NEWS RELEASE TRANSMITTED BY MARKETWIRE
FOR: Digital Dispatch Systems Inc.
TSX SYMBOL: DD
November 15, 2007
Digital Dispatch Signs Major Customer in India
RICHMOND, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2007) - Reinforcing its
commitment to its strategic diversification plan, Digital Dispatch Systems Inc.
(TSX:DD) announces the execution of a Memorandum of Understanding (MOU) with
Mumbai, India based ORIX Auto Infrastructure Services Limited (OAIS), to supply
up to 2,000 Vector 530(TM) mobile data terminals (MDTs) over the next 18
months. OAIS is one of the largest multi-fleet operators in India managing
seven different transportation business units throughout the country. The MDTs
will be deployed by OAIS in its Radio Taxi, Car Rental and Business
Transportation Solutions Units using a third-party software supplier.
"We are pleased to have been selected by OAIS given their strong
leadership in the transportation sector in India. OAIS is a technology leader
and selected Digital Dispatch due to our proven mobile solutions and our long
term commitment to this new market," stated Michael Hryb, Vice President
of Sales, Digital Dispatch. "This strategic partnership with OAIS opens
the door to introducing mobile fleet automation technology to India which is
one of largest markets in the world. This opportunity also leverages our global
expansion momentum experienced during 2007."
"This partnership has the potential of becoming one of the largest
relationships for Digital Dispatch over time and should benefit the Auto
Infrastructure Services in India," said Mr. Neeraj Kumar CEO for OAIS,
which is a joint venture between one of India's leading infrastructure
development and finance companies, Infrastructure Leasing & Financial
Services Limited (IL&FS) and ORIX Corporation of Japan.
"This is indeed a major step for us as it opens the door to the huge
market in India," said Vari Ghai, CEO and President for Digital Dispatch.
"We look forward to expanding to service multiple cities in India and plan
to establish a local support infrastructure to address these opportunities. We
are pursuing additional opportunities in complementary market segments in India
including the transit and trucking sectors and will work with agencies like the
EDC to ensure the security of these future investments."
Digital Dispatch has commenced shipment of its products to OAIS to support the
multi-city roll out of mobile technology to the various business units of OAIS.
ORIX Auto Infrastructure Services Limited
ORIX Auto Infrastructure Services Limited, a joint venture between ORIX
Corporation, Japan, and Infrastructure Leasing and Financial Services Ltd.
(IL&FS), India, specializes in devising solutions that are best in terms of
auto infrastructure innovation and financial feasibility. IL&FS, initially
promoted by the Central Bank of India (CBI), Housing Development Finance
Corporation Limited (HDFC) and Unit Trust of India (UTI), now has a broad
shareholding with induction of State Bank of India, Life Insurance Corporation
of India, ORIX Corporation - Japan, HSBC Group, Government of Singapore and
others. A leading participant in the Indian financial services sector,
IL&FS operates across a wide array of business areas focusing on the
commercialization and development of infrastructure projects in India through
creation of value-added financial services. ORIX Corporation is an integrated
financial service group based in Tokyo, Japan, providing innovative value-added
products and services to both corporate and retail customers. With operations
in 23 countries, its activities include Leasing, Corporate Finance, Real
Estate-Related Finance and Development, Life Insurance and Investment &
Retail Banking. It has an asset base of US$56 billion with its equities listed
on the New York, Tokyo, Nagoya and Osaka Stock/Securities Exchanges.
About Digital Dispatch Systems Inc.
Digital Dispatch Systems Inc. is a worldwide provider of mobile data solutions
for fleet and mobile workforce management. Founded in 1987, we have an
installed base of more than 75,000 wireless mobile data devices and nearly 200
wireless data systems in five continents. We offer products and services to
manage vehicle fleets and mobile workforces, including dispatch software,
wireless communication infrastructure and a range of in-vehicle mobile devices.
Visit www.digital-dispatch.com for more information.
This press release contains statements which, to the extent that they are not
recitations of historical fact, may constitute forward-looking information.
Such forward-looking statements may include the Company's success in
generating future sales and customers in its expansion efforts into
international markets including but not limited to the execution and delivery
of the Company's orders with OASIS, financial and other projections as
well as statements regarding the Company's future plans, market
opportunities, objectives, performance, revenues, growth, profits, operating
expenses or the Company's underlying assumptions. Factors that could cause
actual events or results to differ materially from those suggested by these
forward-looking statements include, but are not limited to: the need to
develop, integrate and deploy applications to meet our customer's
requirements; the possibility of development or deployment difficulties or
delays; the dependence on our customer's satisfaction with Digital
Dispatch Systems' products; the timing of entering into significant
contracts; our customers' continued commitment to the deployment of our
solutions; the risks involved in developing integrated software and hardware
solutions and integrating them with third-party communication and other
services; the performance of the global economy and growth in software industry
sales; market acceptance of the company's products and services; customer
and industry analyst perception of the company and its technology vision and
future prospects; the success of certain business combinations engaged in by
the Company or by competitors; political unrest or acts of war; possible
disruptive effects of organizational or personnel changes; technological
change, new products and standards; risks related to acquisitions and
international expansion; reliance on large customers; concentration of sales;
international operations and sales; management of growth and expansion;
dependence upon key personnel and hiring; reliance on a limited number of
suppliers; industry growth; competition; intellectual property; product defects
and product liability; currency exchange rate risk; concentration of ownership;
and including but not limited to other factors described in Digital Dispatch
Systems' reports filed on Sedar, including its Annual Information Form and
financial report for the year ended December 31, 2006.
In drawing a conclusion or making a forecast or projection set out in the
forward-looking information, the Company takes into account the following
material factors and assumptions in addition to the above factors the
Company's ability to execute on its business plan; the acceptance of the
Company's products and services by its customers; the timing of execution
of outstanding or potential customer contracts by the Company; the sales
opportunities available to the Company; the Company's subjective
assessment of the likelihood of success of a sales lead or opportunity; the
Company's historic ability to generate sales leads or opportunities; and
that sales will be completed at or above the Company's estimated margins.
This list is not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully and readers
should not place undue reliance on such forward-looking information. All
forward-looking statements made in this press release are qualified by this
cautionary statement and there can be no assurance that actual results or
developments anticipated by the Company will be realized. The Company disclaims
any intention or obligation to update or revise forward-looking information,
whether as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Digital Dispatch Systems Inc.
INDUSTRY: Telecom - Cable and Satellite Services, Telecom - Networking,
Telecom - Telecommunication Equipment, Telecom - Telecommunication Services,
Telecom - Wireless/Mobile
-0--0- Nov/15/2007 13:00 GMT
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