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Wyless continues to expand territories, products and revenues

London, 20th November 2007

Wyless Group, the machine to machine (M2M) Global Mobile Network Operator today announced a healthy performance in 2007 and especially strong growth during the second half of the year.

Wyless CEO, Paul Smith, said, “2007 has been a year of solid growth for the company, especially during the last 4 months. Revenues for Q3 showed a 28% increase over Q2 and Q4 is growing even faster, with revenues growing by 50% between July and October. This growth came from our UK and Scandinavian businesses only, so we expect this pattern to continue and strengthen now that our US operations are starting to generate business."

Mr. Smith also explained that both revenue growth and increased gross margins are being accentuated from new product offerings. In addition to narrow band connections for vehicle telematics and tracking, wireless EPOS, metering and security, the company is successfully innovating 3G solutions with connectivity and management of CCTV surveillance and advertising screens as well as a new managed service for customers with existing global parks of remote assets.

Chairman Mike Jeffries added “What differentiates Wyless from other network providers is our global presence and our ability to manage operator networks throughout the world, using our Internet capabilities. Our growing success in the US is a good example of our appeal to companies who need to manage assets on both sides of the Atlantic. During this next year we will be further developing our global solutions to expand our offering in other territories. We are fast becoming the M2M industry standard for the highest levels of global remote asset management across every business sector."