MISSION VIEJO, Calif.,
March 6, 2012 /PRNewswire/ -- 5BARz
International Inc. (OTCBB: BARZ), (Boerse-Berlin: O5B),
(www.5BARz.com) (hereafter "5BARz" or the "Company") is pleased to
announce that Mr. Finis Conner, one of the original founders of
Seagate Technology, Inc., has joined the Advisory Board of 5Barz
International Inc., effective immediately.
For his entire career Finis Conner has correctly identified and
executed winning trends in the lightning fast technology
industry.
Conner's experience in selling, designing and manufacturing hard
disk drives played a major role in creating the multi-trillion
dollar, global technology market that we know today. Mr. Conner has
been pivotal in migrating computing from floor towers, desktops,
laptops and now to your back pocket with smaller devices, higher
capacity and lower costs.
Mr. Conner's career was launched when he co-founded Shugart
Associates in 1973, where they produced and sold 8" floppy and hard
(HDD) disc drives. The company was sold to Xerox Corporation in
1977.
Conner's never ending focus on "new market trends" and what
"customers need" has served him well since then.
In 1979, Conner recognized the trend to smaller computers and
conceived the original 5 1⁄4", 5MB Winchester disc drive which led
to co-founding Seagate Technology. Many computer manufactures at
the time didn't see the need for that much memory but Conner sought
out and later sold Steve Job at
Apple Computer, 95% of his first years production. Today Seagate is
the largest drive company in the world with a $12 Billion market capitalization, 50,000
employees and shipping over 50,000,000 drives per quarter.
In 1986, Conner saw the eventual migration of computers to even
smaller and smaller form factors and developed the 31⁄2" hard
drive. There was little interest at Seagate to develop this drive
at the time, so Mr. Conner set out to start yet another
company.
Conner found an eager partner in Compaq Computer who invested
$35,000,000 in the new Conner
Peripherals and became the launch customer for the 3 1⁄2"
Winchester Drive.
Conner Peripherals was an instant success and became the
fastest-growing company in U.S. history with Conner leading the
growth of the company to $1.4 billion
in sales in only its 4th year and $2.7
billion in its 10th year, when he engineered the sale of the
company to his former company and then rival, Seagate.
Mr. Conner had developed top management teams throughout his
career in multiple disciplines including, sales, marketing,
manufacturing and distribution. Under Conner, both Seagate and
Conner Peripherals built World Class ISO 9001 high tech
manufacturing facilities around the globe, including, California, Singapore, China, Vietnam, Ireland, Scotland and Italy.
Over his career, his companies were responsible for creating in
excess of 160,000 high quality, high paying technology jobs.
Visionary student of market trends, and a leader in developing
market beating companies with unmatched financial performance,
Finis Conner has been an unparalleled leader in the Storage market
and key player in the development of the worldwide computer
market.
"I have been working for years to provide solutions to the very
rapidly growing Mobile markets for communication, content,
financial, ID and security.
"5BARz has a global focus in bringing a unique and important
solution to the mobile communication markets around the world and
this will provide long term value to these markets. I am very
pleased to have an opportunity to participate with the members of
management and a distinguished Advisory Board," stated Mr.
Conner
Mr. Conner is currently the Chairman and Chief Executive
Officer of BluStor, LTD.
Mr. Daniel Bland, President and
CEO of 5BARz International Inc., states, "Since getting involved
with the 5BARz technology, we have maintained close contact with
Finis, as the Company contemplates the logistics of a global
rollout of our cellular network infrastructure products. As
one of the noted executives that help build the global personal
computer industry we are extremely excited to welcome Finis to our
advisory board. His experience and insights are invaluable to
5BARz as we negotiate this opportunity through a global roll-out.
Mr. Conner joins fellow Advisory Board member Mr. Marcello Caputo (CEO of Telefonica USA) and Mr. George
Lauro, as we integrate the 5BARz™ technology into the
wireless marketplace in the Americas and beyond."
About 5BARz International Inc.
5BARz International Inc. holds the exclusive global marketing
and distribution rights and holds a 50% ownership interest in the
technology underlying the 5BARz™ products. 5BARz™ is a
cellular network infrastructure device for use in the small office,
home and mobile market places. 5BARz™ incorporates a patented
technology to create a highly engineered, single-piece, plug 'n
play unit that strengthens weak cellular signals to deliver high
quality signals for voice, data and video reception on cell phones
and other cellular equipped devices. 5BARz™ represents
a key solution for cellular network operators in providing clear,
high quality signal for their subscribers with a growing need for
high quality connectivity.
5BARz International Inc.'s shares are publicly traded on the
OTCBB under the ticker symbol BARZ in the US and on the Berlin
Stock Exchange (www.boerse-berlin.com) under symbol "O5B."
On behalf of the Board of Directors
"Mr. Daniel Bland" CEO &
Director
5BARz International Inc.
Legal Notice Regarding Forward-Looking Statements
The information contained in this release consists of
forward-looking statements within the meaning of Section 27A of the
Securities Act and Section 21E of the Exchange Act. These
statements may involve risks and uncertainties that could cause
actual results to differ materially from those described in such
statements. Such forward -- looking statements involve known and
unknown risks and uncertainties, including all business
uncertainties relating to product development, marketing, market
acceptance, future capital requirements, and competition in general
that may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
The Company is under no obligation to (and expressly disclaims any
such obligation to) update or alter its forward -- looking
statements whether as a result of new information, future events or
otherwise.
Contact:
Parkside Communications Inc.
Phone: 1-877-798-4165
IR@5BARz.com
SOURCE 5BARz International Inc.