Press Release

July 30, 2008

Wireless Matrix Corporation: Implementation of Shareholder Rights Plan

Reston, VA (Marketwire - July 30, 2008) Wireless Matrix Corporation announced today the implementation of a shareholder rights plan. The rights plan is designed, to the extent possible, to ensure the fair treatment of the Company's shareholders in the event of a take-over bid and to provide the Company's board of directors and its shareholders with adequate time to evaluate any such take-over bid and, if appropriate, to seek alternatives to maximize shareholder value.

The Toronto Stock Exchange has accepted notice of the rights plan subject to, among other conditions, confirmation of the rights plan by the Company's shareholders on September 11, 2008. The Company intends to seek shareholder confirmation of the rights plan at the annual and special meeting of shareholders to be held on September 11, 2008.

The Company's rights plan is similar to those adopted by other Canadian public companies. The rights plan is not intended to prevent take-over bids. As long as a bid is a permitted bid (i.e., a bid that meets certain requirements intended to protect the interests of all shareholders of the Company), the provisions of the rights plan will not be invoked. A bid will be a permitted bid if it is made by way of take-over bid circular, remains open for a minimum of 60 days and otherwise complies with the permitted bid provisions of the rights plan. If a bid is not a permitted bid then the rights plan will generally be invoked by the acquisition of 20% or more of the outstanding common shares of the Company by any person (including persons related to or acting jointly or in concert with such person).

Under the provisions of the rights plan, one right was issued for each common share outstanding as of July 29, 2008. The rights will trade together with the common shares and will not be separable from the common shares or exercisable unless and until a take-over bid is made which is not a permitted bid. The rights will entitle shareholders, other than the person making the take-over bid (and any persons related to or acting jointly or in concert with such person), to purchase additional common shares at a 50% discount to the then prevailing market price.

A copy of the rights plan may be obtained on SEDAR at www.SEDAR.com.

About Wireless Matrix

Wireless Matrix provides enterprise-class wireless data solutions for business-critical mobile and remote asset operations. The Corporation delivers real-time data services across cellular, satellite and WiFi networks; a variety of modems and hardware platforms; and transportation applications that increase productivity and reduce operating expenses with service fleet operations. Wireless Matrix is headquartered in Reston, VA, and has offices in San Francisco, CA, and Burnaby, British Columbia. For more information visit www.wrx-us.com.

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