Datacom Wireless Corporation

Datacom Wireless Corporation

November 28, 2007 15:38 ET

Datacom Announces Third Quarter 2007 Financial Results

LAVAL, QUEBEC--(Marketwire - Nov. 28, 2007) -

To the attention of Business and Financial Editors

Datacom Wireless Corporation ("Datacom" or "the Company")(TSX VENTURE:DAT), a Canadian leader in the design, development and marketing of mission critical vehicle fleet management and theft prevention and recovery solutions today announced its financial results for the three-month and nine-month period ended September 30, 2007.

Third Quarter Growth Highlights:

- 15,000th Mobiguard unit installed;
- During the quarter, the Company added:
- 22 new Mobicom commercial clients;
- 252 Mobicom units were sold
- 667 new Mobilus consumer clients;
- 2,668 new Mobiguard consumer clients;
- 242 new Vigil GPS consumer market units;
- On August 31, 2007, the Company concluded its acquisition of Vigil
Locating Systems Technologies Inc. (Vigil GPS) and did so at the price
and on the date originally planned. The integration efforts are ahead
of plan and we expect synergies to be realized while we also seize on
business growth opportunities. Further, the acquisition has provided
Datacom with an impressive client base in its commercial and consumer
markets, a high-end GPS technological platform and remote surveillance
software which outperforms the competition in the tracking and theft
prevention field.

For the three-month period ended September 30, 2007, the Company recorded revenue of $2.13 million compared to $1.97 million during the same period last year, which represents an 8.1% increase in revenues from 2006 third quarter figures.

For the nine-month period ended September 30, 2007, the Company reported revenues of $5.8 million versus $5.3 million during the same period last year. The revenues benefited from the growth in the customer base that is generating recurring revenues.

For the three-month period ended September 2007, the Company's recurring revenues continued to grow from the installed client base and increased by 24.2% year-over-year from $0.71 million in the third quarter of 2006 to $0.94 million for the same period in 2007. Recurring revenues represent 42.5% of total revenue to date in 2007 compared to 38.2% of total revenue generated in Q3 of fiscal 2006.

As at September 30, 2007 there were 28,230,733 shares outstanding compared to 900,000 a year ago.

The Company's financial position as at September 30, 2007 is healthy. Datacom had cash and cash equivalents of $7.27 million, compared to $0.615 million a year ago.

"We are pleased with the continuous growth of our recurring revenue stream," noted Pierre Collins, President and CEO of Datacom. "Following the success of our first acquisition, we will continue to seek business development through accretive acquisitions and organic growth. We plan to enhance our product offering, expand our customer base and geographic coverage, that will result in increased revenues and earnings in the periods to come."

About Datacom Wireless Corporation:

Founded in 1999, Datacom has grown to become one of the Canadian leaders in the design, development and marketing of mission critical vehicle fleet management and theft prevention and recovery solutions. Its products and services use wireless communications and satellite-based tracking technologies (GPS) and a state-of-the-art ASP information portal.

Datacom offers a portfolio of products and services for both commercial and consumer markets. Mobicom™ solutions enable fleet managers to view and track, 24-7 and in real-time, their vehicles on a virtual map in addition to generating valuable internal reporting data. Mobilus™ is a theft deterrent, detection and stolen vehicle recovery system that permits real-time tracking and recovery. Based on the Internet, this system enables the users to track their vehicles at all times. Mobiguard™ is a stand-alone wireless immobilizer for theft prevention and possesses a revolutionary technology that immobilizes a vehicle by disabling the starter circuit when a remote is not activated at the moment of ignition. For further information, visit

Forward-Looking Statements:

This press release includes certain statements that may be deemed "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", and other similar words, or statements that certain events or conditions "may" or "will" occur. All statements in this release, other than statements of historical facts, that address future events or developments that the Company expects or anticipates, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices and general economic, market or business conditions. There can be no assurance that forward-looking statements will prove to be accurate, as results and future events could differ materially from those anticipated statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

All trademarks and brands mentioned in this release are the property of their respective owners.

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