Wireless Data Solutions and IDA Corporation Agree to a Consolidation/Merger to Design and Build New Products and Software for Automatic Vehicle Status Reporting and GPS Location.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- An Agreement has been signed by the boards of Wireless Data Solutions (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :WDSO), and IDA Ida (ē`dä), city (1990 pop. 91,859), Nagano prefecture, central Honshu, Japan, on the Tenryu River. It is an agricultural market and railway junction. Corporation, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. in Fargo, North Dakota “Fargo” redirects here. For other uses, see Fargo (disambiguation). Fargo is a city in Cass County, North Dakota in the United States. It is the county seat of Cass County, located in the Red River Valley region. , to combine companies. The Agreement caps joint discussions to make both companies stronger within the industries they serve, while increasing market share and providing a competitive advantage in the various fields of producing high technology products such as: VoIP (Voice over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. ) equipment, Digital Remote Control devices used to control two-way radio A voice network that provides an always-on connection enabling the user to just "push the button and talk." Also called "dispatch radio," two-way radio has traditionally been used by police, fire, taxi and other mobile fleets. base station equipment, and Fleet Mobile Data Terminal products with GPS and proprietary software oriented toward fleet vehicle tracking and other fleet related vehicle status reporting operations. The company's Mobile Data Terminals (MDTs) report and announce vehicle information to a dispatch location or central office using real-time wireless networks, and subsequently store all vehicle activity during the course of a workday. Management reports are then available to maximize the efficiency factor in vehicle operations and productivity, therefore providing customers with a compelling competitive advantage in the area served. The final combination of the companies is contingent on WDSO shareholder approval and raising a limited amount of equity funds on or before April 30, 2005. Wireless Data Solutions (WDSO), through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. DINET DINET Defense Industrial Network DINET Defense Information Network , manufactures and sells Mobile Data Terminals with GPS location, providing fleet vehicles with real time status reporting to a central office environment using proprietary dispatching software. The company has an extensive customer base and has been in business since 1987. It has manufactured in excess of 19 thousand Mobile Data Terminals (MDTs) since the business began. WDSO has been instrumentally successful in providing a way that MDTs can operate over a myriad of complex two-way radio systems without recurring monthly charges to truck fleets, specifically Ready Mix Concrete fleets and "for hire transportation" fleets equipped with status reporting capabilities containing proprietary software. Then, with next generation products, transfer of vehicle information will be available over many other digital wireless networks. The Combination of these companies will allow WDSO and IDA to design and build new Mobile Data Terminal products that are completely automated; meaning most GPS and vehicle status inputs will be accomplished without driver intervention. This means GPS location and various vehicle-operating parameters are reported to a dispatcher Software that determines what pending tasks should be done next and assigns the available resources to accomplish it. It may execute other programs or generate a list for human operators to follow. See scheduler. or central office without driver input. Notably, this standard could be applied to many vertical markets where fleet vehicle management is not only important but operating efficiency a crucial ingredient. The combined companies will also continue discussions to employ a patentable vehicle sensor device, which will capture and report many vehicle inputs and send the information either real time, or store the information and then send via existing Wi-Fi networks as the vehicle closes in on its home base of operations Noun 1. base of operations - installation from which a military force initiates operations; "the attack wiped out our forward bases" base air base, air station - a base for military aircraft army base - a large base of operations for an army . IDA Corporation: IDA Corp. has a long-standing, twenty-seven year reputation of designing and building electronic products and equipment for a wide variety of wireless applications used by federal government, State/Local governments, and business entities worldwide. The company just recently finished developing and is selling VoIP (Voice over Internet Protocol) products globally. IDA Corporation employees on site design engineering, and contract manufacturing, and the company has produced many finished goods to such companies as M/A-COM formally General Electric Radio System products, US Navy, Federal Express, NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. and Lockheed. IDA has also developed a Global Tracking Data Center, which captures information relating to automatic GPS tracking called "TRAKIT", which utilizes various wireless networks to transport data. The GTDC GTDC Global Technology Distribution Council is also capable of providing information to various customers' outlets simultaneously via an Internet Based technology or Local Area Network for complete "hands on" monitoring of desired collateral equipment using the TRAKIT system. Globally, IDA Corp. is one of only a few companies providing this service. Combined, WDSO and IDA Corporation will meet objectives through significant R & D programs directed toward fleet vehicle optimization; further developing the company's expertise in providing specialized contract engineering and manufacturing services; building its existing customer base by providing an efficient and easy to use Global Tracking Data Center, which tracks and monitors vehicles nationwide; and, making choices to develop new products and programs designed to build value for its shareholders over the long term. IDA Corp. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Reed Danuser, and WDSO Executive Vice President Robert Chase will lead the new combined company; both have many years of operations and executive management experience in producing results principally in high technology areas. This discussion may include certain "forward looking" statements that reflect our current views with respect to future events and financial performance. Investors should be aware that actual results may differ materially from our expressed expectations because of risks and uncertainties inherent in future events; particularly those risks identified and set forth previously. Factors that could cause or contribute to such differences include, but are not limited to those discussed in this section. Investors should not unduly rely on these forward-looking statements. We undertake no duty to update the information in this discussion if any forward-looking statement later turns out to be inaccurate. |
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