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MDSI Mobile Data Solutions Inc. Announces Shares Listed On Nasdaq - U.S. Initial Public Offering

RICHMOND, B.C., Nov. 26 /PRNewswire/ -- MDSI Mobile Data Solutions Inc. (Nasdaq: MDSIF; TSE, ME: MMD) announced today that it is making an initial public offering in the United States of 1,500,000 common shares at US$14.875 per share. Of this total, 1,370,000 shares were sold by MDSI and 130,000 shares were sold by certain selling shareholders. The Company will not receive any proceeds from the sale of the Common Shares being sold by the selling shareholders. The managing underwriters for the offering were UBS Securities LLC and Unterberg Harris LLC.

The Company's common shares were listed and commenced trading on the Nasdaq stock market effective as of today under the trading symbol "MDSIF."

MDSI develops, markets, implements and supports mobile workforce management solutions for use in the field service and delivery industries. The Company's products include market-specific applications, wireless connectivity software and related network and mobile computing equipment. MDSI's products are used by a variety of companies with substantial mobile workforces, such as utility and telecommunications companies, taxi services and couriers.

Copies of the prospectus relating to this offering may be obtained from:
 UBS Securities Equities Syndicate Unterberg Harris Equities Syndicate
 299 Park Ave. 275 Battery Street, 29th Floor
 New York, NY 10171 San Francisco, CA 94111
 Ph: 212-821-4167 Ph: 800-622-8448/800-538-7003

SOURCE MDSI Mobile Data Solutions Inc.
 -0- 11/26/96

/CONTACT: Nancy McLeod, Investor Relations, 604-270-9939; or shareholders' line: 800-665-4789/


CO: MDSI Mobile Data Solutions Inc. ST: British Columbia IN: CPR SU:

KL-SS -- LATU023 -- 4046 11/26/96 03:00 EST
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Publication:PR Newswire
Date:Nov 26, 1996
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