BURNABY, BRITISH COLUMBIA--(CCNMatthews - April 25, 2007) - WebTech Wireless Inc. (TSX VENTURE:WEW), a provider of location-based and fleet telematics services, today announced that it has received conditional approval to list its common shares on the Toronto Stock Exchange. Subject to fulfilling the listing requirements, the Company will transfer its listing from the TSX Venture Exchange to the Toronto Stock Exchange. The company shares will commence trading on April 26, 2007, under the symbol "WEW".
"With a four year track record of profitability, a strong working capital position, and many large opportunities that WebTech Wireless is currently cultivating, we believe that a TSX listing is another milestone achieved on our way to becoming one of the main leaders in telematics and location-based services and products worldwide," commented Anwar Sukkarie, President and Chief Executive Officer of WebTech Wireless Inc.
About WebTech Wireless Inc.
WebTech Wireless Inc. (TSX VENTURE: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 Maintenance, Driver Status, In-vehicle Telemetry, Messaging, In-vehicle Navigation, and wireless application and 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, Fortune 500 companies and governments. For more information, please visit www.webtechwireless.com.
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.
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