DDS Wireless International Inc.

DDS Wireless International Inc.

November 01, 2011 08:00 ET

DDS Wireless 2011 Q3 Earnings Release and Conference Call Notice and Announcement of $1.2 Million of Contracts

RICHMOND, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2011) - DDS Wireless International Inc. ("DDS" or "the Company") (TSX:DD) issued notice today that it will release its 2011 third quarter financial results on November 9, 2011, before 8:00am Eastern Time. The Company's financial statements and MD&A will be available on the Company's website and on SEDAR at that time. The Company will host a conference call at 4:30 pm Eastern Time on the same day to discuss the financial results. Please call 416-340-9432 / 888-340-9655 to participate in the call. A replay of this conference call will be available through November 18, 2011 by dialing 905-694-9451 / 800-408-3053 and entering access code 6123142.

In addition the taxi business unit, Digital Dispatch Systems, announces $1.2 million in contract wins. The majority of the contracts are new TaxiBook™ subscriptions, which have increased by 90% since the start of the year. Taxibook™ is the Company's hosted taxi dispatch solution targeted at the very significant and underserved market for small and mid-sized fleets. Other contracts are for the sale of the Company's latest generation, flagship mobile data terminal, the Vector 9000, to Alaska Yellow Cab of Anchorage, AK, San Gabriel Transit of El Monte, CA and Kansas City Yellow.

"We continue to be pleased with the success of our TaxiBook™ offer," stated Patrick Nangle, President of Digital Dispatch. "The signing of twelve new small and mid-sized taxi fleets is directly attributed to the recent refocusing of our sales and marketing initiatives for this market segment."

About DDS Wireless International Inc.

DDS Wireless International Inc. is a global leader in providing application software for multiple vertical markets within the transportation industry. The Company specializes in transit routing and scheduling, real-time dispatching, vehicle location and tracking software applications, communications infrastructure as well as in-vehicle wireless devices. DDS Wireless operates four businesses dedicated for Transit, Taxi, Limousines and Work Truck, and Wireless Devices and Communication Infrastructure. The Company supports its customers worldwide through its offices in Canada, Finland, Singapore, Sweden, U.K. and U.S.A.

Forward-Looking Statements

This press release may contain forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, operations, anticipated financial performance, business prospects and strategies, statements about future market conditions, supply and demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans contained in this press release that are not historical facts. Such forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors which could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, business risks, changes in market and competition, technological and competitive developments and potential downturns in economic conditions generally. Given these risks and uncertainties DDS Wireless cannot guarantee that any forward looking statements will be realized.

Contact Information

  • DDS Wireless International Inc.
    Investor Relations
    (604) 241 1441

    DDS Wireless International Inc.
    Caroline J. Dunn
    Chief Financial Officer
    (604) 214 7206

    DDS Wireless International Inc.
    Vari Ghai
    Chief Executive Officer
    (604) 241 1441