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Webraska awarded

Webraska, the worldwide provider of LBS (Location-Based Services) & Telematics applications and enabling platforms, has announced a record year in 2001, and the successful completion of its merger with AirFlash.

Webraska received more than €17 million in new multi-year customer orders for the calendar year ending December 31, 2001, with over €10 million alone awarded in the fourth calendar quarter of 2001. Revenues are expected to be between €5 and €6 million in fiscal year 2002 (ending March 31, 2002), compared to €3.1 million revenue in fiscal year 2001 (ending March 31, 2001).

Webraska also announced the successful completion of its merger with Silicon Valley-based AirFlash Inc, a significant step in establishing the worldwide leader in LBS applications and enabling platforms.