WebTech Wireless Inc.
TSX : WEW

WebTech Wireless Inc.

March 15, 2011 07:46 ET

WebTech Issues Clarification

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 15, 2011) - Further to its news release of March 14, 2011, WebTech Wireless Inc. (TSX:WEW) wishes to clarify its statement therein that a majority of Goodwood Inc.'s nominee directors are insiders or advisors to Goodwood.

Based on public information, WebTech has determined that three of the six directors nominated by Goodwood in its proposal to replace WebTech's board, or 50% of those nominated, are insiders of or advisors to Goodwood. Of the remaining three directors, two are directors or executives of other companies in which Goodwood is an investor. WebTech has no information with respect to the independence from Goodwood of the final nominee, other than that Goodwood has represented that all of its nominees are independent of WebTech for purposes of National Instrument 58-101.

About WebTech Wireless®

WebTech Wireless Inc. (TSX:WEW) is a provider of vehicle fleet location-based services (LBS) and telematics technology. It develops, manufactures and supports end-to-end wireless solutions that improve the productivity, profitability, environmental compliance and safety of vehicle fleets. Its comprehensive suite of products and services include: automatic vehicle location (AVL), mapping, vehicle diagnostics, CO2 reporting, navigation, messaging, and mobile resource management. The Company serves customers of all sizes in the transport, government, service, insurance and OEM markets in over forty-one countries, including Fortune 500 companies. Specialized products include: Quadrant® commercial fleet solutions, InterFleet® solutions for government, and NextBus® real-time passenger information services for transit fleets. For more information, please visit www.webtechwireless.com.

This News Release may contain forward-looking statements involving risks and uncertainties pertaining to, but not limited to, product plans, timing, content, pricing of products, market and industry expectations, the wireless communications and mobile fleet industries, and general economic and political conditions. Given the risks and uncertainties inherent in the markets and industries referred to in this News Release, WebTech Wireless cannot guarantee that any forward-looking statements will be realized. All amounts in Canadian dollars (CAD$) unless otherwise noted. Trademarks are the property of their owners.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

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