Calypso Wireless, Inc. Announces the Appointment of Robert B. Sando as Chief Financial Officer.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- Calypso Calypso, in Greek mythology Calypso (kəlĭp`sō), nymph, daughter of Atlas, in Homer's Odyssey. She lived on the island of Ogygia and there entertained Odysseus for seven years. Wireless, Inc. (PINK SHEETS: CLYW) (www.calypsowireless.com) has announced that Robert B. Sando, 47, has been named Chief Financial Officer and Secretary of the company. Calypso Wireless' patented ASNAP ASNAP Automatic Switching of Network Access Points (CalypsoWireless Inc.) technology allows for seamless voice, video, data conversion and seamless session continuity, across devices, access methods and applications instantly. Robert B. Sando is a veteran financial executive who has joined Calypso to build and improve the company's financial structures, strategic planning, and to ensure compliance with financial policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental . Mr. Sando possesses a wealth of entrepreneurial experience in the technology industry and has an impressive track record of bringing technology companies to sustained profitability. "We are extremely pleased that a financial executive with the breadth of experience of Robert Sando has joined the Calypso team," stated Cristian Turrini, President and Chief Executive Officer, Calypso Wireless, Inc. "Robert Sando will put in place financial and operating structures that will take our Company into the future and beyond," Turrini added. "Calypso is an exciting and dynamic company and I am delighted to play an integral role in its continued success and evolution. I believe I can make substantial contributions to the future growth and prosperity of the Company," stated Mr. Sando. "I am very excited about this Company's market opportunity, product licensing approach, and its business model. Calypso's growth is a direct result of its 'best in class' products, proprietary technologies, and outstanding people." Prior to joining Calypso, Mr. Sando served as the Director of Finance and Treasurer of the Qtera Corporation, a venture capital-backed technology company located in Boca Raton, FL who was sold to Nortel Networks (NYSE NYSE See: New York Stock Exchange : NT) on January 28, 2000 for $3.25 Billion. Mr. Sando received his Bachelor's and two Master's degrees from Saint Joseph's University, Philadelphia, PA and Widener University, Chester, PA. ABOUT CALYPSO WIRELESS Calypso Wireless is the company behind the ASNAP(tm) technology for which it was granted U.S. Patent #6,680,923 titled "Communication system and method" (http://www.uspto.gov - search U.S. patent number 6,680,923), which covers the seamless roaming of voice, video and data between Wide Area Network access points, such as cellular towers (GSM/GPRS/EDGE, 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. , WCMDA etc.) and short-range Internet access points (such as Wi-Fi, Bluetooth, etc.). Calypso Wireless is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. headquartered in Miami , FL. Its common stock trades under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors CLYW. For more information about Calypso Wireless and its products and services, please visit the company's Web site at http://www.calypsowireless.com. SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This press release contains forward-looking statements made pursuant to the safe harbor provisions of 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, including forward-looking statements regarding (1) executive transition matters, (2) employment terms and (3) future performance potential. These statements are neither promises nor guarantees, but involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements, including, without limitation, the risks detailed in our filings with the SEC. Calypso Wireless, Inc. does not intend, and disclaims any obligation, to update any forward-looking information contained in this press release. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion