DDS Wireless International Inc.

DDS Wireless International Inc.

October 25, 2012 14:00 ET

DDS Wireless Announces $0.8 Million of New Customer Contracts and Notification of Q3 Earnings Release and Conference Call

RICHMOND, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2012) - DDS Wireless International Inc. ("DDS" or "the Company") (TSX:DD) announced today that its Taxi business unit, Digital Dispatch Systems, has signed 3 new contracts totaling $0.8 million. The contracts upgrade 2 customers to the Vector 5000™ and sell a further 300 EMV units in Canada.

Additionally, the Company issued notice today that it will release its third quarter of 2012 financial results on November 7, 2012, 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 12:00 pm Eastern Time on the same day to discuss the financial results. Please call 416-340-2218 / 866-226-1793 to participate in the call. A replay of this conference call will be available through November 15, 2012 by dialing 905-694-9451 / 800-408-3053 and entering access code 5737272.

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 three businesses dedicated for Taxi, Transit and New Markets such as Limousines and Work Trucks. 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.

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