5G Wireless Communications Appoints Buy.com Co-founder Murray Williams to Board; Independent Director Will Also Chair Audit Committee.MARINA DEL REY Del Rey may refer to:
System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FGWC), an innovative incubator of strategic information and communications technologies, announced today that Murray Williams has been appointed to the board of directors and will chair the company's audit committee. Mr. Williams was one of the founding members of Buy.com, Inc., the second largest multi-category e-commerce company in the world. Between 1998 and 2001, he successfully developed the finance, legal, business development and HR departments, and the company enjoyed its greatest success while he was its highest-ranking financial officer, responsible for securing over $225 million in private financing. "Besides providing the necessary oversight of our subsidiary accounting functions, Mr. Williams possesses the necessary experience to be classified as an audit committee financial expert under SEC rules," stated Jerry Dix, 5G Wireless Communications CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "He offers a tremendous breadth of technology business expertise that he can bring to bear on increasing the efficiency of day to day operations. And, as we begin the process of evaluating strategic acquisitions, he will guide us in negotiations and assessing the numbers." "After taking the time to review the company's products, plan of operations and management team, it is truly an honor to have the opportunity to become part of such an exciting company on its way to greatness," added Williams. "I look forward to participating in the planning and direction In intelligence usage, the determination of intelligence requirements, development of appropriate intelligence architecture, preparation of a collection plan, and issuance of orders and requests to information collection agencies. See also intelligence process. of 5G Wireless to help the company achieve its goals." Mr. Williams obtained vast international business experience managing Buy.com's growth strategy into Europe, Canada and Australia. In addition, he was responsible for their expansion into eleven core product categories, and successfully completed three acquisitions. Prior to joining Buy.com, he was employed with KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen Peat Marwick, LLP LLP - Lower Layer Protocol from 1993 through 1998, and last served as a Manager in their assurance practice. He managed a team of over 20 professionals specializing in financial services with an emphasis on public offerings, private financings and mergers/acquisitions. A CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. who received the license in 1995, Mr. Williams is a member of the AICPA AICPA See American Institute of Certified Public Accountants (AICPA). and received degrees in both Accounting and Real Estate from the University of Wisconsin-Madison “University of Wisconsin” redirects here. For other uses, see University of Wisconsin (disambiguation). A public, land-grant institution, UW-Madison offers a wide spectrum of liberal arts studies, professional programs, and student activities. . About 5G Wireless Communications, Inc. 5G Wireless Communications, Inc. (OTCBB:FGWC), located in Marina del Rey, CA, is a Business Development Corporation developing a diverse portfolio of companies with innovative applications in the information and communications technology sectors. Holdings currently include 5G Wireless Solutions, Inc., a private, wholly-owned subsidiary, which develops and markets broadband wireless networks for university and municipal campuses, and provides WiFi networking equipment for a select group of VARs and WISPs. For additional information, please visit www.5Gwireless.com. Or call 800-916-1611. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are 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. created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise which could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise. All product or service names mentioned herein are the trademarks of their respective owners. |
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