VANCOUVER, BRITISH COLUMBIA, Dec. 11, 2009 (Marketwire) -- WebTech Wireless Inc. (TSX:WEW), a leading provider of vehicle location-based (LBS) and fleet telematics services, is pleased to announce the appointment of Mr. William J. Corcoran to the Board of Directors of the Company, effective January 1st, 2010.
"We are delighted by Bill's decision to join our Board," said Glen Brownlee, Chairman of the Board of Directors of WebTech Wireless. "His capital market and business expertise will be much appreciated as we continue our work post the Grey Island integration as well as ongoing strategic planning. I look forward to working with Bill."
Anwar Sukkarie, President and CEO of WebTech Wireless said, "Bill's acceptance of our proposal to join the Board will significantly enhance our plans in the insurance vertical and adds depth to our experience in financial markets. We're honoured to have him join us and look forward to his contributing to our success."
Commenting on his appointment, Mr. Corcoran said, "WebTech Wireless is the largest LBS and Telematics company in Canada and an industry leader worldwide. The potential to further their leadership position is very real and I am eager to apply my practical experience in the insurance industry and my governance background as a Director to help the WebTech Wireless team achieve their current and future goals."
Mr. Corcoran is a director on the boards of a number of prominent companies in Canada, a long standing member of the Canadian financial community, and a trustee of several foundations.
About WebTech Wireless Inc.
WebTech Wireless Inc. (TSX:WEW) is a global telematics and location-based services provider that develops, manufactures and delivers end-to-end wireless solutions designed to improve the productivity, profitability and safety of vehicle fleets. WebTech Wireless products and services run on GPS and cellular networks and provide Automatic Vehicle Location, Mapping, Reporting, Vehicle Diagnostics, Driver Status, In-vehicle Telemetry and Navigation and Messaging. The Company delivers products and services in over forty-one countries to a variety of small, medium and Fortune 500 companies, with a particular focus on the transport, service delivery, government and automotive markets. For more information, please visit www.webtechwireless.com.
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 Wireless cannot guarantee that any forward looking statements will be realized.
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