WebTech Wireless Inc.

WebTech Wireless Inc.

October 09, 2008 04:00 ET

WebTech Wireless Announces Change in Year-End

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 9, 2008) - WebTech Wireless Inc. (TSX:WEW), a leading supplier of location-based and fleet Telematics services, today announced that it is changing its year-end to December 31, with the first such year-end occurring on December 31, 2008.

Our change in year-end is intended to align our fiscal reporting more closely with seasonality of our business and to align our year-end with those of our industry peers - the majority of whom report on a calendar basis," said Scott Edmonds, Chief Financial Officer, WebTech Wireless Inc. "Our next reported results will be for the three months ended October 31, 2008, after which we will report results for the two months and five months ended December 31, 2008. Thereafter we will report on calendar quarter and calendar year ends."

About WebTech Wireless Inc.

WebTech Wireless Inc. (TSX:WEW) is a global Telematics, location-based services provider that develops, manufactures, and delivers turnkey wireless solutions designed to improve productivity and profitability. WebTech Wireless products include wireless hardware and software services running on cellular and satellite networks, and include Automatic Vehicle Location, Mapping, Reporting, Vehicle Diagnostics, Driver Status, In-vehicle Telemetry, Messaging, In-vehicle Navigation, and wireless application and Internet connectivity. WebTech Wireless is currently providing devices and services worldwide in eight languages to over forty-one countries covering five continents. WebTech Wireless' scalable solutions are used by a broad range of small, medium and Fortune 500 companies and by governments. For more information, please visit www.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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