Bernard Pinsky to Join DataWave Board of Directors.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 19, 2002 DataWave Systems (CDNX CDNX See Canadian Venture Exchange (CDNX). :DTV (Digital TeleVision) Transmitting TV using digital signals. The major DTV standards are ATSC (North America), DVB (Europe) and ISDB (Japan). All three use MPEG-2 video compression and Dolby Digital audio compression. DVB and ISDB also include MPEG audio compression. )(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DWVSF) announces the appointment of Bernard Pinsky to its Board of Directors. Mr. Pinsky is a partner of Clark, Wilson and the Chair of its Corporate Finance/Securities and US Law Practice Groups. Mr. Pinsky also serves as DataWave's legal counsel. Mr. Pinsky has advised a variety of public and private companies on legal matters related to acquisitions, mergers, initial public offerings, secondary financings, cross-border financings, public company disclosure requirements and stock exchange practice. His clients include companies which trade on Canadian and 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. Stock Exchanges. Josh Emanuel, 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. said, "We are delighted to have Bernard join our Board. His judgement and guidance will add significant value to our Board deliberations." Mr. Pinsky commented, "In accepting DataWave's invitation to join the board, I felt that my legal knowledge would compliment the financial, operational and business skills already represented. I look forward to helping this company continue to build a solid business." About DataWave (http://www.datawave.ca) DataWave has pioneered the concept of online, point-of-sale activation through a vending unit, ensuring the secure distribution of high value, high shrinkage prepaid products, such as cash cards and phone cards, since it was founded in Vancouver, British Columbia in 1994. Wireless communications are combined with point-of-sale technologies in the DataWave System to enable it to process transactions, accept a variety of payment methods and generate a number of different reports aimed at assisting the customer. The System works equally well over the Internet, through intelligent free-standing vending machines (DTMs) or with over-the-counter "swipe" units (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ). As of December 31, 2001 the Company has placed over 2,000 DTMs, OTCs and traditional vending machines and provides prepaid card 'batch activation' services to an additional 500 sites. The Company also wholesales prepaid phone cards to over 8,000 retail locations in Canada. In addition to its successful prepaid phone card business, the company is currently working with Standard Federal Bank and Coinstar on a three-city pilot with 52 machines, selling MasterCard Prepaid Cards. DataWave Systems Inc. Marc L. Belsky, CFO See Chief Financial Officer. The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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