Infowave Software Inc.
TSX : IW

Infowave Software Inc.

December 28, 2006 09:00 ET

Infowave Secures $1.4M in New Business

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 28, 2006) - Infowave Software Inc. (TSX:IW), a leading provider of enterprise mobile applications (EMA), today announced that it has contracted with two existing customers to further integrate a robust mobile environment for field workers within their respective enterprise systems. These new implementations, valued at over US$1.4 million, will provide significant operational productivity improvements in the first stage of a global rollout for a large multinational high-tech medical company and a domestic deployment in a Fortune 100 multinational oil and gas firm.

"Securing these contracts with our clients bodes very well for our future," said Infowave's CEO James Suttie. "It also confirms the effectiveness of our named account strategy, as our 2006 revenues will be more than double what we achieved in 2005. We also enter 2007 with a solid backlog of business."

"Forward-thinking organizations recognize the need for mobile field service solutions to improve productivity, enhance control and cut costs," said Infowave's CEO James Suttie. "We are delighted to work with these two world-class organizations to further streamline their field operations in new areas of their business."

About Infowave

Infowave Software Inc.'s (TSX:IW) Echo by Infowave, an enterprise mobile application suite, is designed to streamline and integrate business operations by empowering mobile workers. The solution provides scalable, secure, and reliable mobile business applications for improving operational efficiency and increasing productivity. Some of the world's most innovative organizations in energy & utilities, defense, communications, and medical instrumentation use Infowave solutions to increase the efficiency of their mobile workforces. For more information, please email info@infowave.com or visit www.infowave.com.

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, objectives, performance, revenues, sales, growth, profits, operating expenses or the Company's underlying assumptions. The words "may", "would", "could", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project", and "believe" or other similar words and phrases are intended to identify forward-looking statements. Persons reading this press release are cautioned that such statements are only predictions, and that the Company's actual future results or performance may be materially different. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include the risk factors set out in the Company's Annual Information Form, and is subject to a number of risks, uncertainties and other factors, such as 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 Infowave's software, its continued commitment to the deployment of the solution, the risks involved in developing software solutions and integrating them with third-party software and services. 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.

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