Siyata Mobile Inc.

July 29, 2015 09:00 ET

Siyata Mobile Commences Trading and Announces Record First Half 2015 Sales of $5M+

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 29, 2015) - Siyata Mobile Inc. (the "Company" or "Siyata"), (TSX VENTURE:SIM), is pleased to announce it has completed and oversubscribed its financing, and commenced trading on the TSX Venture Exchange, while reporting record sales for the first six months of 2015 in excess of $5,000,000 CDN.

Siyata has grown its sales from $3.9M in 2012 to $7.4M in 2014, to over $5M in the first half of 2015. The Company continues to witness high demand for its Truckfone and Voyager devices as the natural replacement for aging devices operating on end of life networks (2G CDMA/GSM/iDEN) within commercial fleets and vehicles.

Siyata's latest flagship product, Voyager, is the world's first 3G connected Android based vehicle device that offers Push to Talk (PTT), Voice and Data solutions to remove clutter within a vehicle and allows for safe, better connectivity, and fleet management solutions to improve efficiencies and asset protection for commercial fleets.

Marc Seelenfreund, CEO of Siyata, states, "We are extremely pleased to gain access to the Canadian financial market as our springboard for sales growth into North America. There are hundreds of thousands of aging devices in the commercial fleet market that urgently need upgrading, and we have proven that Truckfone and Voyager are the solution of choice for many commercial fleets and vehicles in markets around the world. In North America, we plan to build on our track record of partnering with cellular operators and distributors to gain access to the buyers, significantly increase our sales, become the dominant player in the industry, and generate positive returns for our shareholders."

Voyager has innovative noise and echo cancelling technology for better in vehicle sound and communication, offers better cellular connectivity through an external antenna, and connects directly to the battery of the vehicle to ensure no lost phone or downtime. In addition, Voyager has a dedicated GPS antenna for precision vehicle tracking.

About Siyata Mobile Inc.

Siyata Mobile Inc. is a leading global developer and provider of a vehicle mounted communications platform over advanced mobile networks.

Customers include cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, Europe, Australia, and the Middle East.

Siyata's "Connected-Vehicle" devices and accessories are specifically designed for professional fleets such as trucks, vans, buses, ambulances, government cars, and more. Siyata aims to provide greater mobile connectivity for professional drivers and facilitate replacement of the current in-vehicle, multi device status quo with a single device that incorporates voice, data, and fleet management solutions.

On Behalf of the Board of Directors of:


Marc Seelenfreund, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

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