SOURCE: Fittipaldi Logistics, Inc.

April 04, 2007 09:47 ET

Fittipaldi Logistics, Inc. Signs OEM Agreement With WebTech Wireless, Inc.

Company Signs 2 Year Agreement to Integrate WebTech Products Into EMMOLogic Commercial Vehicle Telematics Solutions

BOCA RATON, FL -- (MARKET WIRE) -- April 4, 2007 -- Fittipaldi Logistics, Inc. (OTCBB: FPLD), the market leader in software development focusing on the freight transportation industry, announces a two year agreement with WebTech Wireless, Inc. (TSX-V: WEW), a leading provider of location-based fleet telematics services.

On March 20, 2007, Fittipaldi Logistics entered into a two-year Original Equipment Manufacturer (OEM) Purchasing Agreement with WebTech Wireless, Inc. WebTech develops and manufactures wireless solutions that run on cellular and satellite networks. Fittipaldi Logistics is integrating some of WebTech's products into its commercial vehicle telematics offerings.

Fittipaldi Logistics has been evaluating the WebTech Wireless device for inclusion in its Fuel Efficiency and Emission Reduction modules for the past 2 months. By incorporating the WebTech device into these modules, EMMOLogic acquires the ability to seamlessly integrate into a truck's on-board diagnostic computer to gather a wide range of information. This information is critical to EMMOLogic's focus on increasing fuel efficiency and decreasing the amount of harmful emissions that are polluting the environment.

"Fittipaldi logistics is ramping up to provide emissions reduction and fuel savings solutions to the transportation industry, and we view the WebTech device as an integral part of our strategy," says Kevin Yates, COO Fittipaldi Logistics.

EMMOLogic is committed to building applications that deliver value. Additional modules include: Fleet Management System Integration for bi-directional communication and reporting, Remote Engine Diagnostics, Vehicle Security, and many others.

"The partnership with Fittipaldi Logistics provides us with an important new outlet for our products, and we believe that there is every opportunity for this relationship to grow in the coming months," says Cameron Fraser, CTO and COO of WebTech Wireless.

Fittipaldi Logistics will host and manage the on-demand web-based application on dedicated servers offering a high-availability, guaranteed bandwidth to ensure 24/7 reliability of information access and communications.

About Fittipaldi Logistics, Inc.

Fittipaldi Logistics, Inc. is a technology company that specializes in providing pertinent, real-time information to the worldwide transportation and security industries. Our telematics solutions collect vehicle and container-based data and integrate it with information gathered from various disparate legacy systems across the supply chain. The data is then synthesized and reformatted into valuable, actionable information, and delivered to appropriate end-users across the logistics value chain through secure web-based applications. Specific offerings include: vehicle tracking, inventory/asset visibility, secure trucking, matching available freight with available trucks, and many others.

About WebTech Wireless, Inc.

WebTech Wireless Inc. (TSX-V: WEW) is a global Telematics, location-based services provider that develops, manufactures, and delivers turnkey wireless solutions designed to improve productivity and profitability. WebTech products include wireless hardware and software services running on cellular and satellite networks, and include Automatic Vehicle Location, Mapping, Reporting, Vehicle Maintenance, Driver Status, In-vehicle Telemetry, Messaging, In-vehicle Navigation, and wireless application and Internet connectivity. WebTech is currently providing devices and services worldwide in eight languages to over forty-one countries covering five continents. WebTech's scalable solutions are used by a broad range of small, medium, Fortune 500 companies and governments. For more information, please visit www.webtechwireless.com.

This press release includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding our current business plans, strategies and objectives that involve risks and uncertainties that could cause actual results to differ materially from anticipated results. The forward-looking statements are based on our current expectations and what we believe are reasonable assumptions; however, our actual performance, results and achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Factors, within and beyond our control, that could cause or contribute to such differences include, among others, the following: we have a history of losses and an accumulated deficit, expect losses to continue for the foreseeable future and will need to raise additional working capital in order to implement our business model and sustain our operations; the loss of one or more of our major customers could materially and adversely effect our future revenue and business operations; as well as those factors discussed under "Risk Factors" in our Annual Report on form 10-KSB filed on October 13, 2006 and various disclosures in other reports filed from time to time with the United States Securities and Exchange Commission.

Contact Information

  • Contact Information:
    Fittipaldi Logistics' Corporate Investor Relations
    (866) 998-7557 x 301
    email: ir@emmologic.com