[December 07, 2004] Wireless Data Solutions and IDA Corporation Agree to a Consolidation/Merger to Design and Build New Products and Software for Automatic Vehicle Status Reporting and GPS Location Tweet SAN DIEGO --(Business Wire)-- Dec. 7, 2004 -- An Agreement has been signed by the boards of Wireless Data Solutions (OTC:WDSO), and IDA Corporation, a privately held company in Fargo, North Dakota, to combine companies. The Agreement caps joint discussions to make both companies stronger within the industries they serve, while increasing market share and providing a competitive advantage in the various fields of producing high technology products such as: VoIP (Voice over Internet Protocol) equipment, Digital Remote Control devices used to control two-way radio base station equipment, and Fleet Mobile Data Terminal products with GPS and proprietary software oriented toward fleet vehicle tracking and other fleet related vehicle status reporting operations. The company's Mobile Data Terminals (MDTs) report and announce vehicle information to a dispatch location or central office using real-time wireless networks, and subsequently store all vehicle activity during the course of a workday. Management reports are then available to maximize the efficiency factor in vehicle operations and productivity, therefore providing customers with a compelling competitive advantage in the area served. The final combination of the companies is contingent on WDSO shareholder approval and raising a limited amount of equity funds on or before April 30, 2005. Wireless Data Solutions (WDSO), through its wholly owned subsidiary DINET, manufactures and sells Mobile Data Terminals with GPS location, providing fleet vehicles with real time status reporting to a central office environment using proprietary dispatching software. The company has an extensive customer base and has been in business since 1987. It has manufactured in excess of 19 thousand Mobile Data Terminals (MDTs) since the business began. WDSO has been instrumentally successful in providing a way that MDTs can operate over a myriad of complex two-way radio systems without recurring monthly charges to truck fleets, specifically Ready Mix Concrete fleets and "for hire transportation" fleets equipped with status reporting capabilities containing proprietary software. Then, with next generation products, transfer of vehicle information will be available over many other digital wireless networks. The Combination of these companies will allow WDSO and IDA to design and build new Mobile Data Terminal products that are completely automated; meaning most GPS and vehicle status inputs will be accomplished without driver intervention. This means GPS location and various vehicle-operating parameters are reported to a dispatcher or central office without driver input. Notably, this standard could be applied to many vertical markets where fleet vehicle management is not only important but operating efficiency a crucial ingredient. The combined companies will also continue discussions to employ a patentable vehicle sensor device, which will capture and report many vehicle inputs and send the information either real time, or store the information and then send via existing Wi-Fi networks as the vehicle closes in on its home base of operations. IDA Corporation: IDA Corp. has a long-standing, twenty-seven year reputation of designing and building electronic products and equipment for a wide variety of wireless applications used by federal government, State/Local governments, and business entities worldwide. The company just recently finished developing and is selling VoIP (Voice over Internet Protocol) products globally. IDA Corporation employees on site design engineering, and contract manufacturing, and the company has produced many finished goods to such companies as M/A-COM formally General Electric Radio System products, US Navy, Federal Express, NASA and Lockheed. IDA has also developed a Global Tracking Data Center, which captures information relating to automatic GPS tracking called "TRAKIT", which utilizes various wireless networks to transport data. The GTDC is also capable of providing information to various customers' outlets simultaneously via an Internet Based technology or Local Area Network for complete "hands on" monitoring of desired collateral equipment using the TRAKIT system. Globally, IDA Corp. is one of only a few companies providing this service. Combined, WDSO and IDA Corporation will meet objectives through significant R & D programs directed toward fleet vehicle optimization; further developing the company's expertise in providing specialized contract engineering and manufacturing services; building its existing customer base by providing an efficient and easy to use Global Tracking Data Center, which tracks and monitors vehicles nationwide; and, making choices to develop new products and programs designed to build value for its shareholders over the long term. IDA Corp. President and CEO Reed Danuser, and WDSO Executive Vice President Robert Chase will lead the new combined company; both have many years of operations and executive management experience in producing results principally in high technology areas. This discussion may include certain "forward looking" statements that reflect our current views with respect to future events and financial performance. Investors should be aware that actual results may differ materially from our expressed expectations because of risks and uncertainties inherent in future events; particularly those risks identified and set forth previously. Factors that could cause or contribute to such differences include, but are not limited to those discussed in this section. Investors should not unduly rely on these forward-looking statements. We undertake no duty to update the information in this discussion if any forward-looking statement later turns out to be inaccurate. [ Back To TMCnet.com's Homepage ]