Vigil Signs an Agreement to Sell all of its Assets to Datacom Wireless Corporation

Market Wire, July, 2007

Vigil Locating Systems Corporation ("Vigil GPS") (TSX VENTURE: VIG) announces today that it signed with its wholly-own subsidiary an agreement to sell all or substantially all of their assets to Datacom Wireless Corporation (TSX VENTURE: DAT) for a maximum purchase price of one million Canadian dollars (CAD$1,000,000), including $ 275 000 payable in cash and approximately $ 725 000 by way of assumption of liabilities. Datacom Wireless Corporation has its activities in the same field of Vigil GPS and will therefore continue the commercial operations of Vigil GPS. The closing is to be announced following the completion of all of the closing conditions.

The President, Chief Executive Officer and Chief Financial Officer, Julien Joly, declares: "the management estimates it to be in the best interest of the shareholders to proceed with this reorganisation plan of the commercial activities of Vigil GPS, due to the unavoidable present context of the business and the market competition in the field of the vehicle location and recovery systems".

The agreement is made at arms length. Furthermore, this agreement is subject to the shareholders' approval and that of the TSX Venture Exchange and other regulatory authorities.

About Vigil Locating Systems Corporation ( www.vigilgps.com )

Vigil GPS specializes in the conception and commercialization of vehicle location and recovery systems by using three well-proven strategies: satellite GPS, cellular communications and Internet access. Vigil GPS has developed the very first interactive telematics solution for vehicles and commercial fleets in the marketplace. Vigil GPS modular systems are capable of instantly detecting and reporting events such as thefts and intrusions. Vehicles equipped with Vigil GPS units can be monitored 24/7. Vigil GPS is recognized by more than 30 insurance companies across Canada.

FORWARD-LOOKING INFORMATION - This press release contains forward-looking statements reflecting Vigil GPS objectives, estimates, expectations and the impact of acquisitions on Vigil GPS's financial performance. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Vigil GPS's projections or expectations.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Vigil Locating Systems Corporation Mr. Julien Joly 514-683-6000 www.vigilgps.com


 

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