Wireless Data Solutions Completes Due Diligence for Acquisition Poised For Growth

    /24-7PressRelease/ - ST. CLOUD, MN, January 27, 2006 - Wireless Data Solutions, Inc. (ticker: WDSO) http://www.wdso.net, headquartered in St. Cloud, MN and Zepco Sales and Service, Inc., http://www.zepco.com, a privately held company headquartered in Richardson, Texas announced that they have satisfactorily completed the due diligence for the WDS acquisition of Zepco, and have jointly signed a Letter of Intent.

Pat Makovec Chairman of WDS stated that, "This marks the implementation of the second step of our aggressive growth strategy. The first step was our merger agreement with the IDA Corporation http://www.idaco.com, a privately held company in Fargo, North Dakota. Separately, IDA and Zepco's operating performance have significant growth opportunities. Rolling them into WDS and infusing growth capital provides WDS with average 44 percent projected three year revenue growth and an average after tax profit projection of approximately 20 percent."

Presently WDSO has one subsidiary Distributed Networks Inc. (aka DINET), headquartered in Oceanside, CA. DINET had been a leader in the development and marketing of "ruggedized" mobile wireless data communications for vehicle fleets in the construction Industry via the use of Mobile Data Terminals that eliminated numerous problems inherent with standard two-way radio systems.

Zepco, Inc. (or the "Company") incorporated in Texas in May 1972, primarily serves the bus fleets of public school districts by providing them with Event Data Recorders (EDR) or "black box" devices for their vehicles.

Discussing the new WDS growth strategies, Makovec emphasized, "Zepco's penetration of the school bus market and the reality that they represent one of only a handful of companies with Event Data Recorders in this market. The school bus market is a high-growth area that is massively underexploited. Research indicates the school bus industry is a $10.5 billion space. Via our (WDS) merger with IDA and the acquisition of Zepco, we have laid a solid foundation to leverage IDA's engineering and manufacturing infrastructure, their dealer network (approximately 3,000 dealers nationwide) and the WDS stock to rapidly exploit the opportunities in this market."

Today, Zepco solutions provide mission critical data for public school transportation managers and private fleet owners in order to manage and track their mobile work force. The EDR recording system provides vehicle activity reports for management including vehicle start time, distance traveled, speed, stop time, length of stop, equipment usage (including brakes and safety equipment) and other features.

IDA designs and manufacturers electronics accessories for the communications industry, and is a world leader in designing and manufacturing Base Station Remote Controllers for two-way wireless radio manufacturers and dealers, federal, state, and local governments, and the business-to-business market.

Reed Danuser, the CEO of IDA stated that, "The acquisition of Zepco, in conjunction with our proposed merger with WDS provides the springboard for new growth opportunities and synergies that we have wanted to pursue for sometime.


Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.

The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward- looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.

Public Relations Contact:
TECHtionary PR Division
Tom Cross - 303-594-3047
[email protected]

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