[0] Former Glenayre Vice-President Joins Concept Management.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Nov. 28, 2000 Concept Wireless Inc.(CDNX CDNX See Canadian Venture Exchange (CDNX). :CEU CEU Continuing Education Unit CEU Central European University CEU College of Eastern Utah (Price, UT) CEU Centro Escolar University (Manila, Philippines) CEU Centro Escolar University .) (the "Company") is pleased to announce the appointment of Mr. Russ Allen as the Company's Vice-President in charge of Strategic Business Development for China. Mr. Allen has had an extensive career with over 35 years of experience in the telecommunications industry and for the past 17 years, he served as an Executive Vice-President at Glenayre Electronics, Inc., a leading developer and manufacturer of paging infrastructure systems. While at Glenayre, Mr. Allen was in charge of implementing international sales strategies for overseas markets and was responsible for placing more than US$300 million in paging systems throughout China. Paging / Two-way Wireless Messaging / VoIP / ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. Services The Company holds an interest in a paging joint venture ("Contour") that operates paging systems in 13 major cities located throughout Shandong Province. It has in excess of 450,000 subscribers and is the second largest paging network in the province. Earlier this year, Contour reached an agreement to secure licenses to provide two-way wireless messaging, voice over Internet protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. ("VoIP") and Internet access See how to access the Internet. ("ISP") services. This partnership will allow Contour to expand its paging business to include two-way wireless messaging and to broaden its revenue base by diversifying into ISP services and VoIP for long distance telephone services via the Internet. Mr. Allen will oversee the opportunities for the implementation of a complete line of new wireless systems products and services. These products and services include information retrieval information retrieval Recovery of information, especially in a database stored in a computer. Two main approaches are matching words in the query against the database index (keyword searching) and traversing the database using hypertext or hypermedia links. pagers, wireless web accessible two-way text messaging Sending short messages to a smartphone, pager, PDA or other handheld device. Text messaging implies sending short messages generally no more than a couple of hundred characters in length. pagers and high speed wireless Internet connectivity systems for high speed wireless Internet access and wireless Internet telephony Another term for IP telephony and VoIP. In the late 1990s, some people made a distinction between Internet Telephony and VoIP: Internet telephony referred to voice over the public Internet, while VoIP referred to voice over private IP networks. utilizing debit and prepaid calling card platforms. Mr. Allen's accomplishments in China have provided him an in-depth understanding of the Chinese telecommunications industry as well as many years of experience in conducting business in China. His credentials and well-established relationships with key government officials will also help the Company accelerate the deployment of the new wireless connectivity technologies in this high growth market in China. Financing Management has been aggressively pursing a financing to fund its Chinese projects and this has been proceeding very positively. The addition of Mr. Allen to the management team will substantially enhance the Company's prospects. Mr. Allen will assist in presenting our investment opportunities to potential financiers as well as to his network of business contacts. Due to current market conditions, the Contour Chinese partner has confirmed in writing to extend till March of 2002 for the Company to fulfill its financial commitments to the joint venture. Investor Relation Contract The Company has entered into an investor relation agreement with Meegan Capital Group Inc. for the dissemination of the company's news and announcements. The term of the agreement is for 6 months at $3,000 per month and will be subject to all necessary regulatory approvals. CONCEPT WIRELESS INC. William Jung, Director This news release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of these sections. Actual results may differ materially from the expectations and estimates of the Company. |
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