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The term virtual telematics exchange probably had not been within the vocabulary of most business 10, 20 and 30 years ago. With technological advancements such as the internet and the rapid growth in mobile communications usage, the concept of a virtual telematics exchange is now prosperous feasible. In fact, through the heightened awareness of the many advantages of virtual IT Telematics Open Exchange as well as the high level of services provided, many small and medium business owners have become more open in considering virtual telematics as their virtual operations office base.