WebTech Wireless Inc.

WebTech Wireless Inc.

November 27, 2009 04:00 ET

WebTech Wireless Adopts Cost Saving Measures and Announces Workforce Reductions

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2009) - WebTech Wireless Inc. (TSX:WEW), a leading provider of vehicle location-based and fleet telematics services, announces that it has reduced its full-time workforce by more than 10% and adopted other cost saving measures in an effort to lower its break-even point, enhance operational efficiency and ensure continued competitiveness.

Anwar Sukkarie, President and CEO of WebTech Wireless said, "It's important to note that these changes are affecting only WebTech Wireless employees and not our Grey Island operations, where we are not making any changes. With the recently announced contract delays at WebTech Wireless, we needed to align our expenditures with the timing of the related revenues and this exercise is intended to achieve just that."

About WebTech Wireless Inc.

WebTech Wireless Inc. (TSX:WEW) is a global telematics and location-based services provider that develops, manufactures and delivers end-to-end wireless solutions designed to improve the productivity, profitability and safety of vehicle fleets. WebTech Wireless products and services run on GPS and cellular networks and provide Automatic Vehicle Location, Mapping, Reporting, Vehicle Diagnostics, Driver Status, In-vehicle Telemetry and Navigation and Messaging. The Company delivers products and services in over forty-one countries to a variety of small, medium and Fortune 500 companies, with a particular focus on the transport, service delivery, government and automotive markets. For more information, please visit webtechwireless.com.

Forward Looking Statements

This press release contains forward-looking statements involving risks and uncertainties pertaining to, but not limited to product plans, timing, content, and pricing of products, market and industry expectations, the wireless communications industry, the mobile fleet industry, and general economic and political conditions. Given the risks and uncertainties inherent in the markets and industries referred to in this press release, WebTech Wireless cannot guarantee that any forward looking statements will be realized.

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