WebTech Wireless Inc.

WebTech Wireless Inc.
Grey Island Systems International Inc.

Grey Island Systems International Inc.

October 15, 2009 17:04 ET

WebTech Wireless and Grey Island International Announce Shareholder Approval of Arrangement

VANCOUVER, BRITISH COLUMBIA--(Marketwire – Oct. 15, 2009) – WebTech Wireless Inc. (TSX:WEW) ("WebTech") and Grey Island Systems International Inc. (TSX VENTURE:GIS) ("Grey Island") announce that Grey Island has today received shareholder approval with respect to an arrangement under the Business Corporations Act (Alberta) involving Grey Island and WebTech, pursuant to which WebTech will acquire all of the outstanding common shares of Grey Island, pursuant to an arrangement agreement made as of August 6, 2009, as amended on September 2, 2009, between Grey Island and WebTech.

Grey Island shareholders representing approximately 55% of the total shares outstanding voted 90% in favour of the Arrangement.

Said Owen Moore, President of Grey Island, "The overwhelmingly positive vote to approve this transaction is heartening, and we thank all of Grey Island's shareholders for their support and confidence in our management team and staff in the past, and hope that they continue as shareholders as we continue to build value with our WebTech colleagues."

Anwar Sukkarie, WebTech CEO stated, "With the formalities now nearly completed, we look forward to a long and successful relationship with the Grey Island founders, staff, customers and shareholders as we take advantage of our combined opportunities in North America and abroad."

Subject to court approval, the parties intend to close the transaction on October 26, 2009.

About WebTech Wireless Inc.

WebTech Wireless Inc. (TSX:WEW) is a global telematics and location-based services provider that develops, manufactures and delivers end-to-end wireless solutions designed to improve the productivity, profitability and safety of vehicle fleets. WebTech Wireless products and services run on GPS and cellular networks and provide Automatic Vehicle Location, Mapping, Reporting, Vehicle Diagnostics, Driver Status, In-vehicle Telemetry and Navigation and Messaging. The Company delivers products and services in over forty-one countries to a variety of small, medium and Fortune 500 companies, with a particular focus on the transport, service delivery, government and automotive markets. For more information, please visit www.webtechwireless.com.

About Grey Island Systems International Inc.

Grey Island Systems International Inc. (TSX VENTURE:GIS), through its subsidiaries NextBus Inc. in Alameda, California, InterFleet, Inc. in New York, New York and Grey Island Systems in Toronto, Canada, 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.

Forward-looking Statements

This press release contains "forward-looking statements" within the meaning of applicable Canadian and United States securities laws. Generally, forward-looking statements can be identified by the use of the forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Assumptions upon which such forward-looking statements are based include that WebTech Wireless and Grey Island will be able to satisfy the conditions in the definitive agreement, that no materially adverse facts or circumstances will be identified, that the required approvals will be obtained from the shareholders of Grey Island, that all third party regulatory and governmental approvals to the Transaction will be obtained and all other conditions to the completion of the Transaction will be satisfied or waived. Many of these assumptions are based on factors and events that are not within the control of WebTech Wireless and Grey Island and there is no assurance they will prove to be correct. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of WebTech Wireless and Grey Island to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to product plans, timing, content, and pricing of products, market and industry expectations, the wireless communications industry, the mobile fleet industry, and general economic and political conditions, as well as those factors discussed in the section entitled "Description of the Business – Risk Factors" in WebTech Wireless' annual information form for the year ended December 31, 2008 and although WebTech Wireless and Grey Island have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. WebTech Wireless and Grey Island do not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

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

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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