News: Portfolio 2005

MOBILITY TECHNOLOGIES CHANGES NAME TO TRAFFIC.COM

New Name Provides Instant Recognition and Leverages Top-Of-Mind URL

Wayne, PA -- March 7, 2005 – Mobility Technologies, Inc., the leading independent provider of real-time traffic solutions, announced today that it has changed its company name to Traffic.com, Inc. The new name leverages the Company's top-of-mind destination URL and reflects a strategic focus on Web, wireless and broadband distribution channels as areas of significant growth for the organization.

 

"We have witnessed tremendous change in our business over the last year," said Robert Verratti, CEO of Traffic.com. "By developing marquee partnerships and innovative products for Internet, in-car assistance and navigation systems, cell phones, PDAs, satellite radio, and television, we have strengthened our position in the industry to capitalize on our momentum and exciting opportunities for growth."