VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2008) - WebTech Wireless Inc. (TSX:WEW), a leading provider of location-based and fleet Telematics services, has received a purchase order and signed a provisional agreement with Grupo Nacional Provincial S.A.B ("GNP"), one of Mexico's top three insurance companies (MXK:GNP). Under the terms of the agreement GNP has agreed to purchase 5,000 devices as part of a concept program to be rolled out selectively in its home market of Mexico. GNP has also signed a Letter of Intent with WebTech Wireless(TM) under which, if the pilot proves successful, GNP and WebTech Wireless will join efforts to develop and deploy over a three year period a global solution across the more than 1.3 million insured vehicles in GNP's portfolio.
Prolog S.A. de C.V. ("Prolog"), WebTech Wireless' master distributor in Mexico will provide in-country support and logistics services to GNP.
GNP will be using the WebTech Wireless devices to provide prevention, provision, administration, and assistance and location services for its automotive and fleet policy holders. As part of this nationwide initiative, GNP will also utilize WebTech Wireless' leading Quadrant(TM) software as a private 'white' label application. This end-to-end solution will enable GNP's call center, customer service and security staff to proactively monitor personal automotive and fleet vehicles, providing Mexican families and industries end-to-end provision and protection services to reduce instances of theft and efficiently retrieve stolen vehicles.
"We are thrilled to have been chosen by GNP, one of Mexico's largest and best managed companies, after a review and selection process which involved more than 45 companies in our industry from around the world. This order together with the possible sale of more than 5,000 Locator units to a different customer announced on January 23, 2008 which we are continuing to work on, signals continuing widespread market acceptance of our products and confidence in our ability to deliver large scale projects," said Anwar Sukkarie, President and CEO of WebTech Wireless. "We would especially like to thank our distribution partner in Mexico, Prolog, and of course GNP for showing such confidence in our hardware and software solutions."
Juan Avila, the Executive Chairman and Chief Technology Officer at Prolog commented, "We have met with many insurance organizations in Mexico and GNP is clearly recognized as the market leader; with that in mind, they were our primary partner of choice and we are honored to be delivering one of the largest telematics insurance agreements to date."
Edward Kulperger, Director of WebTech Wireless' Personal Automotive and OEM business units added, "The insurance industry is a natural channel to deliver this type of solution to the market. The selection of WebTech Wireless validates our global consumer automotive strategy; further, we have many other opportunities in the insurance, vehicle manufacturing and leasing arenas that are well under way and we hope to announce other large agreements in the future."
WebTech Wireless will be holding a conference call on Wednesday March 5, 2008 at 9:00am Eastern Time (6:00 am Pacific Time) to discuss this opportunity in detail. Interested parties may participate in the call by dialing 1-800-940-2599 (Toll-free North America) or 1-212-231-2908.
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.
About Grupo Nacional S.A.
Grupo Nacional Provincial S.A. (MXK:GNP) is the largest insurance company in Mexico and is active in the administration of life insurance, emergency health coverage, health insurance, general vehicle insurance, financial and credit insurance, insurance of agricultural land and animals, maritime transportation insurance and insurance from natural disasters. The Company runs some of its operations through divisional subsidiary companies. Its subsidiary, Medica Integral GNP, specializes in the provision of health services and health insurance. GNP Pensiones S.A. de C.V. is a subsidiary engaged in the acquisition, administration and promotion of retirement funds and investment companies, in particular Profuturo GNP y Aseguradora Porvenir GNP. The Company also holds a stake in Arrendadora Valmex, S.A. de C.V., a financial insurer, and a stake in Credito Afianzador, S.A., a credit insurer. The Company is headquartered in Mexico City and has strategic offices in Mexico's major cities. www.GNP.com.mx
About Prolog S.A. de C.V.
Prolog S.A. de C.V. is a Logistics Consulting and Systems Integrator Company with 15 years of experience in the Mexican market, and offices in Mexico and Spain providing coverage to southern U.S.A., Spain, Mexico, and Central America. The type of Logistics that Prolog specializes in is Physical management of materials (Supply Chain Execution), Re-engineering of logistics processes, Supply Chain Control (SCC), Maintenance process Applied systems, Process Reengineering, Design of Distribution Centers and Warehouses, and Systemize / Atomize Logistics processes; the experience in the latter processes have delivered projects as a turnkey solution to its clients throughout time providing them with the right solution to their needs. For more information, please visit www.prolog.com.mx.
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. Although GNP has committed to buy the number of Locator Units described above, whether or not GNP purchases any Locator units beyond the initial order will depend on a number of factors including GNP's assessment of the efficacy of the program, the continuation of the government of Mexico's requirement to install locators in every vehicle sold, the absence of competitive products that are superior in terms of either cost or functionality as well as a number of other factors which are beyond the Company's control. 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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FOR FURTHER INFORMATION PLEASE CONTACT:
WebTech Wireless Inc.
Press / Media Contact
WebTech Wireless Inc.
R. Joe Dhami
Investor Relations Contact
1-877-811-4518 ext. 236
Prolog S.A. de C.V.