Wi2Wi Corporation ("Wi2Wi" or the "Company") (TSX-V: YTY) is pleased to
announce the appointment of Daniel Phelan to the Companyís Board of
ďMr. Phelanís experience in capital markets makes him an excellent
addition to Wi2Wiís Board. We look forward to drawing upon Mr. Phelanís
international markets expertise as we continue to enhance Wi2Wiís
business development strategy and expand within Wi2Wiís focused growth
markets. We are excited to have Mr. Phelan join our Board and expect Mr.
Phelanís addition to further promote our goal of creating value for our
shareholders,Ē said Wi2Wi Chairman Dr. Hans Black.
Daniel Phelan is currently an investment advisor at the Madrid-based
consultancy firm, Awareness SL. Mr. Phelan spent five years as portfolio
manager of the Celestium Fund, administered by Swan Capital Management,
focusing on global small and mid-cap equities, and was selected as one
of the top 100 performing European fund managers by Citywire in 2009.
Mr. Phelan has also held several lead roles in business development and
investment research at institutional firms. He holds a bachelors degree
in political science and history from Colorado College.
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. Wi2Wiís 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. The
Wi2Wi product range is designed for long life and under a wide range of
For further information, please contact:
Dr. Reza Ahy
Chief Executive Officer
news release contains certain forward-looking statements, including
statements relating to the closing of the proposed Offering and use of
proceeds 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 delays resulting from or inability to obtain required regulatory
approvals, ability to access sufficient capital, the impact of general
economic conditions in Canada, the United States and overseas, industry
conditions and stock market volatility. 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 therefrom. Readers are cautioned that the foregoing list of
factors is not exhaustive. Additional information on these and other
factors that could affect the Companyís 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).
Forward-looking statements are made based on managementís beliefs,
estimates and opinions on the date the statements are made and the
Company 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.
Dr. Reza Ahy, 1-408-416-4200
Source: Wi2Wi Corporation