WebTech Wireless Inc.
TSX : WEW

WebTech Wireless Inc.

May 15, 2008 16:01 ET

WebTech Wireless Provides Update on Contract Negotiations for Major Enterprise Opportunity

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2008) - WebTech Wireless Inc. (TSX:WEW), a leading provider of location-based and fleet Telematics services, announced on January 23rd, 2008 that it had been advised by a major potential customer that a project involving the purchase of a large volume of WebTech Locator™ GPS tracking devices over multi years had received financial approval.

Said Anwar Sukkarie, President and CEO of WebTech Wireless, "This three party process has been lengthy due to the complexity of the solution, its size, its critical application status and the positive impact this solution will have on the customer's business, and also due to the sheer size of the customer's and our partner's organizations. It is important to note that this contract, which despite its size and scope is consistent with our standard business model, represents a landmark solution deployment with major positive implications for WebTech Wireless' industry leadership status, solution diversity, and overall performance."

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.

Trademarks are the property of their owners.

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

Contact Information