Wireless Data Solutions Announces Year End Financial Results.

LEESBURG, Fla.--(BUSINESS WIRE)--Jan. 21, 1998--Wireless Data Solutions Inc. (OTC BB:SOLU), announced Wednesday that its audited financial statement for fiscal year end Sept. 30, 1997 shows revenues of $2.4 million compared to $2.1 million the previous year.

Net income for the year was $82,000 or $.01 per share compared to $363,000 or $.04 per share in 1996. These figures are from continuing operations and do not include an extraordinary profit that was reported for fiscal year 1996.

Mike McLaughlin, CEO and President of Wireless Data Solutions said: "The heavier costs of product development in fiscal year 1997 lowered our earnings. We realized our first profitable year in 1994, and we have made a profit every year since even though we have moved ahead with our research program. One of the items that will be introduced shortly is a new high speed microprocessor with more capacity designed for our Data Mate hardware products. We expect new products involving telemetry and Global Positioning Systems (GPS), to be introduced in 1998."

Directors of the company attended a three day GTE conference in Florida last week for the purpose of discussing the future of the wireless industry, and marketing strategies. The emphasis was on the transmission of data which presently represents an average of 3% of total wireless revenues. This is a huge gap that will rapidly begin to close as Cellular Digital Packet Data (CDPD) is deployed, and total solutions for customers are packaged. It is projected that fleet management products requiring custom work, which is the company's expertise, will capture a major market share.

In discussing the GTE meeting McLaughlin said: "GTE presented a plan whereby we could become a wireless reseller, a project we feel is worth reviewing. The reselling of air time concept was the basis for which many long distance telephone companies were formed in the last decade, and many of them were acquired by much larger companies. We are very impressed with the vision of GTE, and we are looking forward to a close working relationship."

The company entered into an agreement with J. Augsback & Associates Inc., a firm that specializes in mergers, acquisitions and financing. As a result of the arrangement the first stage of the company's financing plan has been completed. Second phase financing is in the planning stages.

Wireless Data Solutions Inc. is a hardware/software developer and marketer of digital wireless communication systems and Automatic Vehicle Location (AVL) products with GPS for mobile fleet management. -0-

Statements in this news release about the company's expectations are "forward looking statements" within the meaning of Sections 27A and 21E of the Securities Act of 1933 and 1934. The company intends that such "forward looking statements" be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties, the results could differ materially from those expected.

CONTACT: ICS Communications, Inc.

David A. Wood, 800/964-8007

or

Wireless Data Solutions, Inc.

Mike McLaughlin, 352/323-1295

http://www.virtualir.com/solu