DDS Wireless International Inc.
TSX : DD

DDS Wireless International Inc.

June 04, 2009 08:00 ET

DDS Wireless' Taxi Business Unit Signs $1,800,000 in Contracts

RICHMOND, BRITISH COLUMBIA--(Marketwire - June 4, 2009) - DDS Wireless International Inc.'s (TSX:DD) Taxi business unit, Digital Dispatch Systems Inc., today announced that it closed two contracts worth approximately $1,800,000 for its latest generation Pathfinder™ enterprise class taxi fleet management solution and mobile data terminals ("MDTs").

The first contract is with Taxis G7 of Paris for several hundred of the Company's iPilot 8000™ MDTs. Taxis G7 is one of the Company's largest customers and has been using DDS's technology to build its business for over 8 years. Today Taxis G7 has over 5,000 taxis in its fleet.

Digital Dispatch has also been awarded a contract to upgrade Beverly Hills Transit Co-operative, of Beverly Hills, California, to Digital Dispatch's Pathfinder™ solution - the Company's latest market leading enterprise level taxi fleet management solution. The system also includes the deployment of the Company's new iMAX MDTs. The contract with Beverly Hills is subject to one condition which we expect will be removed shortly. Both contracts have a total contract value of $1,800,000 including a long term service agreement.

"Pathfinder will take Beverly Hills Cab to the next level of service, both to our customers and drivers," said Edik Elyasi, president of Beverly Hills Cab. "We are hoping that this will speed up the transition of information between the office and the vehicle, as well as enabling our drivers to use the integrated GPS system through the iMAX to get to the customer efficiently and on time."

A DDS customer since 1996, Beverly Hills has chosen to upgrade to a new top of the line Pathfinder™ dispatch software and new iMAX 8000™ in vehicle MDT, which will give the company the most advanced dispatching solution in North America. The new iMAX 8000™ MDTs present the best of in-vehicle mobile computing and connectivity, offering a tough, durable and ultra bright widescreen LCD in a slim line design. The iMAX also boasts a 5 wire resistive touch screen for longer life and a 20 channel GPS receiver for high sensitivity and accuracy. The iMAX, coupled with our leading fleet management systems, present a compelling suite of solutions for new and existing customers throughout all of our market segments.

"Here at Digital Dispatch, we are very excited that Beverly Hills Cab has chosen to remain a loyal DDS customer and become the new technology showcase in the Los Angeles area," commented Steven Juliver, the President of Digital Dispatch. "Over half of our customer-base have been loyal DDS customers for more than 10 years. With the advancement in technology, we expect most customers will take advantage of our newest suite of products in order to ensure the highest level of efficiency and customer service."

Forward-Looking Statements

This press release contains statements which, to the extent that they are not recitations of historical fact, may constitute forwardlooking 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.

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.

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

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