Datacom Wireless Corporation

Datacom Wireless Corporation

August 31, 2007 22:31 ET

Datacom Wireless Corporation Completes the Acquisition of Vigil GPS

This acquisition immediately increases Datacom's monthly recurring revenues by $75,000 and represents an immediate increase of 29% to its current recurring revenue

LAVAL, QUEBEC--(Marketwire - Aug. 31, 2007) -

To the attention of Business and Financial Editors

Datacom Wireless Corporation ("Datacom" or the "Company") (TSX VENTURE:DAT), a Canadian leader in the design, development and marketing of mission-critical vehicle fleet management and theft prevention and recovery solutions, is pleased to announce today the completion of the acquisition of substantially all the assets and business operations of Vigil Locating Systems Technologies Inc. ("Vigil GPS"), after securing approval from the regulatory authorities, from its shareholders, Vigil Locating Systems Corporation (TSX VENTURE:VIG), and from the shareholders of the latter.

This transaction, which was completed for a consideration in cash and in assumed liabilities of Vigil GPS towards its clients, will immediately have a monthly contribution of seventy-five thousand dollars ($75,000) to the Company's recurring revenue stream representing an increase of 29% to its existing revenue stream. The acquisition is expected to be accretive to Datacom's earnings shortly following the integration phase.

In addition, Datacom is acquiring an impressive client base in its commercial and consumer markets, a high-end GPS technological platform and remote surveillance software which outperforms the competition in the tracking and theft prevention field. Datacom's integration of the commercial operations of Vigil GPS will take place over the next few months. While various operational and organizational changes will be implemented, Datacom will continue to offer services to all Vigil GPS' commercial and consumer clients. No efforts will be spared in order to ensure an easy transition and clients will from now on have access to a customer service support 24 hours a day seven days a week.

"This acquisition increases Datacom's access to new markets, broadens its product and service offering and strengthens its distribution network by adding sixty retail locations. With close to twenty thousand telematics units traveling on North American highways, Datacom has become a leader in the telematics sector and is looking forward to the growth opportunities generated by this transaction. Datacom has made great strides since its inception in 1999 and, in keeping with its strategic growth plan, should be able to offer even more products before the end of the year," stated Mr. Pierre Collins, President & CEO of Datacom.

About Datacom Wireless Corporation:

Founded in 1999, Datacom has grown to become one of the Canadian leaders in the design, development and marketing of mission critical vehicle fleet management and theft prevention and recovery solutions. Its products and services use wireless communications and satellite-based tracking technologies (GPS) and a state-of-the-art ASP information portal.

Datacom offers a portfolio of products and services for both commercial and consumer markets. Mobicom™ solutions enable fleet managers to view and track, 24-7 and in real-time, their vehicles on a virtual map in addition to generating valuable internal reporting data. Mobilus™ is a theft deterrent, detection and stolen vehicle recovery system that permits real-time tracking and recovery. Based on the Internet, this system enables the users to track their vehicles at all times. Mobiguard™ is a stand-alone wireless immobilizer for theft prevention and possesses a revolutionary technology that immobilizes a vehicle by disabling the starter circuit when a remote is not activated at the moment of ignition. For further information, visit

Forward-Looking Statements: This press release includes certain statements that may be deemed "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", and other similar words, or statements that certain events or conditions "may" or "will" occur. All statements in this release, other than statements of historical facts, that address future events or developments that the Company expects or anticipates, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices and general economic, market or business conditions. There can be no assurance that forward-looking statements will prove to be accurate, as results and future events could differ materially from those anticipated statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

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

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