SignalSoft Expands Worldwide Sales and Marketing Force Due to Growing Demand for Location-Based Services.

Business Editors/High-Tech Writers

BOULDER, Colo.--(BUSINESS WIRE)--March 7, 2001

New Appointments to Support Growth in EMEA,

Asia-Pacific, U.S.A., and South America 

SignalSoft Corporation (Nasdaq: SGSF), the platform and applications developer of Wireless Location Services(R), today announced expansion of its sales and management teams worldwide to support the growing global demand for location-based services. With growing opportunities in Europe, Middle East and Africa (EMEA), Asia-Pacific, U.S.A., and South America, SignalSoft has appointed five new executive staff members to lead continued expansion in these regions.

Market research analyst firm The Strategis Group predicts wireless location-based services will see sales in Europe of approximately $82 billion from 2000 to 2005. To support this growth, SignalSoft has made significant changes in the organization. Richard McCammond has been appointed director of channel management, EMEA, and David Pearce has transitioned to director of marketing, EMEA. Both are based out of SignalSoft's London office. McCammond will manage all existing and future reseller and OEM relationships in the EMEA region and has more than 21 years of experience in telecommunications. Previous to SignalSoft, he worked for Octel Communications and Mitel Telecom, where he developed an indirect sales channel for Mitel's pioneering MediaPath Computer Telephony platform. Pearce gained experience with BT Cellnet prior to joining SignalSoft, where he managed BT's entire suite of voice products. Pearce will now be responsible for marketing SignalSoft's Wireless Location Services to the EMEA region, including the Location Manager platform and all four of SignalSoft's location-based applications.

The Strategis Group expects staggering growth in Asia-Pacific region as well, predicting the number of wireless Internet users to reach 216.3 million by 2007, representing a ten-fold increase. To support this growth, SignalSoft appointed Jens Thostrup as director, sales and business development for the Asia-Pacific region. Previous to SignalSoft, Thostrup worked for Singapore-based Dan Net, where he was sales manager for data and financial clearing solutions and services for GSM operators. Thostrup will focus on reaching this growing Asia-Pacific market through SignalSoft's reseller partnerships.

Chuck Cone accepts a new role at SignalSoft's U.S. headquarters as worldwide director of sales engineering. In this position Cone will manage global customer support and will develop strategies for SignalSoft's integration with network operators and partners. He joined SignalSoft in 1996 with extensive application sales experience gained at SCC Communications, which provides 911 systems to telecommunications and public safety agencies. Prior to joining SCC Communications, Cone was the director of product management, Digital Mapping Products Division, for Thomas Brothers Maps, which provides geographic information solutions to telecommunications companies, government agencies and commercial map users.

As SignalSoft's new South American regional sales manager, Eduardo Olmos will lead SignalSoft's South American business development, marketing and technical support initiatives. Before joining SignalSoft, Olmos managed DMC Straitex Networks' VAR program for all of Brazil.

"Our new appointments bring more than 66 years of telecommunications experience to SignalSoft," said David Hose, president and CEO of SignalSoft. "They have seen the telecomm industry evolve into one of the most powerful and profitable industries in the world. With that experience comes a wealth of knowledge in terms of what does and does not work in global sales and marketing. We are thrilled to have their combined leadership and knowledge behind our Wireless Location Services marketing efforts."

SignalSoft's global expansion reinforces its commitment to providing the best available Wireless Location Services to mobile operators and their subscribers and supports the company's industry leadership position. SignalSoft has focused solely on location-based services since 1995, and currently provides software to wireless carriers serving over 59 million subscribers worldwide.

About SignalSoft Corp.

Founded in 1995, SignalSoft Corp. (Nasdaq: SGSF) is the developer of Wireless Location Services(R), a software suite that enables location-based wireless services for information, safety, tracking and billing. SignalSoft's operating platform and related applications transform raw location data into revenue sources that help differentiate wireless carriers and build customer loyalty. SignalSoft's technology also helps drive m-commerce (mobile commerce) in the wireless marketplace. Some of the largest U.S. operators, including AT&T Wireless, Cingular, and Sprint PCS, and wireless operators in Europe, such as diAx, Libertel Vodafone, and Orange Switzerland, are SignalSoft customers. SignalSoft has established partnerships with many companies that provide network infrastructure and location technology; and with a broad range of application, content and service providers through its local.info(TM) Alliance program. SignalSoft is based in Boulder, Colo., USA and has offices in Canada, Singapore and the United Kingdom. For more information about SignalSoft and its products, please call 303/381-3000, email [e-mail], or visit the company's Web site at www.signalsoftcorp.com.

Note to Editors: Wireless Location Services(R) is a federally registered trademark of SignalSoft Corporation. All other trademarks are acknowledged.

This press release contains forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, delay in product development, general business conditions in the industry, changes in demand for products, the timing and amount or cancellation of orders and other risks detailed from time to time in SignalSoft's filings with the Securities and Exchange Commission.