Infowave Software Inc.
TSX : IW

Infowave Software Inc.

November 01, 2006 23:14 ET

Shareholders Approve Infowave Share Consolidation

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 1, 2006) - Infowave Software, Inc. (TSX:IW), a leading provider of field service automation and enterprise mobile applications, today announced it has received shareholder approval to consolidate the Company's common shares on a 20 for 1 basis. As a result of the consolidation, the number of Infowave common shares outstanding will be reduced from 246,539,009 common shares to approximately 12,326,950 common shares.

"The consolidation of our shares provides the necessary flexibility to consider initiatives to further develop Infowave's business," said Infowave President and CEO James Suttie. "This will help enable Infowave to better leverage our existing product capabilities and new management team to capitalize on the growing market for mobile workforce management applications."

The effective date for the share consolidation will be November 22, 2006.

About Infowave

Infowave Software Inc.'s (TSX:IW) Echo by Infowave™ 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.


Contact Information