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Message: WebTech Wireless Announces Changes to Board of Directors and Committees...

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WebTech Wireless Announces Changes to Board of Directors and Committees...

posted on Jan 18, 10 05:09PM

WebTech Wireless Inc.

TSX: WEW
WebTech Wireless Inc.

Jan 18, 2010 16:30 ET

WebTech Wireless Announces Changes to Board of Directors and Committees

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2010) - WebTech Wireless Inc. (TSX:WEW), a leading provider of vehicle fleet location-based services (LBS) and telematics technology, today announced that Scott Edmonds, WebTech Wireless' President & CEO has joined the board, that it has realigned its board committees, and that Andrew McLeod, the company's external counsel, has been appointed corporate secretary. In addition, the Company is announcing that William (Bill) Corcoran has resigned from the board. Mr. Corcoran's addition to the board was first announced on December 11, 2009.

The Company's board committees have been adjusted as follows. Glen Brownlee will be leaving the Audit Committee to be replaced by Paul Christie, who has also joined the Corporate Governance Committee. Dru Narwani has been appointed Chair of the Corporate Governance Committee, replacing Peter W. Roberts in this position, allowing Mr. Roberts to focus on his continued role as Audit Committee Chair. Len Metcalfe will continue to chair the Compensation Committee. Following these changes, the company now has five independent directors being Messrs. Brownlee, Christie, Metcalfe, Narwani and Roberts, and two management directors being Mr. Edmonds and Owen Moore, the Company's COO.

Glen Brownlee, Chairman of the Board, said, "Our committee realignment is designed to balance workloads and ensure all board members have an opportunity to contribute to the fullest extent as we integrate the InterFleet and NextBus brands into our operations, and prepare for IFRS conversion and other governance changes in the future."

Scott Edmonds, President & CEO of WebTech Wireless, added, "Although we would have been delighted to have Bill serve on our board, we completely understand his decision to reconsider joining us at this time. We thank him for his interest in the Company and wish him well in his other endeavours."

About WebTech Wireless

WebTech Wireless Inc. (TSX:WEW) is a provider of vehicle fleet location-based services (LBS) and telematics technology. It develops, manufactures and supports end-to-end wireless solutions that improve the productivity, profitability, environmental compliance and safety of vehicle fleets. Its comprehensive suite of products and services include: Automatic Vehicle Location (AVL), mapping, vehicle diagnostics, CO2 reporting, navigation, messaging, and workforce management. The Company serves customers of all sizes in the transport, government, service delivery, insurance and OEM markets in over forty-one countries, including Fortune 500 companies. Specialized products include: Quadrant fleet management software, InterFleet® solutions for government, and NextBus® real-time passenger information services for public transit fleets.

This News Release may contain forward-looking statements involving risks and uncertainties pertaining to, but not limited to, product plans, timing, content, pricing of products, market and industry expectations, the wireless communications and mobile fleet industries, and general economic and political conditions. Given the risks and uncertainties inherent in the markets and industries referred to in this News 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.

For more information, please contact

WebTech Wireless Inc.
Eric Wilson
Press and Media
+1 778.386.2712
press@webtechwireless.com
or
WebTech Wireless Inc.
Joe Dhami
Investor Relations
+1 877.811.4518 ext 462
ir@webtechwireless.com
www.webtechwireless.com

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