WebTech Wireless Inc.
TSX VENTURE : WEW

WebTech Wireless Inc.

August 31, 2005 18:31 ET

WebTech Wireless Raises $3.7 Million Through the Exercising of Warrants

BURNABY, BRITISH COLUMBIA--(CCNMatthews - Aug. 31, 2005) - WebTech Wireless Inc. (TSX VENTURE:WEW), a leading supplier of mobile telematics announced that it has issued 5,056,966 common shares for the total proceeds of approximately $3.7 million pursuant to the exercise of share purchase warrants. The warrants, which originated from a 2004 private placement, entitled the holders to acquire up to 5,499,999 common shares at a calculated average price of $0.73 per share until August 27, 2005.

"The $3.7 million in warrant proceeds will further strengthen the Company's working capital position and enable the execution of a more aggressive growth plan," commented Anwar Sukkarie, President and CEO of WebTech Wireless Inc. "The proceeds will be used for research and development initiatives, further penetration of existing distribution channels and general working capital," continued Mr. Sukkarie.

The exercise of the warrants will provide the Company with the financial stability to roll out large customer orders and establish service centers in growth markets worldwide.

About WebTech Wireless Inc.

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

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 cannot guarantee that any forward looking statements will be realized.

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The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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