w-Technologies Continues Latin American Expansion Through Partnership With Peruvian-Based Ameritek.

Business and Technology Editors

LIMA, Peru--(BUSINESS WIRE)--Oct. 25, 2000

IT and Telecommunications System Integrator Joins

w-Technologies' MVP Program as a Reseller

w-Technologies (formerly w-Trade Technologies), a global provider of wireless application software products and mobile business solutions, today announced a reseller partnership with Ameritek, one of the leading systems integrators serving the IT and digital cellular telecommunications markets in Peru, El Salvador, and Guatemala. Through this agreement, Ameritek will provide these regions' financial institutions and their customers access to w-Technologies' wireless financial application products.

"The Latin American mobile commerce market is growing, and organizations and consumers are demanding real-time data and transaction capabilities over wireless devices," said Felipe Rodo, Managing Director at Ameritek. "Joining forces with w-Technologies enables Ameritek to offer the financial community throughout Peru, El Salvador, and Guatemala the ability to manage their finances anytime and on any device."

According to the Tower Group, cellular penetration rates in Latin America will grow from 37.7 million wireless devices in use in 1999 to an estimated 136.5 million wireless devices in 2005.

"w-Technologies is committed to providing proven and powerful mobile business solutions to help accelerate the emerging Latin American wireless market," said Donna R. Oliva, CEO of w-Technologies. "Partnering with Ameritek not only helps us extend mobile commerce opportunities to a wider end-user base, but it also further solidifies w-Technologies' leadership position in the exploding Latin American wireless marketplace."

w-Technologies' multi-device, multi-network patent-pending wireless enterprise architecture and integration framework can support an organization's entire mobile business initiative, providing integration with any existing computing system and application (both "off the shelf" and internally developed). The company's technology platform also supports ongoing integration of the latest wireless technologies, as well as the ability to offer additional applications and features as business needs evolve.

w-Technologies pioneered the wireless application industry two and a half years ago by bringing the first wireless commerce application product to market. Together with companies including Phone.com (Nasdaq: PHCM), 724 Solutions (Nasdaq: SVNX) and Aether Systems (Nasdaq: AETH), w-Technologies today is part of an industry known as mobile commerce, or "m-Commerce."

About Ameritek S.A.

Founded in 1993, Ameritek S.A. has been rapidly expanding its operations by implementing and integrating voice mail systems with digital fax capability, unified messaging systems, and one-way paging systems (capable of expanding to two-way paging service) at the main cellular carriers in Peru, El Salvador and Guatemala. In the last two years, Ameritek has also become one of the leading suppliers of digital and analog cellular phones.

About w-Technologies

Founded in 1997, w-Technologies Inc. introduced mobile commerce to the world when it released the first of its wireless application products more than two years ago. Today, the company continues to set the standard in wireless application development, offering 25 wireless software products in five groups: mobile finance, commerce, enterprise, content and communications.

Headquartered in New York with an international presence in Europe and Latin America, w-Technologies' clients include some of the world's leading organizations. Through its Mobile Vision Partner (MVP) program, the company also has built strategic alliances with many of the leading telecommunications companies, device manufacturers and wireless infrastructure companies.