Wi2Wi Corporation ("Wi2Wi" or the "Company") (TSX-V: YTY)
(Common Shares: 81,544,306) is pleased to announce that it has
promoted Simon Best, previously Sales Director for Europe,
Middle-East and Africa (EMEA), to Vice President of Global Sales.
Mr. Best joined Wi2Wi as Director of Sales, EMEA in 2008 and has
achieved major design wins for Wi2Wi since.
Mr. Best has over 30 years of industry experience in Sales and
Field Support. He has previously worked for Texas Instruments,
Harris, Marconi, SEEQ Technology, Silicon Concepts, and PLX
technology. At those companies, Mr. Best sold communications,
networking, and other semiconductor products for commercial and
military markets. He has substantial experience with distribution
& channel sales, sales management, and value / Solution
selling. Mr. Best holds a B.Sc. in Electrical & Electronic
Engineering from Portsmouth University in UK.
His major design wins to-date include the sales of Wi2Wi WiFi
& WiFi-Bluetooth industrial-class products to the Leader in
Business-Class Car Rentals globally, the Leader in In-Vitro
Diagnostics Medical Devices worldwide, a Major European Vehicle
Manufacturer, and the Leader in Infra-Red Devices worldwide. In his
new capacity Mr. Best will oversee Sales and Field-Applications
Engineering (FAE) for Americas, Asia and rest-of-the world, in
addition to the EMEA.
Dr. Reza Ahy, Chief Executive Officer stated, “Simon is a
seasoned Sales Executive with significant accomplishments at Wi2Wi.
We have been systematically building up a pipeline of quality
customers and industry leaders and Wi2Wi is currently engaged with
over 30 Tier-1 customers worldwide (as part of Wi2Wi's over 200
customers). I applaud our Sales Team and look forward to working
closely with Simon and the rest of our Sales Team to take our
substantial number of our current design Wins/Ins into full
production, winning new designs, and to significantly grow our
revenue in 2014 and beyond.”
Dr. Hans Black, Chairman of Wi2Wi stated, “It is most gratifying
that our marketing and sales efforts have resulted in the placement
of our superior products within some of the best companies and
industry leaders worldwide. Simon has been a major contributor to
these achievements and now will help us take our Sales efforts to
the next level of growth. My congratulations to Simon, and the rest
of the Wi2Wi Sales team.”
Wi2Wi is a leader in industrial-class WiFi, WiFi-Bluetooth and
GPS system-in-a-package (SiPs). Wi2Wi focuses on industrial
(including Automotive), medical, infrastructure (including
smart-home/smart building) and government markets worldwide.
Wi2Wi’s products and value-added services provide highly
integrated, multifunctional wireless sub systems as complete
wireless connectivity solutions for the Machine-to-Machine (M2M)
and portable device applications globally.
For further information, please contact:
Dr. Reza Ahy
Chief Executive Officer
(408) - 416-4200
reza@wi2Wi.com
Forward-Looking Statements: This news release contains certain
forward-looking statements, including management's assessment of
future plans and operations, and the timing thereof, that involve
substantial known and unknown risks and uncertainties, certain of
which are beyond the Company's control. Such risks and
uncertainties include, without limitation, risks associated with
oil and gas exploration, development, exploitation, production,
marketing and transportation, loss of markets, volatility of
commodity prices, currency fluctuations, imprecision of reserve
estimates, environmental risks, competition from other producers,
inability to retain drilling rigs and other services, delays
resulting from or inability to obtain required regulatory approvals
and ability to access sufficient capital from internal and external
sources, the impact of general economic conditions in Canada, the
United States and overseas, industry conditions, changes in laws
and regulations (including the adoption of new environmental laws
and regulations) and changes in how they are interpreted and
enforced, increased competition, the lack of availability of
qualified personnel or management, fluctuations in foreign exchange
or interest rates, stock market volatility and market valuations of
companies with respect to announced transactions and the final
valuations thereof, and obtaining required approvals of regulatory
authorities. The Company's actual results, performance or
achievements could differ materially from those expressed in, or
implied by, these forward-looking statements and, accordingly, no
assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of
them do so, what benefits, including the amount of proceeds, that
the Company will derive there from. Readers are cautioned that the
foregoing list of factors is not exhaustive. Additional information
on these and other factors that could affect the Company’s
operations and financial results are included in reports on file
with Canadian securities regulatory authorities and may be accessed
through the SEDAR website (www.sedar.com).
This news release contains “forward-looking statements” within
the meaning of applicable securities laws relating to, among other
things, the Proposed Transaction. Readers are cautioned not to
place undue reliance on forward-looking statements. Actual results
and developments may differ materially from those contemplated by
these statements. Completion of the Proposed Transaction described
herein is dependent on a number of factors and is subject to a
number of risks and uncertainties, and it is not certain that the
Proposed Transaction will be completed. Factors that could cause
actual results to differ materially include, but are not limited
to, changes in the Company`s or Wi2Wi’s business, general business,
economic and competitive uncertainties and delay or failure to
receive board, shareholder or regulatory approvals.
Forward-looking statements are made based on management’s
beliefs, estimates and opinions on the date the statements are made
and the Corporation undertakes no obligation to update
forward-looking statements and if these beliefs, estimates and
opinions or other circumstances should change, except as required
by applicable law. All subsequent forward-looking statements,
whether written or oral, attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these cautionary statements. Furthermore, the forward-looking
statements contained in this news release are made as at the date
of this news release and the Company does not undertake any
obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by applicable
securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Wi2Wi CorporationDr. Reza Ahy, 408-416-4200Chief Executive
Officerreza@wi2Wi.com
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