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WebTech Wireless and Tracking World Sign a $2 Million Exclusive Partnership to Deliver Fleet Telematics to PakistanBURNABY, British Columbia --(Business Wire)-- Jan. 10, 2005 -- WebTech Wireless Inc. (TSX VENTURE:WEW) WebTech Wireless delivers 200 locator units to Pakistan based on initial order Tracking World (Pvt) Ltd, a provider of location-based and fleet Telematics services in Pakistan, and WebTech Wireless Inc., have entered into an exclusive partnership to deliver WebTech's fleet Telematics products and monthly subscriber services to a market that represents CDN$15 million in potential fleet Telematics services annually. Tracking World, under the terms of the agreement, will purchase in excess of CDN$ 2 million in equipment and recurring monthly services within the first year. A purchase order has been received and delivered upon for an initial December shipment of 200 WebTech Locator units. "Such innovative solutions enable us to offer quality services and unmatched product leadership to our customers - paramount for our target market," said Khuram Qaiser, Tracking World COO and Director. "We're very pleased to be offering unparalleled products and services to Pakistan's fleet Telematics industry, which will benefit from the always-on, real-time accessiblity to critical fleet management data such as two-way data communications, mapping and monitoring." "WebTech's ability to secure international partnerships in Saudi Arabia and now Pakistan, is clearly a competitive advantage amongst our North American peers," comments Anwar Sukkarie, President and CEO, WebTech Wireless. "Tracking World implemented WebTech's "Market Development System," designed for testing the viability of full deployment. Realizing early success with the development system, led to the roll-out of a large-scale commercial system and the rapid sale of 200 WebTech Locator units. Promising results also led to further trials being implemented throughout various additional vertical markets." Using WebTech's fleet Telematics products and monthly portal services allows Tracking World to offer a wide range of value added services including comprehensive reporting capabilities two-way messaging, barcode reader and scanner compatibility, in-vehicle email and internet services. About WebTech Wireless Inc. WebTech Wireless Inc. (TSX VENTURE:WEW) is a global Wireless 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 thirty-eight countries covering five continents. WebTech's scalable solutions are used by a broad range of small, medium, Fortune 500 companies and governments. About Tracking World (Pvt) Ltd. Tracking World (Pvt) Ltd is a Pakistan based Private Corporation. The Company is registered under the Companies Ordinance 1984 and is governed by the regulations of Securities and Exchange Commission of Pakistan (SECP). The company was formed in March 2004 and was licensed to provide the Vehicle Tracking Services (VTS) through out Pakistan. Tracking World's Head office is on Lahore with other satellite offices around Pakistan. TW offers solutions that address mobile asset security with a focus on bringing technology, convenience and comfort for its customers. TW offers the latest standard and customized solutions including Telemetry solutions to minimize the operating costs and maximize the operational efficiency for fleets and consumer vehicles. 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. Trademarks are the property of their owners. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
