Vancouver, BC, August 9, 2011--(T-Net)--DDS Wireless International Inc. (TSX:DD) announced today that its business unit, DDS eFleet Services, has signed subscription contracts totalling over $600,000. These include three new customers in the limousine industry operating substantial fleets in the US Midwest, Northeast and the South. Additional contracts were signed with existing customers to add subscriptions to accommodate growth in their fleets, as well as the renewal of contracts for extended terms.
eFleet has established itself in several important markets including limousines, shuttle bus services, and work trucks. The eFleet(TM) fleet management and dispatch solution is sold on a subscription basis and features the Company's hosted web applications bundled with its mobile data terminals. As a hosted system, it is complemented by the Company's TaxiBook(TM) solution targeted at small and mid-sized taxi fleets. These rapidly deployed, turn-key solutions are ideally suited to serving the needs of small and mid-sized fleets, a very large market segment which is underserved by fleet management and dispatch solutions.
These recent contract wins are key to the Company's strategy of building its presence in small and mid-size fleet segments and in verticals outside of its core taxi and transit markets. They also serve to build on the Company's 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 four businesses dedicated to transit, taxi, limousines and work truck, and wireless devices and communication infrastructure. The Company supports its customers worldwide through its offices in Canada, Finland, India, Singapore, Sweden, U.K. and U.S.A.
About DDS eFleet Services
Catering to commercial fleets such as limousines and work trucks, eFleet extends some of the core functionalities of computerized dispatching to commercial fleet operators without the upfront costs of maintaining an in-house solution. The eFleet solution includes a complete bundle of software, hardware and data networks that are securely accessible via an Internet web browser. The eFleet system integrates computer aided wireless dispatch, GPS fleet tracking, GPS navigation, two-way text messaging, and point-of-sale payment processing into a single hosted system that is available as a subscription service.
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.
DDS Wireless International Inc.
Jim Zadra, CA
DDS Wireless International Inc.
Chief Financial Officer