Law Offices of Howard G. Smith Announces Investigation of Global Traffic Networks Inc.

Law Offices of Howard G. Smith announces that it is investigating potential claims against the Board of Directors of Global Traffic Networks Inc. (“Global Traffic” or the “Company”) GNET related to the proposed acquisition of the Company by an affiliate of the private equity firm GTCR, LLC. The transaction is valued at approximately $266.7 million or $14 per share.

The investigation concerns whether the Board of Directors of Global Traffic breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price has skyrocketed from $4.80 on September 23, 2011 to $13.65 on May 3, 2011. Further, at least one analyst has set a target price for the Company's stock at $16.00.

If you are a shareholder of Global Traffic, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.