Wireless Matrix Issued Certificate of Intent to Dissolve

SEATTLE, WA, March 25, 2013 /CNW/ - Wireless Matrix Corporation (NEX: WRX.H) (the "Company") announces that pursuant to section 211 of the Canada Business Corporations Act (the "CBCA"), a Certificate of Intent to Dissolve dated March 21, 2013 has been issued to the Company by the Director under the CBCA. The Company has ceased to carry on business except to the extent necessary for its liquidation.  After adequately providing for the payment and discharge of all of its obligations, the Company intends to distribute its remaining property to its shareholders in accordance with the CBCA, following which the Company intends to make an application to the Director under the CBCA for a Certificate of Dissolution. Further details regarding the liquidation and dissolution process will be provided to shareholders in due course.

Forward Looking Statements

General information regarding the Company set forth in this document, including management's assessment of the Company's future plans as regards the liquidation and dissolution of the Company, contains forward-looking statements that involve substantial known and unknown risks and uncertainties, some of which are beyond the Company's and management's control, including, but not limited to, the ability of the Company to proceed on a timely basis with the settlement of its obligations and liabilities. The Company's actual results, performance or achievement could differ materially from those expressed in or implied by these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated to occur or transpire from the forward-looking statements will provide any benefits to the Company. All data presented herein should be read in conjunction with the Company's regulatory filings with the appropriate Securities Commissions and on SEDAR, which filings also disclose further risks and uncertainties pertaining to the Company. These filings, including the Company's most recent Annual Information Form and the Company's Management Proxy Circular dated January 24, 2013, are located under the Company's profile at www.sedar.com.

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

SOURCE: Wireless Matrix Corporation

Investor Relations

Richard Myers
Wireless Matrix
206-858-6322
[email protected] 

Craig Armitage
The Equicom Group
416-815-0700 ext 278
[email protected]