DALLAS, Feb. 23, 2021 /PRNewswire/ -- COMSovereign
Holding Corp. (NASDAQ: COMS) ("COMSovereign" or "Company"), a
U.S.-based developer of 4G LTE Advanced and 5G Communication
Systems and Solutions, today announced that it has appointed
Martin R. Wade III as its Chief
Financial Officer and Executive Vice President effective
February 20, 2021. Mr. Wade succeeds
Brian T. Mihelich who is leaving the
Company to pursue other interests including spending more time with
his family. Mr. Mihelich has agreed to support Mr. Wade's
transition into the role of CFO through the end of March 2021.
Mr. Wade has spent 40 years advising senior management and
boards of directors on more than 200 business strategy,
acquisition, divestiture and restructuring projects. Since 2007,
Mr. Wade has been a Partner in Residence with Catalyst Acquisition
Group and currently serves as Chairman and Chief Executive Officer
of Broadcaster, Inc., VITA Mobile Systems, Inc. and Madice.com. He
currently serves on several corporate boards including MNG
Enterprises, Inc., a company that owns media properties such as The
Denver Post, San Jose Mercury News, Orange County Register and the
Boston Herald and Oyster Enterprises Acquisition Corp., a special
purpose acquisition company.
"We welcome Marty to the COMSovereign team at an especially
exciting time for our company following our recent listing on the
Nasdaq Capital Market and the infusion of over $40 million in growth capital from new
institutional investors. Martin's successful track-record as a
critical thinker, business leader and advisor building and
operating businesses for long-term success will be invaluable as we
begin the next phase of our growth plan which includes ramping-up
product production and accelerating the commercialization of our
next-gen wireless technologies," said Dan
Hodges, Chairman and CEO of COMSovereign Holding Corp.
"On behalf of the entire management team, Board of Directors and
myself personally, we wish to thank Brian for all he has
accomplished over the last 19 months. His high-level of commitment,
professionalism, financial and operational leadership has been
critical, in our efforts to build COMSovereign.We wish him much
success in his future endeavors," Hodges concluded. For his part,
Mr. Mihelich offered, "It was a tremendous privilege to work with
and assist COMSovereign achieve all that it has in such a short
period. I am proud of what we accomplished and leave my friends and
peers at COMS with deep gratitude and appreciation."
"COMSovereign has achieved many milestones in a very short
amount of time on its way to building a world-class organization
with market-leading wireless technologies. Its success is a
testament to the talent, hard work and dedication of its employees
and I am honored and excited to contribute to the team as we
execute on the many exciting global opportunities created by
advances in wireless technology and 5G," added Martin Wade.
Mr. Wade's career includes holding senior-level positions with
investment banking firms including Lehman Brothers and Salomon Brothers and he served as National Head
of Investment banking at Price Waterhouse LLP. Mr. Wade is a U.S.
Veteran and holds a B.S. in Business Administration from
West Virginia University and an M.B.A.
in Finance from the University of
For more information about COMSovereign, please visit
www.COMSovereign.com and connect with us on Facebook and
About COMSovereign Holding Corp.
Corp. (Nasdaq: COMS) has assembled a portfolio of communications
technology companies that enhance connectivity across the entire
data transmission spectrum. Through strategic acquisitions and
organic research and development efforts, COMSovereign has become a
U.S.-based communications provider able to provide 4G LTE Advanced
and 5G-NR telecom solutions to network operators and enterprises.
For more information about COMSovereign, please visit
Certain statements in this
press release that are not historical facts are forward-looking
statements that reflect management's current expectations,
assumptions, and estimates of future performance and economic
conditions, and involve risks and uncertainties that could cause
actual results to differ materially from those anticipated by the
statements made herein. Forward-looking statements are generally
identifiable by the use of forward-looking terminology such as
"believe," "expects," "may," "looks to," "will," "should," "plan,"
"intend," "on condition," "target," "see," "potential,"
"estimates," "preliminary," or "anticipates" or the negative
thereof or comparable terminology, or by discussion of strategy or
goals or other future events, circumstances, or effects. Moreover,
forward-looking statements in this release include, but are not
limited to, the impact of the current COVID-19 pandemic, which may
limit access to the Company's facilities, customers, management,
support staff, and professional advisors, and to develop and
deliver advanced voice and data communications systems, demand for
the Company's products and services, economic conditions in the
U.S. and worldwide, and the Company's ability to recruit and retain
management, technical, and sales personnel. Further information
relating to factors that may impact the Company's results and
forward-looking statements are disclosed in the Company's filings
with the SEC. The forward-looking statements contained in this
press release are made as of the date of this press release, and
the Company disclaims any intention or obligation, other than
imposed by law, to update or revise any forward-looking statements,
whether as a result of new information, future events, or
Steve Gersten, Director of Investor
COMSovereign Holding Corp.
External Investor Relations:
Chris Tyson, Executive Vice
MZ Group - MZ North America
Media Relations for COMSovereign Holding Corp.:
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