SOURCE: Flaherty Financial News

August 02, 2012 10:00 ET

Over 100% of the DiMi Telematics International (DIMI) Public Float Is Short, Reports Editor Bob Flaherty; Another Scoop for Flaherty Financial News

WEST HARRISON, NY--(Marketwire - Aug 2, 2012) -  The bear raid on DiMi Telematics International, Inc. (OTCQB: DIMI) (PINKSHEETS: DIMI) is featured in the August 1, 2012 issue of Flaherty Financial News Newsletter #33. Over 100% of the public float is short! Another scoop for Bob Flaherty, who has written or edited over 100 stories on abusive short selling.

DiMi was co-founded by Ferrari car racing champion Roberto Fata. He created DiMi's unique DiMiSpeaks Software so he could race anywhere and still monitor and control his family's Manhattan commercial real estate. Hardware indifferent, DiMiSpeaks Software will enable building managers to relate with various devices which don't interact with each other. DiMi will help lower IT infrastructure costs and management requirements while improving performance, scalability and flexibility. It is the newest entry in the booming online M2M market, which will increase 500% in 2012 alone. This article can be found online at

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Flaherty Financial News Inc.
Flaherty Financial News Inc. ("FFN") is the publisher of totally-electronic coverage of the neglected small-cap and micro-cap markets. It was launched in February 2007 by the "legendary financial editor" Bob Flaherty, Editor and Chairman of Flaherty Financial News Inc. and his son Brian, President and Publisher. While previously serving as Chairman and Editor of Equities Magazine for twenty-five years and also Editor-in-Chief of Equities Special Situations, which had one of the most consistent and highest ranked long-run performance records measured by Hulbert Financial Digest. He is also an award-winning retired Senior Editor of Forbes Magazine, where he wrote 33 cover stories, two shy of the all-time record. He was also Chairman of The Over-The-Counter Securities Fund. Bob Flaherty is a Magna Cum Laude graduate of Harvard College in economics and also has an MBA with Distinction in Finance from Harvard Business School. A former president of the New York Financial Writers' Association, Bob is a co-founder of their annual student scholarship program and their annual award for significant long-term achievement in financial journalism.

About DiMi Telematics International, Inc.:
DiMi Telematics International, Inc. designs, develops and distributes Machine-to-Machine (M2M) communications solutions used to remotely track, monitor, manage and protect multiple mobile and fixed assets in real-time from web-enabled desktop computer or mobile devices. Visit

Forward-Looking Statements:
This news release contains "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of l995) regarding DiMi Telematics International, Inc. and its future business plans, which statements involve known and unknown risks and uncertainties. Such risks and uncertainties may cause actual results and future achievements of DiMi Telematics International, Inc. to be materially different than those implied by these forward-looking statements. Flaherty Financial News Inc. and DiMi Telematics International, Inc. have and undertake no obligation to provide public updates and revisions to these forward-looking statements to reflect any changes in its expectations of future events.

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