`Businessman of the Year' Appointed President of Sanswire Technologies.Business Editors ATLANTA--(BUSINESS WIRE)--Sept. 25, 2002 Sanswire Technologies, Inc., (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : SNWR SNWR Sevilleta National Wildlife Refuge (New Mexico) ) a worldwide leader in the provision of high-speed, wireless Internet service, announced today that Jairo Rivera has been named President of the Company. Mr. Rivera takes over the position formally held by Michael K. Molen and will be responsible for running the Company on a daily basis. Mr. Molen will remain Chairman of the Company and concentrate on the Company's vision, which includes various acquisitions that will expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. Sanswire's build-out of their National wireless network. Mr. Rivera was elevated to the position after serving the past three years as President of Sanswire's Latin American Operations. The move comes within weeks of Mr. Rivera being named "Businessman of the Year" by the Georgia Hispanic Chamber of Commerce. Mr. Rivera is an economist who obtained his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration with concentration in Entrepreneurship and Marketing from Kennesaw State University Kennesaw State University, commonly known as Kennesaw State, is a public, coeducational university and is part of the University System of Georgia. It is located in Kennesaw, an unincorporated community in Cobb County, Georgia, United States, approximately 20 miles north of and has more than twelve years of economic experience in the pharmaceutical, textile, oil, and hospitality industries. Mr. Rivera is a member of the Company's Board of Directors and has been a board member in various other national and regional business associations. He has been involved in philanthropic phil·an·throp·ic also phil·an·throp·i·cal adj. 1. Of, relating to, or marked by philanthropy; humanitarian. 2. Organized to provide humanitarian or charitable assistance: activities through the Rotary Club, of which he is a former Vice-President. "We are constantly pursuing all available means to strengthen the Company both structurally and strategically. As aggressively as we are moving in the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. market, we needed someone that was qualified to run the Company on a daily basis. Jairo was the obvious choice and we are very proud to have him," said Molen. Sanswire Technologies, Inc. provides last-mile, high-speed wireless Internet access See how to access the Internet. to the business, residential, hospitality, and education markets utilizing the 802.11 (WiFi) protocol and has begun the build-out of a National wireless network that when completed, will allow users to access the Internet via any 802.11 wireless device from anywhere in the country. To learn more about Sanswire Technologies, contact Jairo Rivera at 404-591-5806 or by email at jrivera@sanswire.com. This press release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Sanswire Technologies, Inc. ("the Company") and its management. Prospective investors are cautioned that any such 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. are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: the ability of the Company to raise necessary capital; to attract and retain effective management; or the failure of third-party contractors to perform their contractual obligations. |
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