Tranzeo Wireless Technologies Inc. Announces Update to Filing Delay of Audited Financial Statements

Tranzeo Wireless Technologies Inc. (TSX VENTURE:TZT) ("Tranzeo" or the
"Company") announced on March 30, 2012 that its audited financial statements,
management discussion and analysis and annual information form for the financial
year ended December 31, 2011 and related CEO and CFO certifications (the
"Required Documents") would not be filed on the prescribed date required under
Canadian securities regulations. As a TSXV listed entity, the Company would
otherwise have 120 days following year end to file, however, the Company was a
TSX listed entity at December 31, 2011 and is required to file according to the
rules applicable to issuers listed on that exchange. At the time, the Company
indicated that it intended to have statements filed by April 12, 2012. An
additional filing delay is necessary in order to complete the testing procedures
required by the auditors, Dale, Matheson, Carr-Hilton, Labonte LLP, on the
Company's fixed assets as a result of the new impairment testing requirements
under International Financial Reporting Standards. Management has been working
to provide the support for the valuation of the fixed assets and to provide
reports to the auditors in order to enable the auditors to finalize their
testing procedures. Currently, Tranzeo expects that such review will be
completed by April 20, 2012, and that the Required Documents will be filed at
that time. 


About Tranzeo

Tranzeo Wireless Technologies Inc. (TSX VENTURE:TZT) leads the wireless
broadband industry as a premier manufacturer of high-performance wireless
network equipment that allows communities and businesses to communicate without
boundaries. Tranzeo's full spectrum of point-to-point and point-to-multipoint
radios, WiMAX equipment, and mesh network solutions are designed for wireless
internet service providers, governments, campuses, military, carriers,
enterprise customers, and systems integrators around the globe. Headquartered in
British Columbia, Canada, Tranzeo also has an office in San Diego, California.
Visit www.tranzeo.com or phone [phone] for more information.


Forward Looking Information

This news release contains certain statements that constitute forward-looking
information within the meaning of applicable securities laws ("forward-looking
statements"). Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of Tranzeo to differ materially from the anticipated results,
performance or achievements expressed or implied by such forward-looking
statements. Forward-looking statements in this press release include, but are
not limited to, the Company's expectation with respect to applying to the
applicable securities regulatory authorities for a management cease trade order,
the expected time for filing of the Company's Required Documents and the
imposition of a cease trade order by applicable securities regulatory
authorities. Forward-looking statements may also include, without limitation,
any statement relating to future events, conditions or circumstances.


The forward-looking statements are subject to risks, uncertainties and other
factors that could cause actual results or events to differ materially from
current expectations including, but not limited to, the risks detailed from time
to time in Tranzeo's filings with Canadian provincial securities regulators.
Also, with respect to the statements regarding the expected filing of the
Required Documents, such statements are subject to the risk that the remediation
steps may take longer than expected.


Tranzeo cautions you not to place undue reliance upon any such forward-looking
statements, which speak only as of the date they are made. Forward-looking
statements are based on management's current plans, estimates, projections,
beliefs and opinions, and Tranzeo does not undertake any obligation to update
forward-looking statements should assumptions related to these plans, estimates,
projections, beliefs and opinions change.


Tranzeo and the Tranzeo logo are registered trademarks of Tranzeo Wireless
Technologies Inc.