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E-City Software Sells TaxiDispatch License for $500,000
URL(s): www.ecitysoftware.com
SEATTLE--Dec. 14, 2001--E-City Software, Inc. (OTCBB:ECTY) announced today that it had sold its first resale
license of its TaxiDispatch product for $500,000.
The TaxiDispatch product is a mapping software tool that facilitates identification, tracking, dispatch, navigation and electronic transactions
for mobile fleets. The TaxiDispatch application is the first of a number of Dispatch products planned for development over the next 12 to 18
months.
E-City Software has developed a core library of 3D mapping, dispatch and vehicle navigation technologies. The Dispatch products that are
being derived from these technologies have an application across a wide field of vehicle dispatch environments, fleet and mobile asset
management, tracking and navigation.
Anis Jessa, CEO of E-City Software, announced "We have spent considerable effort in research and product development in the
taxi/dispatch/mobile fleet management environment, including methods of integration for wireless tracking and wireless credit card transactions.
This multi billion-dollar market provides one of the most exciting growth areas for E-City products. We would like to also publicly thank Wells
Fargo Merchant Services, First Data Corporation and US Wireless Data for their input in the development of the TaxiDispatch product."
E-City sold a non-exclusive, perpetual, royalty-free license, including the right to sublicense the TaxiDispatch product to Fog City Taxi, Inc.,
a San Francisco based taxi company for $500,000. The resale license is restricted to the eight western states where Fog City has distribution
relationships. We are pleased that Fog City has chosen our product as its dispatch product of choice."
E-City Software, Inc. (OTCBB:ECTY) is a developer of interactive maps for cities around the world. E-City sells its products to customers
on the basis of both annual licensing fees and revenue share arrangements. E-City distributes its products directly to its customers, through
arrangements with strategic partners and through its network of distributors and value added resellers.
For more information about E-City Software or its products, please visit our website at www.ecitysoftware.com.
Information contained in this press release, other than historical information, should be considered forward-looking in nature and is
subject to various risks or uncertainties and assumptions. The risks and uncertainties include, but are not limited to the impact of competitive
products and pricing, product demand and market acceptance, reliance on key strategic alliances, fluctuations in operating results, the potential
unavailability of financing sources and other risks detailed from time to time in the Company's filings with the Securities and Exchange
Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those anticipated, estimated or expected. E-City Software assumes no obligation to update these forward-looking
statements to reflect actual results, changes in assumptions or changes in factors affecting such forward-looking statements. Forward-looking
statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.
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