Grey Island Systems International Inc.
TSX VENTURE : GIS

Grey Island Systems International Inc.

August 10, 2009 08:00 ET

Grey Island's NextBus Announces $7.9M Software and Equipment Maintenance Service Agreement with San Francisco

TORONTO, ONTARIO--(Marketwire - Aug. 10, 2009) - Grey Island Systems International Inc. (TSX VENTURE:GIS) announced that the San Francisco Municipal Transportation Agency (SFMTA) Board of Directors approved an agreement for Software and Equipment Maintenance Services for an Automatic Vehicle Location System, with NextBus for a total amount of US$7.9M for a two-year period and a two year optional period.

The SFMTA's Muni is one of America's oldest public transit agencies and the seventh largest system in the United States. It currently carries more than 200 million riders annually. Operating historic streetcars, modern light rail vehicles, diesel buses, alternative fuel vehicles, electric trolley coaches and the world famous cable cars, Muni's fleet is among the most diverse in the world.

"In addition to being one of the oldest and largest Transit Agencies, SFMTA is North America's leading public transit agency featuring innovative, fleet-wide Real-Time Passenger Information" noted Lillian Chan, COO of NextBus, Inc. "We are pleased to extend the NextBus service for the next 4 years to all SFMTA riders" said John Eaton, Chief Financial Officer of NextBus.

The NextBus implementation in San Francisco encompasses all vehicle types (approximately 1200), a 511 interactive voice response system, web-site access, PDA access, and Kiosk and Electronic Display Signs (approximately 500) at locations throughout San Francisco.

"Transit rider-ship and transit funding for technologies that improve the efficiency and effectiveness of public transit are on the rise" said Owen Moore, President Grey Island "as a result, we continue to see strong demand and growth prospects for our NextBus service in North America and beyond".

About Grey Island

Grey Island Systems International Inc., together with its subsidiaries NextBus, Inc. in Alameda, California, InterFleet, Inc. in New York City, New York is a leading provider of custom real-time GPS/AVL, security and Telematics solutions as well as real-time passenger information systems to government and related fleets. To find out more about our products and services, visit our websites at www.interfleet.com or www.nextbus.com.

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