Axesstel Announces Executive Roster Changes.SAN DIEGO -- Axesstel, Inc. (AMEX AMEX See: American Stock Exchange :AFT), a leader in developing, manufacturing and marketing high-quality, CDMA-based fixed wireless voice and data solutions, hybrid terminals and engineering services to operators worldwide, announced today the resignation of CFO See Chief Financial Officer. John Chough, who is leaving the Company for family reasons. President and COO David Morash will assume the position of CFO on an interim basis while a search for a permanent CFO proceeds. "We thank John Chough for his tireless efforts during the formative period of the Company," commented Mr. Morash. "We wish him well in his future endeavors." In addition, Axesstel announced the appointment of former investor relations Investor relations The process by which the corporation communicates with its investors. executive, consultant and securities analyst Alireza Saifi to the newly created position of Vice President Finance. Mr. Saifi has most recently served as the Company's investor relations advisor. Mr. Saifi's prior positions include the following: Equity Research Analyst with Halpern Capital, where he covered technology and special-situation companies; Principal Strategy Consultant with PA Consulting Group PA Consulting Group (PA) is an international management consulting firm known for its expertise in technology and new product development.[1] As of 2007 it operates in more than 35 countries. The firm works across both the private and public sectors. in New York, where he advised companies on next-generation wireless value-added services; and member of DMG (Disk iMaGe) The file format used in the Macintosh for distributing Mac software. Mac install packages appear as a virtual disk drive on the Mac as if you had inserted a CD or floppy disk. Technology Group's research and investment banking team, covering Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. , Supply Chain Management, Customer Relations Management, and Wireless Satellite Services. Mr. Saifi holds a BA from Fordham University in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . "It has been very rewarding to work with Alireza Saifi as an outside investor relations counselor," Mr. Morash commented. "We welcome him to Axesstel with confidence that his diverse background, strategic insights and knowledge of the investment community will be even more valuable to us in his role as Vice President Finance." About Axesstel, Inc. Axesstel, Inc., a Nevada corporation, is powering the next generation of wireless, fixed and hybrid mobile devices based on CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. , CDMA2000, 802.11, and emerging 3G and 4G broadband IP technologies. The Company is pursuing technology and applications that will enable the development and delivery of carrier-class subscriber-based solutions, including fixed terminals, handsets and wireless payphones. To date, Axesstel's Qualcomm-licensed products can be found in more than 15 countries worldwide. The company is headquartered in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. with a research and development center in Seoul, Korea. For more information, visit the company's Web site at www.axesstel.com. "Safe Harbor" Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements set forth above include forward-looking statements relating to performance, technology and product development which may affect future results. The Company wishes to caution readers that actual results could differ materially from those in the forward-looking statements due to risks and uncertainties and a number of important factors. Those factors include but are not limited to the risk factors and other information contained in the Company's filings with the Securities & Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products and enhancements by competitors; the competitive nature of the markets for the Company's products; the Company's need to gain market acceptance for its products; the Company's need to attract and retain skilled personnel; and the Company's reliance on third-party suppliers. |
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