DAT Datacom Wireless Corp

To the attention of Business and Financial Editors

Datacom Wireless Corporation ("Datacom" or "the Company"), (TSX VENTURE:DAT), a
Canadian leader in the design, development and marketing of mission critical
vehicle fleet management and theft prevention and recovery solutions, today
announced second quarter results for the three-month period ended June 30, 2007.


Second Quarter Highlights:

- Completed $10 million initial public offering;

- Second quarter revenues grew 15.4% to $2.05 million compared to the same
period last year;


- Recurring revenues increased 18.3% year-over-year, representing 38.7% of total
revenues;


- New customer acquisitions:

 - 38 new Mobicom customers (commercial market)

 - 756 new Mobilus customers (consumer market)

 - 2,910 new Mobiguard customers (consumer market)

- Installation of 10,000th Mobiguard occurred this quarter;

- In June 2007, a total of 325 Mobilus units were sold and installed, which
represents the largest number of units for a single month to date;


- Announcement of the first strategic acquisition of Vigil Locating Systems
Corporation for a total consideration up to $1.0 million, including two hundred
seventy-five thousand dollars ($275,000) in cash and approximately seven hundred
twenty-five thousand dollars ($725,000) of assumed liabilities. This transaction
will immediately contribute $75,000 in monthly recurring revenues which
represents 29% of the current average monthly recurring revenue of Datacom. It
is subject to meeting all closing conditions including approval by Vigil
Locating Systems's shareholders and the regulatory authorities, and is expected
to close on or before August 31, 2007.


For the three-month period ended June 30, 2007, the Company reported revenues of
$2.05 million versus revenues of $1.78 million during the same period last year,
up 15.4%. For the three-month period, net loss amounted to $1.245 million
representing $0.04 per share based on the outstanding number of shares as at
June 30, 2007 or $0.15 per share based on the weighted average number of shares
at that date. This compares with a loss per share of $0.81 for the same period
last year.


For the six-month period ended June 30, 2007, the Company reported revenues of
$3.71 million versus $3.28 million during the same period last year, for a
year-over-year growth of 13.1%. Net loss was $2.3 million versus $1.62 million
for the corresponding period last year.


In the second quarter of 2007, the Company realized significant growth in its
customer base through the addition of 38 new Mobicom commercial customers for a
total of 335 Mobicom units sold, and a total of 3,666 new consumer market
customers.


"We are pleased to have successfully completed Datacom's first full quarter as a
public company," said Pierre Collins President and CEO of Datacom. "Only one
year after introducing our Mobiguard product, we have already reached its
10,000th installation, and in June, we shipped and installed a record number of
Mobilus units. In addition, we look forward to the closing of our first
acquisition, which is strategic for our company and perfectly aligned with our
growth strategy. Also, we expect this acquisition to be accretive to Datacom's
earnings as early as Q1 of the fiscal year 2008."


About Datacom Wireless Corporation:

Founded in 1999, Datacom has grown to become one of the Canadian leaders in the
design, development and marketing of mission critical vehicle fleet management
and theft prevention and recovery solutions. Its products and services use
wireless communications and satellite-based tracking technologies (GPS) and a
state-of-the-art ASP information portal.


Datacom offers a portfolio of products and services for both commercial and
consumer markets. Mobicom(TM) solutions enable fleet managers to view and track,
24-7 and in real-time, their vehicles on a virtual map in addition to generating
valuable internal reporting data. Mobilus(TM) is a theft deterrent, detection
and stolen vehicle recovery system that permits real-time tracking and recovery.
Based on the Internet, this system enables the users to track their vehicles at
all times. Mobiguard(TM) is a stand-alone wireless immobilizer for theft
prevention and possesses a revolutionary technology that immobilizes a vehicle
by disabling the starter circuit when a remote is not activated at the moment of
ignition. For further information, visit www.datacom.com.


Forward-Looking Statements:

This press release includes certain statements that may be deemed
"forward-looking statements". Forward-looking statements are frequently
characterized by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", and other similar words, or statements that certain
events or conditions "may" or "will" occur. All statements in this release,
other than statements of historical facts, that address future events or
developments that the Company expects or anticipates, are forward-looking
statements. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance and actual results or developments may
differ materially from those in forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include market prices and general economic, market or business
conditions. There can be no assurance that forward-looking statements will prove
to be accurate, as results and future events could differ materially from those
anticipated statements. The Company undertakes no obligation to update
forward-looking statements if circumstances or management's estimates or
opinions should change. The reader is cautioned not to place undue reliance on
forward-looking statements.


All trademarks and brands mentioned in this release are the property of their
respective owners.

Datacom Wireless Corp (TSXV:DAT)
Historical Stock Chart
From Jun 2024 to Jul 2024

Datacom Wireless Corp (TSXV:DAT)
Historical Stock Chart
From Jul 2023 to Jul 2024