Global Traffic Network, Inc.

Global Traffic Network, Inc.

April 09, 2007 10:05 ET

Canadian Traffic Network ULC Acquires Toronto-Based Wise Broadcasting Network Inc.

NEW YORK, NEW YORK--(CCNMatthews - April 9, 2007) - Canadian Traffic Network, a subsidiary of Global Traffic Network Inc., (NASDAQ:GNET), which is a leading provider of custom traffic and news reports to radio and television stations outside the United States, announced today that it has acquired Toronto-based Wise Broadcasting Network, Inc..

Commenting on the acquisition, Ivan Shulman, Executive Vice President & Director of International Sales, said, "The addition of Wise Broadcasting is a perfect complement to our existing network. Wise provides traffic information to over 40 stations throughout Canada, as well as Weather, Sports, and Business news updates allowing us to expand our product offerings throughout Canada."

Mr. Shulman added, "Wise CEO Bart Murphy has done a fabulous job in building this business over the last five years, and we are extremely pleased that he has agreed to stay on, and become part of the CTN family."

Bart Murphy, Wise Broadcasting CEO, stated, "We had reached a point where continued growth meant looking for more resources. Teaming up with CTN allows us the resources to grow not only the affiliate base of our information services (traffic, weather, sports, and business news), but also the technology and resources to expand on the 'out of home' and 'digital front'. I look forward to working with the CTN team and growing our business together."

About Global Traffic Network

Global Traffic Network, Inc. (NASDAQ:GNET) is a leading provider of custom traffic and news reports to radio and television stations outside the U.S. The Company operates the largest traffic and news network in Australia, and operates seven traffic networks in Canada. In exchange for providing custom traffic and news reports, television and radio stations provide Global Traffic Network with commercial airtime inventory that the Company sells to advertisers. As a result, radio and television stations incur no out-of -pocket costs when contracting to use Global Traffic Network's services. For more information, visit the Company's website at

This press release contains statements that constitute forward-looking statements. These statements reflect our current views with respect to future events. These forward-looking statements involve known and unknown risks, uncertainties and other factors, including those discussed under the heading "Risk Factors" and elsewhere in our annual report 10-K that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements anticipated or implied by these forward-looking statements. These statements can be recognized by the use of words such as "may," "will," "intend," " should," "could," "can," "would," "expect," "believe," "estimate," " predict," "potential," "plan," "is designed to," "target" or the negative of these terms, and similar expressions. We do not undertake to revise any forward-looking statements to reflect future events or circumstances.

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