2014-02-14 00:05:25 -
Toronto, Ontario, Canada, February 13, 2014 /FSC/ - Wi2Wi Inc. (YTY - TSX Venture"Wi2Wi" or the "Company") is pleased to announce the appointment of Daniel Phelan to the Company's Board of Directors.
"Mr. Phelan's experience in capital markets makes him an excellent addition to Wi2Wi's Board. We look forward to drawing upon Mr. Phelan's international markets expertise as we continue to enhance Wi2Wi's business development strategy and expand within Wi2Wi's focused growth markets. We are excited to have Mr. Phelan join our Board and expect Mr. Phelan's addition to further promote our goal of creating value for our shareholders," 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. 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. The Wi2Wi product range is designed for long life and under a wide range of temperature variables.
For further information, please contact:
Dr. Reza Ahy
Chief Executive Officer
DISCLAIMERS: Forward-Looking Statements: This 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 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).
Forward-looking statements are made based on management's 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.
To view the press release as a PDF, please click on the following link:
Source: Wi2Wi Inc. (YTY:CA TSXV) www.wi2wi.com
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