Times Three Wireless Inc. Releases 2012 Financial Statements

Times Three Wireless Inc. (TSX VENTURE:TTW) (the "Company") reports a net loss
of $1,810,000 for the year ended December 31, 2012. The 2012 financial results
were largely related to the Company's operations before the initiation of a new
strategic direction for the Company which commenced on October 17, 2012 with the
appointment of William Middleton as President & CEO. 


Mr. Middleton, who was formerly Senior Vice President and General Counsel at
WiLAN Inc. and also a past General Counsel at MOSAID Technologies Inc., is
leading a new initiative to develop high margin revenue IP licensing programs.
These programs will be based on the Company's existing wireless networking and
intellectual property portfolio, utilizing its fundamental wireless location
technology and patents, including its growing portfolio of recently-filed
patents stemming from its numerous inventions as well as other IP and patent
acquisitions. 


The complete financial statements along with management's discussion and
analysis and the annual information form can be found on the Company's website
(www.timesthree.com) and on SEDAR (www.sedar.com). 


About Times Three 

Times Three, originally founded in 1995 as Cell-Loc Inc., is a technology
innovation and licensing company based in Calgary with offices in Toronto,
Austin and Dallas. It has a long history of innovation and successful product
development in wireless location technologies and continues to build and license
its portfolio of important patents and intellectual property in other areas. The
Company's current portfolio now consists of over 20 issued and pending patents
in the USA and Japan. 


The Company's proprietary narrow band location and telemetry technology has been
successfully implemented and licensed to an operator of a 1500 square kilometer
wireless network in Sao Paolo, Brazil. 


SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: 

Forward-looking statements are typically identified by words such as
"anticipate", "continue", "estimate", "expect", "forecast", "may", "will",
"project", "could", "plan", "intend", "should", "believe", "outlook",
"potential", "target" and similar words suggesting future events or future
performance. In particular, this news release contains, without limitation,
forward-looking statements pertaining to growth of the Company's IP and patent
licensing programs. With respect to forward-looking statements contained in this
news release, Times Three has made assumptions regarding, among other things,
the adoption of the Company's technology and the technology underlying other
patents acquired by the Company. Although Times Three believes that the
expectations reflected in the forward-looking statements contained in this news
release, and the assumptions on which such forward-looking statements are made,
are reasonable, there can be no assurance that such expectations will prove to
be correct. Readers are cautioned not to place undue reliance on forward-looking
statements included in this news release, as there can be no assurance that the
plans, intentions or expectations upon which the forward-looking statements are
based will occur. By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties that contribute to the
possibility that the predictions, forecasts, projections and other
forward-looking statements will not occur, which may cause Times Three's actual
performance and financial results in future periods to differ materially from
any estimates or projections of future performance or results expressed or
implied by such forward-looking statements. These risks and uncertainties
include, among other things, the other factors described in Times Three's public
filings available in Canada at www.sedar.com. Readers are cautioned that this
list of risk factors should not be construed as exhaustive. 


The forward-looking statements contained in this news release speak only as of
the date of this news release. Except as expressly required by applicable
securities laws, Times Three does not undertake any obligation to publicly
update or revise any forward looking statements, whether as a result of new
information, future events or otherwise. The forward-looking statements
contained in this news release are expressly qualified by this cautionary
statement. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Times Three Wireless Inc.
William Middleton
CEO
613.897.3894
(TSXV:TTW)
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