DDS Wireless International Inc.

DDS Wireless International Inc.

August 27, 2009 13:16 ET

DDS Wireless Signs $7.0 M Contract With Taxi Dusseldorf eG

RICHMOND, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2009) - DDS Wireless International Inc.'s (TSX:DD) Taxi business unit, Digital Dispatch, today announces that it has signed a contract for approximately $7.0 million with one of Germany's leading Taxi cooperatives, Taxi Dusseldorf eG. The contract includes the implementation and licensing of Digital Dispatch's leading Pathfinder™ taxi dispatch system along with the Company's latest generation iMax 8000™ mobile data terminals, and also includes a seven year service agreement for support and maintenance of the system. The system is for 1,240 iMax 8000™ mobile data terminals, with turn-by-turn navigation, GPRS wireless modem and other peripheral equipment. The contract is subject to certain conditions and will result in some revenue from the contract being recognized in the current fiscal year. Most of the revenue is expected to be recognized over the next 2 years and the service revenue in the subsequent years.

"Over the past 80 years, we have grown to be one of the largest taxi cooperatives in Germany. Our owners chose Digital Dispatch among a number of other suppliers and are all excited to implement Digital Dispatch's latest technologies later this year. We believe DDS Wireless is a company who has the experience in working successfully in Europe and Asia with several fleets over 1,200 cars and the technical expertise to implement a system that can grow with us", stated Dennis Klusmeier, CEO of Taxi Dusseldorf eG.

Taxi Dusseldorf eG joins an elite group of European taxi companies using Digital Dispatch's Pathfinder software or DDS's wireless devices. These include Taxis G7 of Paris, Taxi Stockholm, Helsinki Taxi, SKT taxi group of Copenhagen and Radio Taxis of London which combined represent over 12,500 taxis.

"We are very pleased to add Taxi Dusseldorf to our customer list as this represents our first step into Germany and a further validation of DDS's strength in the European market", stated Vari Ghai, CEO of DDS Wireless. "Our demonstrated success with other key customers in Europe played an important role in winning this deal, and this latest win will give us further momentum in the European market for both our enterprise class applications such as Pathfinder™ and our TaxiBook™ bundled subscription service targeted at small and mid sized fleets. Furthermore, it adds to the credibility of DDS Wireless to have a professional and world leading organization like Taxi Dusseldorf validate our recent investment in MobiSoft in Europe."

About Taxi Dusseldorf eG

Taxi Dusseldorf was founded in 1928. We have grown to become one of the largest taxi cooperatives in Germany. The foundation of our success has been our steadfast execution of leading-edge technologies to enable us to provide superior customer service and driver efficiencies.

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 contains statements which, to the extent that they are not recitations of historical fact, may constitute forward-looking information. Such forward-looking statements may include financial and other projections as well as statements regarding the Company's future plans, market opportunities, objectives, performance, revenues, growth, profits, operating expenses or the Company's underlying assumptions. Factors that could cause actual events or results to differ materially from those suggested by these forward-looking statements include, but are not limited to: the need to develop, integrate and deploy applications to meet our customer's requirements; the possibility of development or deployment difficulties or delays; the dependence on our customer's satisfaction with DDS Wireless' products; the timing of entering into significant contracts; our customers' continued commitment to the deployment of our solutions; the risks involved in developing integrated software and hardware solutions and integrating them with third-party communication and other services; the performance of the global economy and growth in software industry sales; market acceptance of the company's products and services; customer and industry analyst perception of the company and its technology vision and future prospects; the success of certain business combinations engaged in by the Company or by competitors; political unrest or acts of war; possible disruptive effects of organizational or personnel changes; technological change, new products and standards; risks related to acquisitions and international expansion; reliance on large customers; concentration of sales; international operations and sales; management of growth and expansion; dependence upon key personnel and hiring; reliance on a limited number of suppliers; industry growth; competition; intellectual property; product defects and product liability; currency exchange rate risk; concentration of ownership; and including but not limited to other factors described in DDS Wireless' reports filed on Sedar, including its Annual Information Form and financial report for the year ended December 31, 2008. In drawing a conclusion or making a forecast or projection set out in the forward-looking information, the Company takes into
account the following material factors and assumptions in addition to the above factors the Company's ability to execute on its business plan; the acceptance of the Company's products and services by its customers; the timing of execution of outstanding or potential customer contracts by the Company; the sales opportunities available to the Company; the Company's subjective assessment of the likelihood of success of a sales lead or opportunity; the Company's historic ability to generate sales leads or opportunities; and that sales will be completed at or above the Company's estimated margins. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. All forward-looking statements made in this press release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by the Company will be realized. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release.

Contact Information