ARC Wireless Solutions, Inc. Names Gregory E. Raskin as President.Business Editors & High-Tech Writers WHEAT RIDGE Wheat Ridge, city (1990 pop. 29,419), Jefferson co., N central Colo., a suburb of Denver; inc. 1969. Chiefly residential, Wheat Ridge is the site of an annual carnation festival. , Colo.--(BUSINESS WIRE)--April 5, 2001 ARC Wireless Solutions, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARCS), today announced that it has elected Gregory Raskin as President of the Company. Mr. Raskin will be responsible for coordinating the Company's fixed wireless business among its three operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon consisting of Winncom Technologies, Corp., Antennas America Division and Starworks Wireless Inc.. Mr. Raskin has more than 9 years of experience in the wireless business. Born in 1953 in Tashkent, the former capital of the UzSSR, Mr. Raskin received his Masters of Science degree in Electrical Engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. in 1975 from the Tashkent Institute of Technologies. After working as an engineer for one year and serving in the Soviet Army for one year, Mr. Raskin was accepted into postgraduate school in 1977, successfully completing his postgraduate work in 1981. While studying, Mr. Raskin worked as an engineer for a research and development company which he left in 1988 as head of the R&D department. After leaving the Soviet Union, from 1989 until 1993, Mr. Raskin worked as a Control Systems Engineer for Bailey Controls Company. In 1993 he started his first company that specialized in wireless networking See wireless network. . The U.S. company, RAITECH Enterprises, set up the first ISM See ISM band. business in Russia in 1994 by introducing and certifying the first wireless LAN A local area network that transmits over the air typically in the 2.4 GHz or 5 GHz unlicensed frequency band. It does not require line of sight between sender and receiver. Wireless base stations (access points) are wired to an Ethernet network and transmit a radio frequency over an area equipment from Lucent and Aironet in Russia and other former soviet republics. Recognizing the domestic as well as international value of the license-free spectrum, Mr. Raskin formed Winncom Technologies, Inc. in 1996, which has now become one of the largest value-added distributors of fixed wireless equipment in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Winncom Technologies has experienced tremendous growth since its inception in 1996 with 100% revenue growth in each of 1997, 1998 and 1999. ARC Wireless Solutions' Chief Executive Officer Randall P. Marx said: "Mr. Raskin has an incredible amount of knowledge of the fixed wireless business and Winncom's success is a tribute to his business forethought fore·thought n. 1. Deliberation, consideration, or planning beforehand. 2. Preparation or thought for the future. See Synonyms at prudence. and insight. His hard work and obvious dedication will serve us well as he plays a major role in taking the Company to the next generation of wireless networking products and solutions." Mr. Raskin stated: "I have been very excited to continue to be a part of a company that shares my outlook of the wireless business. As we continue to expand our wireless networking solutions, I expect to contribute to the vision of becoming an end-to-end wireless solutions provider." About ARC Wireless Solutions, Inc. ARC Wireless Solutions, Inc. is a wireless technology company that is involved in marketing, distribution and servicing, as well as selective design and manufacturing, of a broad range of component and network solutions in support of wireless applications. The Company's wireless solutions are marketed through the Company's internal sales force, OEMs, numerous reseller distribution channels, retail and the Internet to support network deployment in the growing domestic and global wireless markets. ARC Wireless Solutions, Inc., together with its Antennas America Division, is headquartered in Wheat Ridge, Colorado The City of Wheat Ridge is a Home Rule Municipality located in Jefferson County, Colorado, United States. Wheat Ridge is a western suburb of Denver. The Wheat Ridge Municipal Center is 5 miles (8 km) . The Company's Winncom Technologies Corp. subsidiary is located in Solon, Ohio Solon (pronounced Sew-len) is a city in Cuyahoga County, Ohio, and is a suburb of Cleveland in the Northeast Ohio Region, the 14th largest Combined Statistical Area in the United States. As of the 2000 census, the city population was 21,802. , and its Starworks Wireless Inc. subsidiary, doing business as The Kit Company, is located in Atlanta, Georgia. For more information about the Company and its products, please visit our web sites at www.arcwireless.net, www.antennas.com, www.winncom.com and www.thekitcompany.com This is not a solicitation to buy or sell securities and does not purport to be an analysis of the Company's financial position. This Release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. See the Company's most recent Quarterly Report on Form 10-QSB and Annual Report on Form 10-KSB for additional statements concerning important factors, such as demand for products, manufacturing costs and competition, that could cause actual results to differ materially from the Company's expectations. |
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