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Wyless Group. announces £6 million of new contracts

London, 19th February 2007

Wyless Group, the UK Mobile Virtual Data Network Operator today announced strong revenue growth during the second part of 2006.

CEO Paul Smith said that revenues for the eight month period to Nov 30th were 70% higher than for the same period in 2005. The number of connections had doubled in the same period.

Mr Smith added that future growth was underpinned by the signing of new contracts in January for over 125,000 connections with a face value of over £6 million to be rolled out over the next 24 months.

Chairman Michael Jeffries said "Thanks to innovative technology in the M2M industry, revenues are finally beginning to fulfil analysts’ forecasts. As the leader in this business critical environment, Wyless will continue to achieve a large part of this business".

Ends

Contacts
Wyless Group
press@wyless.com

Notes for editors
About Wyless
Wyless Group is a Mobile Virtual Network Operator focused upon mobile solutions for the machine to machine (M2M) market. Its network is based upon GSM, GPRS, 3G, SMS, Low Power Radio, Mesh and Satellite technologies to form the worlds largest, Global and truly ubiquitous network. This includes the provision of Fixed IP addressing available over a public or private network in over 80 countries allowing customers direct access to the dedicated mobile network. Wyless enables organisations and their businesses to turn themselves into Real Time Enterprises by connecting all remote machines to a common network through the provision of wireless connectivity.
Wyless’ headquarters are in West London with offices in Scandinavia , Iberia and USA
For more information about Wyless, please visit www.wyless.com