WebTech Wireless Inc.

WebTech Wireless Inc.

February 29, 2008 17:03 ET

WebTech Wireless Announces Filing of Amended and Restated Financial Statements for Q2 and Q3 of FY 2007

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2008) - WebTech Wireless Inc. (TSX:WEW), a leading provider of location-based and fleet Telematics services, has released amended and restated unaudited financial statements for the quarters ended January 31, 2007 and April 30, 2007 (Q2 and Q3 of FY 2007) as a result of a review of the statements by the British Columbia Securities Commission.

The amended and restated financial statements provide expanded note disclosure of the effect of the restatement. This expanded note disclosure is found in Note 13 of the Q2 statements, and Note 14 of the Q3 statements. There are no dollar differences between the amended and restated statements and the restated financial statements previously released.

The amended and restated financial statements have been filed on SEDAR.

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.

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

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