RICHMOND, BRITISH COLUMBIA--(Marketwired - Sept. 27, 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 Signature Cab of Hawaii for the deployment of 800 backseat passenger information monitors. These monitors support mobile commerce and media applications.
"I'm delighted with the progress of our strategy to penetrate the backseat of taxi cabs in North America", said Vari Ghai, CEO of DDS. "This is an important driver of growth of recurring revenue and the deployment of these units will bring us to a total of approximately 2,000 units deployed in the backseat by the end of fiscal 2013."
The Company further announced that its Chief Financial Officer and Corporate Secretary, Caroline Dunn, is leaving the Company at the end of her contract to pursue other opportunities. Ms. Dunn has been with DDS for over two years and will remain with the Company to complete the Q3 reporting cycle in early November.
Vari Ghai commented; "I am very appreciative of Caroline's contributions in; rationalizing our corporate services function, building a strong worldwide corporate services and finance team, and supporting our executive leadership team in positioning for our strategic growth initiatives. We wish her every success." A search for a new CFO will be initiated immediately.
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.
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.