MISSION VIEJO, Calif.,
Dec. 12, 2011 /PRNewswire/
-- 5BARz International Inc. (OTCBB: BARZ),
(Boerse-Berlin: O5B), (www.5BARz.com) (hereafter "5BARz" or the
"Company") is pleased to announce that Mr. George Lauro has agreed to be a Member of the
Advisory Board of the Company. Mr. Lauro is the Co-founder of
Alteon Capital Partners LLC (Alteon), with offices in Cambridge, MA and Silicon Valley.
Mr. Lauro has 25 years of experience as a technology
entrepreneur, operating executive, and venture capitalist. He
has been a member of the Board of Directors of 17 public and
private companies and has been Chairman of board-level
Compensation, Budget and Audit Committees.
Mr. Lauro was Managing Director at Techfarm Ventures, a Silicon
Valley venture-capital firm, and was a Wasserstein Perella Partner
and head of West Coast VC operations. He led and syndicated 15
private equity financing rounds and LBO control deals. As a VC, he
served as Interim CEO, raised over $100M equity financing for portfolio companies,
and was involved in M&A transactions exceeding $1B in combined value. He was VP of Corporate
Development at Acquicor , a publicly traded SPAC that acquired Jazz
Semiconductor in 2007. At IBM, Mr. Lauro was Director of Rapid
Commercialization and ran a team responsible for bringing advanced
technology from IBM central research labs to market. He was
Director of IBM's Wireless IC, Silicon Germanium (SiGe), and RF
BICMOS Businesses. At Motorola, he conceived the world's first
consumer handheld Global Positioning Product (Traxar GPS), invented
new classes of RF transponders, and launched Motorola's businesses
in these sectors. He began his career at MIT/Draper Laboratory designing inertial guidance
systems for missiles and spacecraft. He led the development of
spacecraft guidance systems at Astronautics Corporation. He
attended Brown (BSEE), Wharton (MBA)
and MIT (graduate studies in
Aeronautical Engineering). He holds 23 patents in inertial
guidance, avionics, wireless technologies, and GPS.
Mr. Daniel Bland, President and
CEO of 5BARz International Inc., states "we could not be more
delighted to have George Lauro's
practical working experience and detailed technology capability
brought to the table in commercializing the 5BARz business
opportunity. George's past experience, and hands on operating
style are a welcome addition to our growing team of executives at
5BARz. Mr. Lauro joins fellow Advisory Board member Mr.
Marcello Caputo (CEO of Telefonica
USA) in an advisory capacity, 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 extender for use in the small office, home and
mobile market places. 5BARz™ incorporates a patent-pending
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.