Datacom Wireless Corporation Announces Grant of Stock Options
08 December 2007 - 8:10AM
Marketwired
LAVAL, QUEBEC (TSX VENTURE: DAT), a Canadian leader in the
design, development and marketing of mission-critical vehicle fleet
management and theft prevention and recovery solutions, announced
today that it has granted a total of 135,687 options to purchase
common shares of the Corporation to its four independent directors.
Each option may be exercised at a price of $0.40 per share and will
expire on November 26, 2017. The options have been granted under
the Corporation's stock option incentive plan, reflecting an
adjustment that takes into account the company's new status as a
publicly traded company, as well as market conditions for
attracting and retaining individuals possessing the necessary
skills and abilities to execute Datacom's growth plans.
About Datacom:
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.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Datacom Wireless Corporation Lyne Barbeau Director of
Communications (450) 781-6002 Email: lbarbeau@datacom.com Website:
www.datacom.com
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