WebTech Wireless Inc.
TSX VENTURE : WEW

WebTech Wireless Inc.

May 30, 2006 19:30 ET

WebTech Wireless Inc. Files Final Short Form Prospectus

BURNABY, BRITISH COLUMBIA--(CCNMatthews - May 30, 2006) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED OR INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES.

WebTech Wireless Inc. (TSX VENTURE:WEW) (the "Corporation") is pleased to announce the filing of a short form prospectus (the "Prospectus") with securities regulators in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario (the "Commissions"). A receipt was issued by the British Columbia Securities Commission for the Prospectus, which qualifies the distribution of 6,896,552 common shares of the Corporation upon the exercise or deemed exercise of special warrants previously issued by the Corporation on April 11, 2006 (the "Special Warrants"). The Corporation issued the Special Warrants at a price of $1.45 per Special Warrant for aggregate gross proceeds of $10,000,000 pursuant to a "bought deal" private placement arranged through a syndicate of underwriters led by Wellington West Capital Markets Inc. and GMP Securities LP. Each Special Warrant entitles the holder thereof to acquire, for no additional consideration, one common share of the Corporation. Each Special Warrant will be deemed to be exercised on June 6, 2006. Holders of the Special Warrants will be sent certificates representing the common shares issued upon exercise of the Special Warrants by the Corporation's transfer agent, Pacific Corporate Trust Company.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless an exemption from such registration is available.

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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The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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