 25%.

In the work fleets market, eFleet has signed a subscription contract with a delivery service in southern Ontario. eFleet will be providing the complete job booking, dispatch, fleet tracking, and payment processing systems, including an e-commerce portal where customers can place and pay for delivery orders on line.

Annual Meeting Voting Results

DDS Wireless held its Annual Meeting of Shareholders on May 28, 2009. At the meeting, all resolutions presented to the meeting as set out in the Management Information Circular to shareholders were passed. These included the appointment of Vari Ghai, Erik Dysthe, Daniel Daviau, Mark Joseph and Sal Visca as directors of the Company. Price Waterhouse Coopers LLP were appointed as the new auditors.

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, 2008.
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 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.

The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release.

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