WebTech Wireless Wins Appeal in Brazilian Legal Dispute
VANCOUVER, BRITISH COLUMBIA, Jul 10 (MARKET WIRE) --
WebTech Wireless Inc. (TSX: WEW), a leading provider of location-based
and fleet telematics services, announces that the 14th Chamber of the
Minas Gerais State Court of Appeal in Belo Horizonte, Brazil has allowed
WebTech Wireless' appeal of a judgment rendered against it in a case of
business interference filed by its former distributor in Brazil, Crown
Telecom.
"We are obviously pleased to have won this appeal. We have contended all
along that the Crown Telecom claim was without merit and that the lower
court decision was flawed and that it would be overturned on appeal,"
said Scott Edmonds, WebTech Wireless' CFO. "This decision allows us to
focus without distraction on expanding our business presence in Brazil,
an important market for WebTech Wireless. We would like to thank our
lawyers at Barbosa, Mussnich & Aragao for their diligence and assistance
in this matter."
About WebTech Wireless Inc.
WebTech Wireless Inc. (TSX: WEW) is a global telematics and
location-based services provider that develops, manufactures and delivers
end-to-end wireless solutions designed to improve the productivity,
profitability and safety of vehicle fleets. WebTech Wireless products and
services run on GPS and cellular networks and provide Automatic Vehicle
Location, Mapping, Reporting, Vehicle Diagnostics, Driver Status,
In-vehicle Telemetry and Navigation and Messaging. The Company delivers
products and services in over forty-one countries to a variety of small,
medium and Fortune 500 companies, with a particular focus on the
transport, service delivery, government and automotive markets. 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.
Trademarks are the property of their owners.
The Toronto Stock
Exchange does not accept responsibility for the adequacy or accuracy of
this release.
Contacts:
WebTech Wireless Inc.
Eric Wilson
Press and Media
+1 778.370.9609
press@webtechwireless.com
WebTech Wireless Inc.
R. Joe Dhami
Investor Relations
+1 877.811.4518 ext 462
ir@webtechwireless.com
www.webtechwireless.com
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