WebTech Wireless Inc.
TSX VENTURE : WEW

WebTech Wireless Inc.

January 31, 2007 17:43 ET

WebTech Wireless Inc. Announces Loan Agreement With Crown Telecom

BURNABY, BRITISH COLUMBIA--(CCNMatthews - Jan. 31, 2007) - WebTech Wireless Inc. (TSX VENTURE:WEW) (the "Corporation") announces that it has entered into a secured loan agreement with its distributor in Brazil, Crown Telecom, for total financing of $US 12 million. Cash provided under the loan agreement of US $2 million will be used for general working capital to launch "24 Horas", exclusively powered by WebTech products and services. The balance of the loan proceeds will be provided on account primarily to initiate Crown Telecom's delivery on its 490,000 unit agreement with a Brazilian automotive manufacturer.

Mr. Anwar Sukkarie, WebTech Wireless President and Chief Executive Officer, commented, "This Loan to Crown Telecom, which was first disclosed a few weeks ago, represents the final steps in our negotiations with Crown Telecom. This arrangement will replace Crown Telecom's requirement to provide letters of credit at the beginning of the project. It will enable us to strategically align ourselves with Crown Telecom and its "24 Horas" service to become the premier provider of location based services for passenger vehicles in Brazil. The loan agreement solidifies our relationship with Crown Telecom and provides the capital necessary to initiate a full scale initiative in the Brazil market."

About Crown Telecom

Crown Telecom is the leading independent provider of Telematics solutions for the automotive industry serving markets in Brazil and other countries in South America. Crown's Telematics services are designed to enhance the safety, security and driving experience for consumers while providing marketing and operational benefits to automobile manufacturers (OEMs) and their dealers. Crown Telecom pioneered one of the first Telematics service offerings in Brazil in 2003 and continues to be an innovator in the industry through the development and successful implementation of new Telematics services and applications.

About WebTech Wireless Inc.

WebTech Wireless Inc. (TSX VENTURE:WEW) is a global Telematics, location-based services provider that develops, manufactures, and delivers turnkey wireless solutions designed to improve productivity and profitability. WebTech products include wireless hardware and software services running on cellular and satellite networks, and include Automatic Vehicle Location, Mapping, Reporting, Vehicle Maintenance, Driver Status, In-vehicle Telemetry, Messaging, In-vehicle Navigation, and wireless application and Internet connectivity. WebTech is currently providing devices and services worldwide in eight languages to over forty-one countries covering five continents. WebTech's scalable solutions are used by a broad range of small, medium, Fortune 500 companies and governments. For more information, please visit www.webtechwireless.com.

Forward-Looking Statements

This press release contains forward-looking statements involving risks and uncertainties pertaining to, but not limited 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. Given the risks and uncertainties inherent in the markets and industries referred to in this press release, WebTech cannot guarantee that any forward-looking statements will be realized.

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