Datacom closes initial public offering


    LAVAL, QC, June 6 /CNW Telbec/ - Datacom Wireless Corporation ("Datacom"
or the "Corporation") (TSX-V: DAT) announced today that its Initial Public
Offering of 11,111,112 Units at a price of $0.90 CDN per Unit has closed. Each
Unit consists of one common share (a "Common Share") in the share capital of
the Corporation and one half Common Share purchase warrant (a "Warrant"). Each
whole Warrant is exercisable at a price of $1.10 CDN per Common Share at any
time up to June 6, 2009. The Common Shares will commence trading today on the
TSX Venture Exchange under the symbol "DAT".
    Raymond James Ltd. led the underwriting syndicate, which included
Canaccord Capital Corporation and Blackmont Capital Inc.
    Datacom has granted to the underwriters an over-allotment option to
purchase up to an additional 1,666,666 Units exercisable, in whole or in part,
for a period of sixty (60) days from today's date.

    About Datacom:

    Founded in 1999, Datacom has grown to become one of the Canadian leaders
in the design, development and marketing of mission critical vehicle fleet
management and theft prevention and recovery solutions. Its products and
services use wireless communications and satellite-based tracking technologies
(GPS) and a state-of-the-art ASP information portal.
    Its Mobicom(TM) solutions enable fleet managers to view and track, 24-7
and in real-time, their vehicles on a virtual map in addition to generating
valuable internal reporting data. Mobilus(TM) is a theft deterrent, detection
and stolen vehicle recovery system that permits real-time tracking and
recovery. Based on the Internet, this system enables the users to track their
vehicles at all times. Mobiguard(TM) is a stand-alone wireless immobilizer for
theft prevention and possesses a revolutionary technology that immobilizes a
vehicle by disabling the starter circuit when a remote is not activated at the
moment of ignition. For further information, visit

For further information:

For further information: Lyne Barbeau, Director, Marketing and
Communications, (450) 681-6667, ext. 2500,; Marc
Bouchard, Vice-President, Finance and Administration, (450) 681-6667, ext.

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890