Bradley J. Poulos Appointed CEO Of Wireless Age; John G. Simmonds to Remain as Chairman.TORONTO -- E[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]Also confirms guidance as results continue to be strong E[acute accent]Wireless Age Communications, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :WLSA WLSA Women and Law in Southern Africa WLSA Women's Law Student Association WLSA Windows Live Spaces Assistant WLSA Windows Live Search Academic ), a leading supplier of solutions to the Canadian wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. industry, today announced on behalf of the Board of Directors that John Simmonds has stepped down as 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. , effective September 12, 2005, and Brad Poulos, the current President has been appointed to the position. Mr. Simmonds will remain Chairman. E[acute accent]The company has been led by Mr. Simmonds since March of 2003, and during that time several acquisitions have been made, and the company's revenues and earnings have grown considerably. He stated that the change is part of a succession that has been planned for several months, since the acquisition of mmwave Technologies from Mr. Poulos and his former partners. "The Board's priority is to ensure the continued growth of Wireless Age for the foreseeable future," he said. "We have a talented and seasoned management group and we are very pleased to have Brad Poulos assume the responsibility for leading the company as we move into the company's next phase of growth." E[acute accent]As Chairman, Mr. Simmonds will continue to be involved in corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and strategic matters. E[acute accent]"I am honored to be appointed CEO of Wireless Age," Mr. Poulos said. "I am enthusiastic about our prospects and look forward to building on the strong foundation that John has developed. We plan to continue to grow this company and capture a significant part of the growth that the wireless industry promises for the next several years. I'm especially pleased that John will remain in the position of Chairman, and that we can continue to benefit from his experience and creativity." E[acute accent]The company management also confirmed previously-issued guidance. Revenues in each of the past two months were approximately $2.2 Million, and management believes that the company remains on track to achieve earnings in the range of $0.05 per share. E[acute accent]About Wireless Age Communications Inc. E[acute accent]Wireless Age Communications Inc. owns and operates four Strategic Business Units. E[acute accent]Wireless Age retail outlets retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → sell next generation wireless products and services to business and individual end users in Saskatchewan and Manitoba. Wireless Source distributes prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay ment n. phone cards, wireless accessories, land mobile radios, batteries and ancillary electronics products to dealers throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . mmwave does specialty distribution and network engineering and integration, for carriers and manufacturers of communications equipment in Canada. Wireless Works operates broadband public access and private networks in Southern Ontario, and develops and deploys consumer and commercial products for those networks. E[acute accent]The company is a recognized leader in the wireless industry in Canada and is a member of the WiMax forum, as well as a very active member of the Canadian Wireless Telecommunications Association. E[acute accent]Wireless Age has an investment in Midland International Midland International can refer to:
n. An enclosed workspace equipped with gloved openings that allow manipulation in the interior, designed to prevent contamination of the product, the environment, or the worker. , first aid kits, emergency supply packages and used for emergency purposes. Another is a prepaid wireless phone designed to be used in the low cost and short-term usage markets. E[acute accent]For additional information about Wireless Age Communications Inc. or its subsidiaries, please visit the company's website at www.thewirelessage.com or review periodic filings with the Securities and Exchange Commission at http://www.sec.gov. E[acute accent]This press release contains "forward looking statements" as defined in 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. These forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Wireless Age Communications, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism Terrorist acts and the threat of Terrorism have occupied the various law enforcement agencies in the U.S. government for many years. The Anti-Terrorism and Effective Death Penalty Act of 1996, as amended by the usa patriot act and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company's ability to retain key management and employees; intense competition and the company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Wireless Age Communications, Inc. SEC filings. Wireless Age Communications, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications, Inc.'s business, please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications, Inc.'s SEC filings. E[acute accent]Wireless Age Communications, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :WLSA) E[acute accent]Wireless Age Communications, Inc. (OTC Bulletin Board:WLSA) |
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