Digital Dispatch Systems Inc.

Digital Dispatch Systems Inc.

October 09, 2007 08:00 ET

Digital Dispatch Closes Mobisoft Acquisition

RICHMOND, BRITISH COLUMBIA--(Marketwire - Oct. 9, 2007) - Digital Dispatch Systems Inc. ("Digital Dispatch") (TSX:DD), a leading provider of mobile data solutions, announced today that the acquisition of all of the shares of Mobisoft Oy ("Mobisoft") was executed and closed on Monday October 8th and the transaction is effective October 1st 2007. The acquisition was done through the Company's UK subsidiary. The consideration remained unchanged from what was disclosed previously in the press release dated October 1st 2007.

A total of 1,280,000 Digital Dispatch shares were issued as part of this transaction and these are subject to a 4 month hold period. After issuing these shares, Digital Dispatch has a total of 13,143,201 shares issued and outstanding.

In addition, the Company has, from its existing Employee Stock Option Plan, issued 200,000 stock options, vesting over a period of three years with an exercise price of CDN $3.00, to the employees of Mobisoft to purchase Digital Dispatch common shares from treasury.

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. 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 successful integration of Mobisoft as per the Company's strategic diversification plan referred to in the Company's press release dated October 2, 2007 and other factors described in Digital Dispatch's reports filed on Sedar, including its Annual Information Form and financial report for the year ended December 31, 2006. 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 including acquisitions and business combinations; 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 Mobisoft Oy

Mobisoft is an International Finnish software company specializing in automated dispatching and wireless data transfer applications for passenger transport. Mobisoft's main products are TaxiBook taxi dispatching system and MobiRouter the Demand Responsive Transport System. Mobisoft's special expertise is to provide turn-key solutions to customers by using ASP business model. Mobisoft's offices are in Tampere, Finland and Oxford, UK. Mobisoft has delivered systems to Finland, UK, Ireland, Denmark and Hungary. Visit for more information.

About Digital Dispatch Systems Inc.

Digital Dispatch Systems Inc. is a worldwide provider of mobile data solutions for fleet and mobile workforce management. Founded in 1987, we have an installed base of 75,000 wireless mobile data devices and nearly 200 wireless data systems in four continents. We offer products and services to manage vehicle fleets and mobile workforces, including dispatch software, wireless communication infrastructure and a range of in-vehicle mobile devices. Visit for more information.

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