SOURCE: Siyata Mobile Inc.

Siyata Mobile Inc.

February 16, 2016 08:30 ET

Siyata Reports Record Sales of $9.9M in 2015

TORONTO, ON--(Marketwired - February 16, 2016) - Siyata Mobile Inc. (the "Company" or "Siyata") (TSX VENTURE: SIM) (OTC PINK: SIMFF) is pleased to report unaudited sales of $2.7 million for Q4 2015 with total revenue of $9.9 million in 2015, a 34% increase in revenue over 2014. 

Over the last four years, sales of the Truckfone and Voyager devices have consistently increased in multiple jurisdictions around the world, while Siyata partnered with multiple mobile carriers and distributors to meet the needs of commercial fleets and vehicles with aging devices.

Year Revenue (Rounded) Distributors Mobile Carriers
2012 $3,900,000.00 0 1
2013 $4,900,000.00 1 3
2014 $7,400,000.00 3 4
2015 $9,900,000.00 7 8
       
Total $26,100,000.00 7 8

"We are very pleased with our continued growth in 2015 and industry acceptance amongst mobile carriers, distributors, and their clients," states Marc Seelenfreund, CEO of Siyata. "We anticipate 2016 to be another year of strong sales growth as we enter the North American market."

About Siyata

Siyata Mobile Inc. is a leading global developer and provider of a vehicle-mounted communications platform over advanced mobile networks. Siyata's customers include cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the US, 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. Visit www.siyatamobile.com to learn more.

On Behalf of the Board of Directors of:

SIYATA MOBILE INC.

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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