Bernard Pinsky to Resign From DataWave Board of Directors.Business Editors VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , Canada--(BUSINESS WIRE)--Feb. 7, 2003 (TSX-V: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)--DataWave announces the resignation of Bernard Pinsky from its Board of Directors. Mr. Pinsky is a partner of Clark, Wilson and the Chair of its Corporate Finance/Securities and U.S. Law Practice Groups. Mr. Pinsky also serves as DataWave's legal counsel. Clark, Wilson has changed its policies as to its lawyers serving as directors, requiring Mr. Pinsky's resignation. Mr. Pinsky was originally appointed to the Board of Directors in February 2002 and retained by the shareholders at the July 2002 Annual General Meeting. Mr. Pinsky will remain the Company's outside legal counsel and available to serve on committees as agreed. About DataWave (http://www.datawave.ca) DataWave has been an innovator and developer of prepaid and stored-value programs since it was founded in 1994. DataWave pioneered a system that allows for point-of-sale activation of high value, high shrinkage products, such as cash cards and phone cards. The System works equally well over the Internet, through intelligent free-standing vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. or with various card activation devices, including cash registers. DataWave Systems Inc. Marc L. Belsky CFO See Chief Financial Officer. |
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