WebTech Named One of Canada's Fastest Growing Technology Companies
September 21 , 2006 - WebTech Named One of Canada's Fastest Growing Technology Companies
Company Races into 23rd Position on 2006 Deloitte Technology Fast 50 List
BURNABY, BC - September 21, 2006 -WebTech Wireless Inc. (TSX-V:WEW), a leading supplier of mobile telematics, has been named to Deloitte's prestigious Technology Fast 50, the annual program which recognizes excellence, innovation and the fastest growing technology companies in Canada. Rankings are based on percentage growth in fiscal year revenues over five years, from 2001 - 2005.
"WebTech is among the few profitable companies in the Telematics and Location-based Services industry worldwide. We identified a market challenge ahead of the curve and devised a plan for a fleet optimization solution that today is deployed by thousands of customers in 41 countries around the world," says Anwar Sukkarié, President and CEO, WebTech Wireless. "Our success is attributed to our technology meeting a real need among fleet operators and automotive manufacturers for cost effective and simple to use vehicle tracking, location-based and Telematics products and services. We thank Deloitte for this recognition of our efforts."
WebTech's increase in revenues of 1,379 percent from 2001 to 2005 resulted in a 23rd ranking overall in the Deloitte Technology Fast 50. The average increase in revenues among companies who made the Fast 50 for this region was 4,954 percent.
"Sustaining high revenue growth over five years is an exceptional accomplishment. We commend WebTech Wireless for making the commitment to technology and delivering on the promise of market longevity," said John Ruffolo, National Leader, Technology, Media & Telecommunications, Deloitte. "We are proud to honor WebTech Wireless as Deloitte Technology Fast 50 winner."
Winners of the 10 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Fast 50 or Fast 500 programs visit www.fast50.com or www.fast500.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 cannot guarantee that any forward looking statements will not be realized.
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