RICHMOND, BRITISH COLUMBIA — (Marketwire) — 06/18/12 — DDS Wireless International Inc. (TSX: DD) (“DDS” or “the Company”) announced today that its New Markets business unit, DDS eFleet Services Inc., has signed several important contracts for the deployment of mobile data terminals and a total of 133 new subscription contracts with 5 year terms.
The majority of the contract value comes from three new customers in the limousine industry. Each operates a substantial luxury transportation fleet, one in San Diego California, another in New Orleans Louisiana, and the third in Vancouver BC. The remainder of the contract value comes from two existing customers adding additional eFleet subscriptions to accommodate growth in their fleets.
“We-re pleased to see continued adoption of eFleet-s industry leading functionality among prestigious luxury transportation providers throughout North America,” said Ray Fast, President of DDS eFleet Services Inc. “We-re also very gratified to see existing customers realizing the value of eFleet and expanding their deployments.”
eFleet has established itself in several important markets including limousines, shuttle bus services, and work trucks. These bundled solutions, sold on a subscription basis, feature the Company-s hosted web applications bundled with its mobile data terminals. These recent contract wins are key to the Company-s strategy of building on its already significant base of recurring revenue.
About DDS Wireless International Inc.
DDS Wireless International Inc. is a global leader in providing application software for multiple vertical markets within the transportation industry. The Company specializes in transit routing and scheduling, real-time dispatching, vehicle location and tracking software applications, communications infrastructure as well as in-vehicle wireless devices. DDS Wireless operates three business units dedicated for Taxi, Transit and New Markets such as Limousines and Work Trucks. The Company supports its customers worldwide through its offices in Canada, Finland, Singapore, Sweden, U.K. and U.S.A.
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, operations, anticipated financial performance, business prospects and strategies, statements about future market conditions, supply and demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans contained in this press release that are not historical facts. Such forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors which could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, business risks, changes in market and competition, technological and competitive developments and potential downturns in economic conditions generally. Given these risks and uncertainties DDS Wireless cannot guarantee that any forward-looking statements will be realized.
Contacts:
DDS Wireless International Inc.
Investor Relations
(604) 241 1441
DDS Wireless International Inc.
Caroline J. Dunn
Chief Financial Officer
(604) 214 7206
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