Wireless Location Based Solutions  .   GPS Vehicle Tracking  .   Fleet GPS Management  .   Telematics Vehicle Tracking  .   Automotive Telematics  .   GPS Satellite Tracking

 

Press Releases

<< Back

Webtech Wireless Expanding Telematics Offerings Available to Major Brazilian Insurance Companies


Vancouver, BC - July 19th, 2007 – WebTech Wireless Inc. (TSX: WEW), a leading fleet Telematics products and services provider, has agreed with Volkswagen Brazil that the latter will facilitate meetings with major insurance companies in Brazil. The objective of the meetings is to expand the offering of aftermarket Telematics services for anti-theft applications. The meetings will occur over the next several weeks and constitute a first milestone of WebTech Wireless’ revised strategy for expanding market share in the Brazilian Personal Automotive Telematics market. This new strategy is based on four goals, namely: appointing an established master distributor for Brazil to replace WebTech Wireless’ current distributor; monetizing the more than 80,000 active WebTech Wireless Locators in Brazil; concluding agreements with insurance companies to facilitate the aftermarket Telematics anti-theft service for new subscribers who purchase Volkswagen vehicles in Brazil; and to create sufficient market demand to allow Volkswagen Brazil to recommence assembly line installations of WebTech locators on Volkswagen production lines in Brazil.

"Brazil continues to represent a huge opportunity for WebTech Wireless,” said Anwar Sukkarié, President and CEO of WebTech Wireless. “We currently have no commercial agreements with Volkswagen Brazil but there are over 60,000 brand new Volkswagen vehicles with factory installed WebTech Locator units and we are thus very pleased with Volkswagen Brazil’s generous gesture to facilitate meetings with major Brazilian insurance companies. We will support our current customers through a feasible migration plan, add new subscribers, and generally execute on creating the demand to justify returning to the assembly line installation process."

“Volkswagen Brazil is assisting an anti-theft program that we launched earlier this year with installations on our assembly lines then modified to become an aftermarket installation,” commented an official at Volkswagen Brazil. “We wish WebTech Wireless success in their meetings.”

-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 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 is currently providing devices and services worldwide in eight languages to over forty-one countries covering five continents. WebTech’s scalable solutions are used by a broad range of small, medium, Fortune 500 companies and governments. For more information, please visit www.webtechwireless.com.

About Volkswagen Brazil
Volkswagen Brazil is a subsidiary of Volkswagen Group. With over 50 years history in Brazil and over 13 million vehicles sold to date, Volkswagen Brazil is the most popular car manufacturer in Brazil. Volkswagen Brazil constitutes 9.5% of the Volkswagen Group and has been a pioneer in developing alternative fuel vehicles in addition to gasoline-powered cars, trucks and buses.

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.

# # #

Trademarks are the property of their owners.

For further information about Volkswagen Brazil, please contact:

Press Office, Volkswagen Brazil
0800 019 5775 (inside Brazil),
rastreador@volkswagen.com.br

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

Investor Relations Contact:
R. Joe Dhami / Pacific Orca Capital
(+1) 877-811-4518 ext. 236, jdhami@shawcable.com


The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this release.

<< Back


 
 
 
 

Copyright © 2008 WebTech Wireless Inc. All rights reserved  |  Privacy Policy