Siyata Receives Initial Purchase Order for $300K From New Distributor

Press Releases |

TORONTO, ONTARIO--(Jan. 7, 2016) - Siyata Mobile Inc. (the "Company" or "Siyata") (TSX VENTURE:SIM) is pleased to announce that it has partnered with Israeli Push-To-Talk (PTT) distributor iBIZ Technology Corp. ("iBIZ"). Along with iBIZ, Siyata will sell its Voyager device running PTT as well as additional PTT devices to those in the Israel business sector looking for innovative communication devices for their workforces and fleets. The iBIZ opening purchase order is for $300K CAD with additional potential orders in the pipeline for 2016, making this a large-scale new customer for Siyata with significant potential for repeat orders of this magnitude.

Marc Seelenfreund, CEO of Siyata, commented, "We are excited to have opened up this new opportunity to work with iBIZ and believe it can generate substantial sales for Siyata in 2016 and beyond. Israel has traditionally been a strong market for Motorola iDen based PTT but is a virgin market for the cellular based PTT devices that we are offering, which we view as the next generation emerging PTT platform. We are confident that we can capture this large-scale opportunity together with iBIZ in Israel as well as with additional partners globally."

About Siyata

Siyata Mobile Inc. is a leading global developer and provider of a vehicle-mounted communications platform over advanced mobile networks. Siyata's customers include cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the US, Europe, Australia, and the Middle East.

Siyata's "Connected-Vehicle" devices and accessories are specifically designed for professional fleets such as trucks, vans, buses, ambulances, government cars and more. Siyata aims to provide greater mobile connectivity for professional drivers and facilitate replacement of the current in-vehicle, multi device status quo with a single device that incorporates voice, data, and fleet management solutions. Visit www.siyatamobile.com to learn more.

On Behalf of the Board of Directors of:

SIYATA MOBILE INC.

Marc Seelenfreund, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

Contact Information

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Veritas Pharma Inc.

Veritas Pharma Inc, formerly Seashore Organic Medicine Inc is an emerging producer and distributor of medical marijuana.

Private Markets

Wealthfront

Wealthfront is an automated investment service that serves as an alternative to traditional financial advisory services. The company manages a diversified, continually rebalanced portfolio of index funds on their clients’…

D-Wave

D-Wave Systems is the first quantum computing company. Its mission is to integrate new discoveries in physics, engineering, manufacturing, and computer science into breakthrough approaches to computation to help solve…