Wireless Matrix Corporation
TSX : WRX

Wireless Matrix Corporation

September 15, 2008 14:46 ET

Results of Wireless Matrix 2008 Annual and Special Shareholders' Meeting

RESTON, VIRGINIA--(Marketwire - Sept. 15, 2008) - Wireless Matrix Corporation (TSX:WRX) ("Company"), the leading provider of wireless data solutions targeting field service organizations announced today the results of its 2008 Annual and Special Meeting of Shareholders (the "Meeting") held in Reston, Virginia, on September 11, 2008.

Board Members Election Results

At the Meeting, the shareholders of the Company re-elected as members of the board of directors, Messieurs David Magus, Ian Bonner, Per Olav Fosse, Neil MacKenzie, Jeff Lawson and Arve Johansen, who will serve the Company until its next annual meeting of shareholders.

Approval of Unallocated Options

The shareholders approved, ratified and confirmed the unallocated entitlements permitted under the Company's "rolling" stock option plan as are required to be approved every three years pursuant to the policies of the Toronto Stock Exchange (the "TSX"). As a result, the Company shall have the ability to continue to granting options under the stock option plan until September 11, 2011.

Shareholder Rights Plan

The Company did not receive the requisite support of the majority of disinterested shareholders in favor of the shareholder rights plan which was previously adopted and announced by the board of directors on July 30, 2008. In accordance with TSX policies, in cases where a particular security holder may be exempted from the operation of a shareholder rights plan, the TSX requires that such plan be ratified by a vote of security holders that excludes the votes of the exempted security holder and its insiders as well as by a vote that does not exclude such security holder. Although the shareholder rights plan received majority approval of all shareholders entitled to vote at the Meeting, the Company did not receive the requisite vote of the majority of disinterested shareholders. As a result, the shareholder rights plan shall be of no further force or effect and all rights issued there under shall be void.

Other matters

The shareholders reappointed Ernst and Young LLP, as auditors of the Company.

About Wireless Matrix:

Wireless Matrix provides enterprise-class wireless data solutions for business-critical mobile and remote asset operations. The Corporation delivers real-time data services across cellular, satellite and WiFi networks; a variety of modems and hardware platforms; and transportation applications that increase productivity and reduce operating expenses with service fleet operations. Wireless Matrix is headquartered in Reston, VA, and has offices in San Francisco, CA, and Burnaby, British Columbia. For more information visit www.wrx-us.com.

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