DDS Wireless International Inc.

DDS Wireless International Inc.

October 23, 2013 07:30 ET

DDS Wireless International Inc.: Digital Dispatch Announces Backseat Deal in Washington, DC and Third Quarter Conference Call

RICHMOND, BRITISH COLUMBIA--(Marketwired - Oct. 23, 2013) - DDS Wireless International Inc. (TSX:DD), a world leader in providing wireless data solutions for fleet management for more than 25 years, announced today that its Taxi business unit, Digital Dispatch, has signed a contract with Yellow Cab of DC for the deployment of 400 backseat payment system and passenger information monitors. These monitors support mobile commerce and media applications.

"I continue to be encouraged with the progress of our strategy to penetrate the backseat of taxi cabs in North America," said Vari Ghai, CEO of DDS. "Adding to our recent contract win with Signature Cab of Hawaii, the deployment of these units will bring us to a total of approximately 2,500 units deployed in the backseat by the end of fiscal 2013."

The Company further announced that it will release its third quarter of 2013 financial results on November 6, 2013, before 8:00 am 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 1:00 pm Eastern Time on the same day to discuss the financial results. Please call 416-340-8527 / 877-440-9795 to participate in the call. A replay of this conference call will be available through November 18, 2013 by dialing 905-694-9451 / 800-408-3053 and entering access code 4947461.

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 OEM partners, Limousines, Airport Shuttles and Buses. 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