Axesstel COO David Morash Appointed President.
SAN DIEGO--(BUSINESS WIRE)--April 28, 2004
Axesstel, Inc. (OTCBB:AXES), a leader in developing, manufacturing and marketing high-quality, CDMA-based fixed wireless local loop (WLL), hybrid terminals and engineering services to operators worldwide, today announced that COO David Morash has been named President of the Company.
"In just a few months as Chief Operating Officer, Dave Morash has proven his ability to guide Axesstel toward a very dynamic and productive future, and we are enthusiastic about naming him President and COO," commented Mike Kwon, Chairman of the Board of Axesstel. "The groundwork laid in 2003 is already yielding us some of the largest orders we have ever won, and it is still early in what is already shaping up to be a very successful year."
The Company also announced that Satoru Yukie will be leading a new telecommunications venture, Axesstel Technologies, Inc., with which Axesstel, Inc. will have an ongoing business relationship as a minority stakeholder. Mr. Kwon commented, "Our progress and growth under Satoru Yukie's leadership has been nothing short of phenomenal, and we cannot thank him enough for his years of successful service with Axesstel, Inc. We will miss working with him as a colleague, but look forward to working with him in his new capacity with Axesstel Technologies."
About Axesstel, Inc.
Axesstel, Inc., a Nevada Corporation (OTCBB:AXES), is powering the next generation of wireless, fixed and hybrid mobile devices based on CDMA, 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, 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 of 1995: With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The Company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include, but are not limited to, the risk factors noted 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 Axesstel's products; Axesstel's ability to gain market acceptance for its products; the Company's ability to attract and retain skilled personnel; and the Company's reliance on third-party suppliers.