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Webtech Wireless Adopts Shareholder Rights Plan


Vancouver, Canada - November 16th, 2007 – WebTech Wireless Inc. (the “Company” or “WebTech Wireless”) (TSX: WEW), a leading provider of location-based and fleet Telematics services, announces that the Board of Directors has adopted a shareholder rights plan (“Rights Plan”) in order to ensure the fair treatment of all WebTech Wireless shareholders in connection with any take-over bid for the outstanding shares of WebTech Wireless.  The Rights Plan will provide shareholders with adequate time to properly evaluate and assess a take-over bid or corporate transaction if, as and when such circumstances arise without facing undue pressure or coercions.  The Rights Plan also provides the Board with additional time to consider any take-over bid and, if applicable, to explore alternative transactions in order to maximize shareholder value.

The Rights Plan is not being adopted in response to any proposal to acquire control of WebTech Wireless and the Company is not aware of any transactions by any party that would trigger the provisions of the Rights Plan at this time.

Pacific Corporate Trust Company will act as rights agent and the record date for the issuance of the rights was set at November 13, 2007, the record date set in connection with the Company’s upcoming annual general and special meeting.  The Rights Plan will remain in place only until the annual general and special meeting unless it is ratified by the shareholders.  If ratified by the shareholders, the Rights Plan will have a term of three years.  The Rights Plan is also subject to approval by the Toronto Stock Exchange.

The Board of Directors unanimously recommends that WebTech Wireless shareholders ratify the adoption of the Rights Plan.

A copy of the Rights Plan will be available on SEDAR.

-Ends-

About WebTech Wireless Inc.
WebTech Wireless Inc. (TSX: 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 Diagnostics, 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 and Fortune 500 companies and by governments. 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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Trademarks are the property of their owners.

For further information on WebTech Wireless, please contact:

Press / Media Contact:
Corey Grant / WebTech Wireless
(+1) 604-628-5194 cgrant@webtechwireless.com

Investor Relations Contact:
R. Joe Dhami
(+1) 877-811-4518 ext. 236, ir@webtechwireless.com

 

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