WebTech Wireless Inc.
TSX : WEW

WebTech Wireless Inc.

October 23, 2007 13:59 ET

WebTech Wireless to Supply 8,000 Locators for Deal With EFU General Insurance Company in Pakistan

WebTech Wireless' Master Distributor in Pakistan, Tracking World (Pvt) Limited, to Provide Product, Implementation and Support Services for the Insurance Industry

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 23, 2007) - WebTech Wireless Inc. (TSX:WEW), a leading provider of location-based and fleet Telematics services, and EFU General Insurance Company (EFU), a premier insurer located in Pakistan, today announced that WebTech Wireless' master distributor Tracking World (Pvt) Limited, has received a supply agreement to establish a newly created vehicle theft and recovery service for the insurance industry in Pakistan.

Following a successful trial period, EFU General Insurance Company recognized the benefits of reducing insurance risks with the deployment of WebTech Wireless Quadrant products and services. The system included locators installed in both commercial and passenger vehicles with state-of-the art AVL applications and reporting. Increasing customer satisfaction and security were the compelling factors for deployment of the service.

"The insurance industry throughout Europe, Latin America, and Asia are investing in Automatic Vehicle Location (AVL) systems to provide a higher level of service to their customers," said Cameron Fraser, Chief Technical Officer and co-founder of WebTech Wireless. "We anticipate that GPS technology will accelerate the introduction of insurance products based on driving habits as well as for theft recovery."

Qamber Hameed, Deputy Managing Director, EFU General Insurance Company stated "With the new set-up and installation of the Tracking World / WebTech Wireless AVL we are confident that the theft ratio will be reduced to the minimum level that we have already experienced during our test phase." Mr. Qamber Hameed has been with the company for the last 25 years. EFU is now the No. 1 insurance company in the region due to his innovative attitude. This is another aggressive step to extend the security for EFU's mobile asset to help minimize the company's loss ratio and to increase the level of customer support.

"We have had tremendous success providing the WebTech Wireless system in the commercial fleet market because of its proven reliability and rich feature set. Now we are pleased to be part of WebTech Wireless's expansion into the automotive telematics market." Khuram Qaiser, Chief Executive Officer, Tracking World (Pvt) Limited.

About WebTech Wireless Inc.

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

About Tracking World (Pvt) Ltd.

Tracking World (Pvt) Ltd was established in 2004 with the vision to provide the most modern GPRS based vehicle tracking and Fleet Management technology in Pakistan. Powered by WebTech Wireless Inc., Tracking World (Pvt), has successfully created a broad range of products and services based on the "Track Plus" brand.

About EFU General Insurance Company.

EFU General Insurance Company was incorporated as a Public Limited Company on September 2, 1932 and is engaged in general insurance business comprising of fire, marine, motor and engineering. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. Based in Karachi, Pakistan, EFU operates with over 60 branches located throughout the country. As an industry leader for over 50 years, EFU has built their reputation on financial strength and its partnership with Munich Re, one of the largest reinsurance companies in the world.

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 Wireless cannot guarantee that any forward looking statements will be realized.

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

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