DDS Wireless International Inc.

DDS Wireless International Inc.

April 03, 2012 08:00 ET

DDS Wireless' Digital Dispatch Unit Adds Several New Customers and Announces Contract Wins Totaling $1.1 Million

RICHMOND, BRITISH COLUMBIA--(Marketwire - April 3, 2012) - DDS Wireless International Inc. (TSX:DD) (the "Company") announced today that its Taxi Business Unit, Digital Dispatch Systems, has signed important contracts with several new customers during the first quarter of 2012. Total contracts value is more than $1.1 million. The new customers include:

  • AAA Best Choice Taxi of Etobicoke, ON
  • Black Lions Taxi of Prince George's County, MD
  • Cardinal Cabs of Raleigh, NC
  • Casino Cab of Council Bluffs, IA
  • City Cab of Salt Lake City, UT
  • Crown Cab of North Battlefield, SK
  • Dial-A-Cab of Grande Prairie, AB
  • I Care Cab of Minneapolis, MN
  • Peach City Cab of Penticton, BC
  • Your Safe Driver of West Palm Beach, FL

"We are pleased to welcome all these new customers to the DDS family," announced Vari Ghai, CEO, "their decision to entrust DDS as provider of their in-vehicle and dispatch centre technology is further confirmation of the relevance of our offer to growing and progressive taxi companies across North America. This is among the many exciting developments that are underway in our business at this time and I would encourage people to view our updated investor presentation on our website at"

The new customers include users of both PathFinder, the Company's market leading, enterprise level taxi fleet management solution targeted to larger fleets, and TaxiBook, a hosted, subscription service that is specifically targeted to small to mid-sized fleets. Each of the new customers has complemented their new dispatch solution with the Company's Vector series mobile data terminals.

Cautionary Note Regarding 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.

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 to transit, taxi, limousines and work truck, and wireless devices and communication infrastructure. The Company supports its customers worldwide through its offices in Canada, Finland, India, Singapore, Sweden, U.K. and U.S.A.

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