December 14 , 2006 - W ebTech Wireless Reports 2007 First Quarter Results

BURNABY, BC – December 14, 2006 – WebTech Wireless Inc. (TSX-V:WEW), a leading supplier of mobile telematics, today reported revenue of $3.9 million for the first quarter ended October 31, 2006, representing an increase of 53% over revenue for the prior comparable quarter of $2.6 million. Net income for the quarter was $34,000 ($nil per common share) compared with a loss of $331,000 ($0.01 per common share) for the prior comparable quarter. The Company reported a gross profit margin of 49%, consistent with the comparable quarter of 2006.

Historically, the Company’s revenues are subject to seasonality. Revenues for the quarter represented a 22% decrease from revenues of the preceding quarter, which is consistent with the percentage decrease for revenues of the same quarter of the prior year. Despite the seasonality the Company reported profitability, where the first quarter historically has been a loss quarter.

Revenues grew in all geographic segments. Revenues to South America grew by 427% over the comparable quarter as the Company delivered 2,000 locators to its Brazil distributor for installation in Volkswagen passenger vehicles. To date the Company has delivered 16,400 locators of the 20,000 purchase order, which is scheduled for completion by December 31, 2006. The Company continues with its negotiations to provide locators for all Volkswagen passenger vehicles for manufacture and distribution in Brazil, estimated at greater than 400,000 vehicles per annum, and believes its prospects in this market are promising.

During the quarter the Company built its inventory levels, reporting an increase of 67% over inventory levels at the end of the preceding quarter. The Company is preparing for potential orders in North and South America. Expenses increased by 33% over the comparable quarter of the prior year, 46% due to increased research and development activities, 38% due to increase sales and marketing and 11% due to increased administration costs.

At October 31, 2006, the Company reported total assets of $22.5 million and working capital of $19.1 million, up from $22.3 million and $18.8 million respectively at the end of the most recently completed fiscal year.

WebTech Wireless Consolidated Balance Sheet

“Despite the seasonal impact on revenues for our first quarter and a general increase in expenses as we continue to grow our infrastructure, we were able to achieve modest profitability”, comments Juliet Jones, Chief Financial Officer of WebTech Wireless Inc. “We significantly built our inventory levels during the quarter in anticipation of several large opportunities that will require this additional capacity and infrastructure.”

The Company announces that it will hold a conference call on December 14, 2006 at 5:00 PM Eastern Time and that a recording of the conference call will be posted on the Company’s website at www.webtechwireless.com within 24 hours of the call. Interested parties may participate in the call by dialing 1-800-633-8761 or 416-641-6702 (international callers). The financial statements and management’s discussion and analysis will be posted on the Company’s website prior to the conference call. Further information on the Company may also be viewed at www.sedar.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 be realized.

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For further information on WebTech Wireless, please contact:

Press / Media Contact:
Daniela Balenovic
604.628.1187
dbalenovic@webtechwireless.com

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

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