WebTech Wireless Reports Loss for the Nine Months Ended September 30, 2009

VANCOUVER, BRITISH COLUMBIA, Nov 12 (MARKET WIRE) --
WebTech Wireless Inc. (TSX: WEW), a leading supplier of vehicle
location-based and fleet telematics services, today reported revenue of
US $4.5 million for the three month fiscal quarter ended September 30,
2009, and US$16.1 million for the nine months then ended. Delays in
customers' projects and the negative impact of a weakening US dollar
resulted in a 37% decrease in revenue over the prior year's comparable
quarter and 10% on a comparable year to date (YTD) basis.

The Company is reporting a Net Loss of $2.0 million (3 cents per share)
for the quarter and a Net Loss of $2.1 million for the nine months YTD (4
cents per share).

The Company is reporting Total Comprehensive Income of $356,000 for the
nine months ended September 30, 2009 after accounting for a foreign
exchange gain of $2.4 million resulting from its adoption of the US
dollar as its reporting currency. Comprehensive Income is a GAAP measure
which is not considered when reporting Earnings per Share.

WebTech Wireless is comparing its results for the quarter ended September
30, 2009 to its results for the quarter ended October 31, 2008 as it
changed its fiscal year end from July 31 to December 31, and October 31,
2008 represents the nearest prior year reporting date to September 30.
When the Company reports its results for the 12 months ended December 31,
2009, those results will be compared to the Company's results for the 12
months ended July 31, 2008, its last full fiscal year before its change
in year end.

Revenues at $4.5 million were reflected in our traditional sales in the
Government and Transportation verticals. Seasonal slowdown and delays in
negotiating contracts with large customers in the US and Mexico
contributed to our decline in revenue for this Quarter.

Profit margins at 59% for the quarter and YTD are above target and
historical levels, due to continuing economies of scale, the effect of
high margin recurring revenue being a higher than normal percentage of
total sales, and a one-time contribution from a large, high margin
enterprise license sale earlier in the year.

Expenses for the quarter of $3.8 million were approximately 14% below
prior year, and YTD expense of $10.8 million are approximately 19% below
prior year, despite increased spending on litigation and expenses
indirectly related to the Company's recent acquisition of Grey Island
Systems Inc.

Net loss for the three months was $2.0 million which includes several
large one-time cash and non-cash charges such as a loss on the sale of
its long term investment in MAV II notes, legal fees related to ongoing
litigation, and a foreign exchange loss on operations related to
continuing weakening of the US dollar. Combined these items account for
approximately $1.5 million in expenses. For the nine months, the Company
is reporting a net loss of $2.1 million.

As of September 30, 2009, the Company is reporting total assets of $21
million (December 31, 2008: $20.7 million) and working capital of $17.2
million (December 31, 2008: $13.9 million) primarily due to an increase
in cash on hand.

"We are obviously disappointed to be reporting a slowdown in revenue
growth - due primarily to delayed projects from major customers in the US
and Mexico. We're pleased, however, that gross margins and our cost
control measures continue to provide benefits," said Scott Edmonds,
WebTech Wireless' CFO.

A reminder that the Financial Results Conference Call will be held today,
November 12th, at 5:00 pm Eastern Time (2:00 pm Pacific Time). Interested
parties may participate in the call by dialing 1-800-915-4217 or (212)
231-2900 (for international callers). The conference call will be
archived on the Company's website at: www.webtechwireless.com.

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
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.

Trademarks are the property of their owners.

WEBTECH WIRELESS INC.
CONSOLIDATED BALANCE SHEET
(Amounts in thousands of USD)
(Unaudited)

30-Sep-09 31-Dec-08
---------------------

ASSETS

Current
Cash and cash equivalents $ 4,853 $ 3,176
Accounts receivable, net of allowance 6,282 6,344
Inventory, net of allowance 7,714 7,046
Prepaid expenses and deposits 601 369
---------------------
19,450 16,935

Property and equipment (Note 7) 1,335 1,326
Long term investments (Note 8) - 2,450
Deferred Charges 197 -
---------------------

$ 20,982 $ 20,711
---------------------
---------------------

LIABILITIES

Current
Bank indebtedness $ - $ 817
Accounts payable and accrued liabilities 1,820 1,626
Current portion of deferred revenue 410 559
---------------------
2,230 3,002

Long term
Deferred lease inducement 742 524
Deferred revenue 230 224
---------------------
972 748

3,202 3,750
---------------------

SHAREHOLDERS' EQUITY

Share Capital (Note 9) 57,010 56,819
Contributed Surplus (Note 10) 3,947 3,675
Retained Deficit (39,171) (37,105)
Accumulated Other Comprehensive Income (4,006) (6,428)
---------------------

Total Shareholders' Equity 17,780 16,961
---------------------
$ 20,982 $ 20,711
---------------------
---------------------

Commitments (Note 12)

APPROVED BY THE DIRECTORS:

"Signed" "Signed"
------------------------- -------------------------
Anwar Sukkarie Peter W. Roberts

WEBTECH WIRELESS INC.
CONSOLIDATED STATEMENT OF OPERATIONS
(Amounts in thousands of USD except Gross margin and per share amounts)
(Unaudited)

3 months ended 9 months ended
30-Sep-09 31-Oct-08 30-Sep-09 31-Oct-08
------------------------ ------------------------

Revenue $ 4,525 $ 7,133 $ 16,091 $ 17,947

Cost of goods sold 1,855 3,646 6,556 9,288
------------------------ ------------------------

Gross profit 2,670 3,487 9,535 8,659
------------------------ ------------------------

Gross margin 59.00% 48.89% 59.26% 48.25%

Expenses
Sales and marketing 1,447 2,123 4,806 6,109
Research and
development 1,152 1,145 3,222 3,318
General and
administrative 1,037 997 2,372 3,508
Amortization 148 120 400 366
------------------------ ------------------------

3,784 4,385 10,800 13,301

------------------------ ------------------------
Loss before other items (1,114) (898) (1,265) (4,642)

Other items
Interest and
other income 13 25 78 157
Foreign exchange
gain/(loss) on
operations (649) 937 (782) 1,050 Loss
in the fair
value of long term
investments (Note 8) - - - (827)
Gain on
restructuring of
long term
investments (Note 8) - - 166 -
Loss on sale of long
term investments
(Note 8) (263) - (263) -
------------------------ ------------------------
Net profit/(loss) $ (2,013) $ 64 $ (2,066) $ (4,262)
------------------------ ------------------------

Other comprehensive
profit/(loss):
Foreign exchange
gain/(loss) due to
translation into USD
reporting currency 1,490 (3,702) 2,422 (4,941)

------------------------ ------------------------
Total comprehensive
profit/(loss) for
the period $ (523) $ (3,638) $ 356 $ (9,203)
------------------------ ------------------------

Basic and fully
diluted earnings
gain/(loss) per share $ (0.03) $ - $ (0.04) $ (0.07)
Weighted average
shares outstanding
during the year 58,193,788 57,885,269 58,125,539 57,856,820

WEBTECH WIRELESS INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
(Amounts in thousands of USD)
(Unaudited)

3 months ended 9 months ended
30-Sep-09 31-Oct-08 30-Sep-09 31-Oct-08
------------------------ ------------------------

Operating Activities
Net gain/(loss) for
the period $ (2,013) $ 64 $ (2,066) $ (4,262)
Add items not
affecting cash:
Amortization 148 120 397 366
Stock based
compensation 83 325 408 855
Amortization of
leasehold inducement (26) (14) (77) (55)
FX adjustment on
accounts receivable 259 (918) 194 (976)
FX adjustment on
accounts payable (17) 3 (4) 118
Loss in the fair
value of long term
investments - - - 801
Loss on sale of long
term investments 263 - 247 -
------------------------ ------------------------

(1,303) (420) (901) (3,153)
Changes in non-cash
working capital
items related to
operations:
Accounts receivable 754 (3,212) 690 (2,941)
Inventory (138) 36 306 (1,558)
Prepaid expense and
deposits 74 367 (164) 131
Accounts payable and
accrued liabilities (197) 941 (29) (138)
Deferred Revenue (206) 77 (232) 85
Deferred lease
inducement - 45 209 503
------------------------ ------------------------

(1,016) (2,166) (121) (7,071)
------------------------ ------------------------

Financing Activities
Common shares
issued, net of costs 38 32 65 111
Share repurchased - - - (647)
Repayment of bank
line of credit - - (855) -
Repayment of borrowing
against long term
investments (1,558) - (1,462) -
Borrowing - against
long term investments - - 1,462 -
------------------------ ------------------------

(1,520) 32 (790) (536)
------------------------ ------------------------
Investing Activities
Purchase of
capital assets (75) (55) (232) (411)
Increase in long
term investment - - - -
Proceeds from sale
of long term
investments 2,470 - 2,316 -
Deferred Charges -
GIS acquisition (192) - (180) -
------------------------ ------------------------

2,203 (55) 1,904 (411)
------------------------ ------------------------

Effect of changes in
FX rates on cash and
cash equivalents 396 (897) 684 (1,003)

Net increase
(decrease) in cash
during the period 63 (3,086) 1,677 (9,021)

Cash and cash
equivalents,
beginning of period 4,790 7,064 3,176 12,999
------------------------ ------------------------

Cash and cash
equivalents, end of
period $ 4,853 $ 3,978 $ 4,853 $ 3,978
------------------------ ------------------------
------------------------ ------------------------

Cash and cash
equivalents
consist of:
Cash $ 4,853 $ 3,978 $ 4,853 $ 3,978
------------------------ ------------------------
------------------------ ------------------------

Supplemental cash
flow information
Interest paid $ 2 $ 1 $ 17 $ 2
Income taxes paid - - - -

Non-cash Transactions
Transfer of property
under development to
property and
equipment $ - $ 78 $ - $ -

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

Contacts:
WebTech Wireless
Eric Wilson
Press / Media Contact
(+1) 778.386.2712
press@webtechwireless.com

WebTech Wireless
R. Joe Dhami
Investor Relations Contact
(+1) 877.811.4518 ext. 462
ir@webtechwireless.com
www.webtechwireless.com

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