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Message: WebTech Wireless and Etisalat Sign an MoU and a Confirmed PO for Pilot Project

WebTech Wireless and Etisalat Sign an MoU and a Confirmed PO for Pilot Project

posted on May 14, 2008 12:24AM
http://www.marketwire.com/mw/release...

WebTech Wireless Inc.

TSX: WEW
May 14, 2008 04:00 ET

WebTech Wireless and Etisalat Sign an MoU and a Confirmed Purchase Order for Pilot Project

Etisalat to offer WebTech Wireless Products and Services through its Sales Force and Distribution Channels

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2008) - WebTech Wireless Inc. (TSX:WEW), a leading provider of location-based and fleet Telematics services, is pleased to announce that Emirates Telecommunication Corporation (Etisalat) ranked by The Middle East magazine as the 4th largest company in the Middle East in terms of capitalization and revenues, has signed a Memorandum of Understanding (MoU) with WebTech WirelessTM and confirmed a purchase order for a pilot project. Under the terms of the agreement, Etisalat will offer WebTech Wireless' QuadrantTM solution, a complete web-based Telematics solution, to corporate clients through its nationwide sales network and other distribution partners. Upon successful completion of the pilot, Etisalat and WebTech Wireless intend to sign a contract to develop and offer a comprehensive solution for the entire United Arab Emirates (UAE) regional market.

WebTech Wireless scalable products, with feature-rich functionality and comprehensive service offerings, provide financial and environmental benefits to customers including, but not limited to, passenger and employee safety, enhanced employee performance and improved asset utilization.

"Etisalat has always been a first-mover in introducing cutting edge products and services in this region," said Anwar Sukkarie, President and CEO, WebTech Wireless. "We are proud and excited to have signed an MoU with Etisalat. Post the 6-month trial term, our joint objective is to sign a contract for an agreement similar to the arrangement we have with our Canadian GSM service provider. This agreement will herald a unique Telematics and location-based products and service offering in the Middle East and beyond."

WebTech Wireless technology has packaged its products and services as the proven Telematics solutions platform for wireless carriers. The result is a complete turnkey fleet management solution for carriers to include in their communications product offering. WebTech Wireless has currently deployed this platform in North America with an industry leading wireless carrier. The successful conclusion of the pilot system trial will result in the second GSM service provider platform deployment.

"Etisalat customers are used to exceptional value and expect superior execution of business solutions. We are continuously looking to introduce innovative business solutions that withstand our rigorous commercialization process. Fleet Management Telematics is a highly differentiated offering for a high demand market which requires practical, cost saving business applications," said Essa Al Haddad, Chief Marketing Officer, Etisalat. "Etisalat conducted an extensive research process that included several companies worldwide. We are pleased to have selected WebTech Wireless with their proven industry, technical knowledge and extensive support system that will prove to be invaluable as we roll out the solution."

This MoU provides access to the UAE market of fleet and passenger vehicles through Etisalat sales and distribution network. The UAE has the world's highest ratio of vehicles to population with record annual growth of 41% as per the report prepared by Abu Dhabi Chamber of Commerce and Industry in 2006.

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 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 transportation, government, services and personal automotive companies. For more information, please visit www.webtechwireless.com.

About Etisalat:

Etisalat has been the telecommunications service provider in the United Arab Emirates since 1976. Starting at that time back, it has built up a state-of-the-art telecom infrastructure and taken a leadership position of innovation and reliability among regional and international operators. Etisalat's mobile phone service penetration in the UAE has crossed 150 per cent of the population. With more than 6.5 million subscribers, Internet and broadband penetration in the UAE has reached 60 per cent; a significant achievement by Etisalat compared to regional average.

In addition to being the UAE's telecom provider, Etisalat has now expanded to manage and operate telecom companies in Saudi Arabia, Egypt, Sudan, Pakistan, Tanzania, Benin, Burkina Faso, Gabon, Niger, Togo, Republic of Central Africa, Ivory Coast, Nigeria and Afghanistan. With shares in Sudan's 'Sudatel', Qatar's Q-Tel and Thuraya, the satellite telephone service provider, Etisalat is a key regional player that lends its expertise and resources towards the betterment of information and communication technology.

Visit Etisalat at www.etisalat.ae.

Forward Looking Statements

This press release contains forward-looking statements involving risks and uncertainties pertaining, but not limited, to product plans, timing, content, pricing of products, market and industry expectations, wireless communications industry, 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.

For more information, please contact

WebTech Wireless Inc. - Press / Media Contact
Georgia Pantazis
(604) 419-8137
Email: [email protected]

or

WebTech Wireless Inc. - Investor Relations Contact
R. Joe Dhami
1-877-811-4518 ext. 462
Email: [email protected]
Website: www.webtechwireless.com
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