724 Solutions Appoints Wireless Veteran Ben Scott to Board of Directors.SANTA BARBARA Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , Calif. -- 724 Solutions (Nasdaq: SVNX)(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : SVN SVN Subversion (version control system) SVN Slovenia (international traffic code) SVN Social Venture Network SVN South Vietnam SVN Secure Virtual Network SVN Supervised Visitation Network ), a leading provider of next-generation IP-based network and data services, today announced it has appointed Ben Scott to its Board of Directors. Mr. Scott, who has extensive experience in the United States and international wireless markets, has held the chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. position at Bell Atlantic's U.S. wireless business, chief executive officer of its international wireless business and chief executive officer position at PrimeCo. Mr. Scott spent 20 years at AT&T, ending his tenure as president and 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. of AT&T Canada. He is a Venture Partner with Austin Ventures and currently serves on the Board of Directors for Active Power, Navini Networks, Netrake and Spatial Wireless. "It is a pleasure to welcome someone of Ben's wireless operating experience to our Board of Directors," said John Sims, Chief Executive Officer of 724 Solutions. "During his 30 year career, Ben has been involved in some of the industry's most successful wireless businesses, including the PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. network launch at PrimeCo and the growth of Bell Atlantic Mobile, now part of Verizon Wireless. His wireless background and international leadership qualities will complement the depth of experience we have on our Board today," said Sims. "724 Solutions is well positioned to execute on the emerging opportunities in the mobile data services market," said Ben Scott. "The wireless industry continues to experience high growth as new technologies like 724's X-treme Mobility Suite accelerate the introduction of premium data services. I'm excited and look forward to my contribution to 724's initiatives," said Scott. About 724 Solutions 724 Solutions (Nasdaq: SVNX)(TSX: SVN) delivers reliable, scalable technology and solutions that allow mobile network operators to rapidly deploy flexible and open next generation IP-based network and data services. Additionally, in conjunction with mobile operator partners, the company provides a series of actionable alerting solutions to enterprises to assist them in lowering operating costs and improving customer relationship management. 724 Solutions is a global company with development operations in Canada and Switzerland with its corporate office in Santa Barbara, California Santa Barbara is a city in California, United States. It is the county seat of Santa Barbara County, California. As of the 2000 census, the city had a total population of 92,325. . For more information, visit www.724.com. |
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