DDS Wireless International Inc.

DDS Wireless International Inc.

March 18, 2011 08:00 ET

DDS Wireless Announces $700,000 in Contract Wins for Its Bundled Subscription Solutions

RICHMOND, BRITISH COLUMBIA--(Marketwire - March 18, 2011) - DDS Wireless International Inc. ("DDS" or "the Company") (TSX:DD) announces today that its Digital Dispatch Systems and eFleet business units have collectively signed six contracts for their TaxiBook™ and eFleet™ Bundled Subscription Solutions collectively worth over $700,000. DDS has been a long time leader in dispatch and fleet management solutions for large fleets. These contract wins in small and medium size fleets are key to DDS' strategy of extending its reach into this substantial and underserved market.

The contracts include four TaxiBook™ contracts, one which is for a one hundred vehicle taxi fleet operator in the Midwest United States. The others are for smaller fleets and represent an important mark of success in the Company's strategy to reach these small fleet operators which comprise over 80% of taxi fleets in North America. 

The other two contracts were signed by the Company's eFleet business unit and include a five year contract with a leading luxury limousine company in Connecticut. The second deal is with a towing and roadside assistance company in the greater Vancouver area, and represents an important extension of eFleet's market reach. eFleet has established itself in several important markets including limousines, shuttle bus services, waste management and towing. 

These Bundled Subscription Solutions, sold on a subscription basis, feature the Company's hosted solutions bundled with its mobile data terminals. These recent contract wins are key to the Company's strategy of building on its already significant base of recurring revenue. 

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.

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