[September 28, 2011]

Wireless Matrix Corporation to Acquire Certain Assets of SkyGuard, LLC

Wireless Matrix Corporation (TSX:WRX), a leading provider of GPS fleet tracking services, announced today that it has signed a definitive agreement to acquire certain assets of SkyGuard, LLC, a provider of fleet management systems based out of Flowood, MS. Closing of the transaction is expected to occur on or about Sept. 30, 2011, and is subject to customary closing conditions.

SkyGuard is a private company with over 20 years of experience in wireless technology and vehicle security. This transaction supports Wireless Matrix's FY2012 priority to grow its applications business through new subscriber additions, with the absorption of 15,000 subscribers. Nearly 75% of SkyGuard's subscriber base is comprised of enterprise customers similar to Wireless Matrix's base. Coupled with recent organic growth, the SkyGuard transaction represents the achievement of Wireless Matrix's goal of attaining 100,000 subscribers.

This transaction enhances Wireless Matrix's position as the leading and trusted provider of Mobile Resource Management (MRM) and GPS solutions to enterprise service fleets in the utility and cable markets. In addition, this opens up great opportunity for the Company to establish a beachhead in the construction industry, and grow its market share in municipality, government and non-government organizations (NGO), all markets with significant growth potential. The acquisition also doubles the Company's subscriber base in the small and mid-sized business market (SMB), a new growth avenue for Wireless Matrix.

As a result of the transaction new features will be added to Wireless Matrix's award-winning FleetOutlook™ offering, including asset tracking with theft alerts, state fuel tax reports and adherence to posted speed limits. These features will be released as part of FleetOutlook within the next four months.

SkyGuard customers will have a seamless transition to the FleetOutlook platform and gain access to Wireless atrix's enterprise-class features and functionality. These include customizable dashboards, an industry-leading, configurable reports platform, Open Partner Interface (OPI), TechConnect™, TechDirect^®, ongoing upgrades, and services such as training and support.

"This acquisition grows our enterprise subscriber base in new industry markets and boosts our product roadmap, while providing our customers with access to great innovations in SkyGuard's feature set that will help support their business goals," said J.Richard Carlson, president and CEO of Wireless Matrix. "Additionally, it uniquely positions us for continued growth, specifically in the utility sector, the construction vertical and the SMB market. With a proven track record of quickly building market share once we penetrate a vertical, we look forward to providing the full breadth of benefits in FleetOutlook to new markets and businesses that rely on their service fleets to support their core business operations."

Watch a video message from Wireless Matrix President and CEO discussing the SkyGuard Transaction here.

Wireless Matrix will discuss the transaction, along with its first quarter FY2012 results, on a conference call scheduled to begin at 10:00 a.m. ET on Thursday, Sept. 29, 2011. The conference call dial-in number is 800.705.1680. A replay of the conference call will be available on the Company's website subsequent to the call at www.wirelessmatrix.com or by dialing 800.558.5253 (code #21538270) until 11:59 p.m. ET on Oct. 1, 2011.

About SkyGuard

SkyGuard provides fleet management services to businesses throughout the United States using a secure web-based application and telematics device created by SkyGuard. The customized telematics device collects a wealth of valuable information that can be displayed in the application or integrated into a customer's software application. SkyGuard's systems and reporting provide fleet managers with the tools necessary to confidently make changes that result in lower costs, higher productivity, improved customer relations and reduced liability. For more information visit: www.skyguard.com.

About Wireless Matrix

Wireless Matrix Corporation (TSX: WRX) provides GPS fleet tracking solutions to improve service fleet delivery metrics. The Company's solutions provide location intelligence for managing, measuring and monitoring service execution. Users consistently report greater on-time arrivals, increased productivity and lower total operating expenses. The Wireless Matrix solution suite includes FleetOutlook^™, a web-based platform providing fleet operators complete visibility of their operations, enabled by vehicle mounted wireless data communication services. Wireless Matrix is headquartered in Herndon, Va. For more information visit: www.wirelessmatrix.com.

This release is for information purposes only and does not constitute and should not be construed in any way as an offer to sell or a solicitation of an offer to purchase any of the securities of any of the companies mentioned herein. Wireless Matrix cautions investors that any forward-looking statements made are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements. All trade names and trademarks used herein are the property of their respective owners.

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

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