CSI Wireless Inc. Raises Capital

CSI Wireless has successfully raised at least $4.5 million of additional capital to pay down debt and finance future expansion of the GPS and wireless products company.

CALGARY, Alberta, Canada - Nov. 14, 2002 - (TSX:CSY): CSI Wireless Inc., a leading provider of advanced wireless and GPS technologies for the automotive, commercial and consumer markets, is pleased to announce that it has entered into an engagement agreement with a syndicate of investment dealers led by CIBC World Markets Inc. and including National Bank Financial Inc., Acumen Capital Finance Partners Limited and Research Capital Corporation providing for the issuance of a minimum of $4.5 million and a maximum of $8 million worth of units at a price of $1.30 per unit.

Each unit is comprised of one CSI Wireless common share and one-half of one common share purchase warrant ("Warrant"). Each full Warrant entitles the holder to purchase one additional common share of CSI Wireless at $1.80 per share for a period of 15 months following the closing date.

CSI Wireless Inc. intends to use the proceeds to pay down debt and for working capital purposes to fund the general growth of its business.

"We are entering a period of very high growth potential for the Company," stated Stephen Verhoeff, President & CEO of CSI Wireless. "Recent product launches and partnership announcements have spurred exciting new opportunities for CSI Wireless. This new working capital allows us to better pursue this larger business and manage anticipated growth rates."

Closing of the private placement is expected to take place on or about November 21, 2002 and is subject to regulatory approval.

"I am pleased with the increased level of interest and support we have been receiving from the investment community," Mr. Verhoeff added. "I am very excited about our prospects for the coming year and am intent on providing an attractive return on investment for our new and current shareholders."

About CSI Wireless

With offices in Calgary, Silicon Valley, and Phoenix, CSI Wireless (TSE:CSY) designs and manufactures innovative, cost-effective, wireless and GPS products for mobile and fixed applications in the agriculture, marine, automotive and other markets. Through the integration of GPS and wireless, CSI has begun serving several emerging high-growth markets including Fleet Management, Asset Tracking, Telematics and Mobile Computing applications. The Company owns several patents and intellectual property relating to wireless and GPS technologies. CSI Wireless has licensed its cellular technology to GPS, cellular handset, and chipset manufacturers. The Company's common shares trade on The Toronto Stock Exchange under the trading symbol "CSY", with approximately 19.1 million outstanding. For online information about CSI Wireless, go to www.csi-wireless.com

For further information:
- Stephen Verhoeff, President & CEO, CSI Wireless Inc., (403) 259-3311, sverhoeff@csi-wireless.com
- Cory Pala, Investor Relations, E-vestor Communications