InsuranceHeadline.com Home Headline Home Searh Insurance Directory Listings by State, City Zip Code or Detailed Keyword Search! Search News  Company Index  Add Your Listings to The Insurance Phone Book! Advertise Manage Insurance Phone Book Directory ListingsEditor Login

Insurance Headlines - Insurance Headlines.com is the premier online news source that insurance & financial professional rely on - making Insurance Headlines.com the top choice for syndicating news on the world wide web.

Headline News | Life & Health | Property & Casualty | Financial & Investments | Banks & Thrifts | Syndicate News

1
Home L&H P&C F&I Post Feeds RSS Search
 

 


 Free Insurance & Financial Headline Newsletters - Subscribe Today!

Choose Newsletters

Daily Headlines

Weekly Headlines

Product Promo's

Job Offers

Enter Your E-mail

Advertising Options

Post Press Releases

Post Insurance Articles

Online Advertising

Newsletter Advertising

Company Sponsors

Resources

Insurance Newsletters

Company News & Stocks

Syndicate News

Sponsor Links

Industry Links

Archive
Su Mo Tu We Th Fr Sa
 1  2  3  4  5  6  7
 8  9  10  11  12  13  14
 15  16  17  18  19  20  21
 22  23  24  25  26  27  28
 29  30  31

1




 

See your advertisement here

WebTech Wireless Expanding Telematics Offerings Available to Major Brazilian Insurance Companies

by Market Wire - Jul 19,2007

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 19, 2007 -- WebTech Wireless Inc. (Toronto:WEW.TO - News), a leading fleet Telematics products and services provider, has agreed with Volkswagen Brazil that the latter will facilitate meetings with major insurance companies in Brazil. The objective of the meetings is to expand the offering of aftermarket Telematics services for anti-theft applications. The meetings will occur over the next several weeks and constitute a first milestone of WebTech Wireless' revised strategy for expanding market share in the Brazilian Personal Automotive Telematics market. This new strategy is based on four goals, namely: appointing an established master distributor for Brazil to replace WebTech Wireless' current distributor; monetizing the more than 80,000 active WebTech Wireless Locators in Brazil; concluding agreements with insurance companies to facilitate the aftermarket Telematics anti-theft service for new subscribers who purchase Volkswagen vehicles in Brazil; and to create sufficient market demand to allow Volkswagen Brazil to recommence assembly line installations of WebTech locators on Volkswagen production lines in Brazil.

"Brazil continues to represent a huge opportunity for WebTech Wireless," said Anwar Sukkarie, President and CEO of WebTech Wireless. "We currently have no commercial agreements with Volkswagen Brazil but there are over 60,000 brand new Volkswagen vehicles with factory installed WebTech Locator units and we are thus very pleased with Volkswagen Brazil's generous gesture to facilitate meetings with major Brazilian insurance companies. We will support our current customers through a feasible migration plan, add new subscribers, and generally execute on creating the demand to justify returning to the assembly line installation process."

"Volkswagen Brazil is assisting an anti-theft program that we launched earlier this year with installations on our assembly lines then modified to become an aftermarket installation," commented an official at Volkswagen Brazil. "We wish WebTech Wireless success in their meetings."

----------------------------------------------------------------------------------

Source: WebTech Wireless Inc.

 

Related news
Liberty Mutual to buy Brazilian insurer by bizjournals.com posted on Oct 11,2007
Volkswagen to launch 'direct' banking operation in Mexico by International-Herald-Trib posted on Oct 25,2007
XM Cancels Deal to Buy Wireless Firm by WashingtonPost.com posted on May 24,2006
Wachovia adds mobile-banking service by Charlotte-Biz-Journal posted on Nov 14,2007
GM To Cut 900 Jobs In U.K. Plant To Boost Productivity, Reduce Cost - Update by TradingMarkets.com posted on May 17,2006
21st Century Auto Insurance Expands into Pennsylvania; Auto Insurer Expanding as More Consumers Bypass Agents and Purchase Directly from Companies by Business-Wire posted on May 24,2006
ACE USA Offers Insurance Protection for U.S.-Based Companies Facing Growing Threat of International Business Exposures; Range of Product Offerings Respond to Unique Global Insurance Needs and Requirements by Business-Wire posted on Aug 08,2006
Major Damage, or Just a Few Dings? Either Way, a Car Accident Can Be a Major Time Drain – But Not Anymore for Hartford Area Drivers by Business-Wire posted on Oct 12,2006
Did you enjoy this article? (total 0 votes)
   

Comments (0 posted) 


Headline Sponsors

Sponsor


Insurance Headlines - Insurance Headlines.com is the premier online news source that insurance & financial professional rely on - making Insurance Headlines.com the top choice for syndicating news on the world wide web.

Copyright© 2005-2007 Insurance Syndication, LLC

Powered by: InsuranceHeadlines.com

Free Link Exchange - Directory - SQL Database Hosting - Insurance PhoneBook

About Us | Privacy Policy | Terms & Conditions | Free Newsletters | Free News Feeds | Advertise | Company Sponsors | Insurance Links | Industry Links