Clariti Telecommunications International Appoints Louis C. Golm as Vice Chairman of the Company's Board of Directors.PHILADELPHIA--(BUSINESS WIRE)--April 6, 1999--Clariti Telecommunications International, Ltd. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CLRI CLRI Central Leather Research Institute (India) ) ("Clariti") today announced it has appointed Louis C. Golm, age 57, to the position of Vice Chairman of the Company's Board of Directors, increasing the size of the Board of Directors to five. Mr. Golm was formerly President of AirTouch International, a division of AirTouch Communications (NYSE NYSE See: New York Stock Exchange : ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. ). At AirTouch, Mr. Golm was primarily responsible for creating the business vision, strategic and operational plans necessary to meet the financial goals of its international segment. Under his leadership, revenues increased 199% to $961 million in 1998 from $482 million in 1996. Additionally, Mr. Golm was responsible for business expansion through the development of new business opportunities outside the U.S. and the initiation of a new satellite based wireless capability in 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. , known as Globalstar. Prior to joining AirTouch, Mr. Golm spent over 30 years with AT&T, where he served in various senior executive positions, including President and Chief Executive Officer of AT&T - Japan. He also has significant experience in marketing strategy, business planning, new market and product development, sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a and operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. . Commenting on this announcement, Peter S. Pelullo, Chairman and Chief Executive Officer, said, "We are delighted to have added such a prominent figure in the global telecommunications industry to our Board of Directors as Vice Chairman. Lou brings 35 years of communications experience to Clariti, with demonstrated success in establishing strategic business plans and creating shareholder value by achieving corporate and financial goals. His proven ability to develop successful international joint ventures is particularly valuable to Clariti as we move to take advantage of strategic opportunities in the global telecommunications marketplace." Louis C. Golm stated, "I am extremely pleased to join the Board of Directors of Clariti. Worldwide demand for communications services continues to explode, fueled by the globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation of commerce and the individual's desire and need to always be in touch. Clariti is well positioned to address these drivers of growth through its operating divisions in both the wireline and 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. services markets." Mr. Golm continued, "I am anxious to use my industry experience to help the company capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. its unique opportunities. My international experience of creating and building successful joint ventures in Europe, Asia and Africa will be of direct benefit to the company as it aggressively drives its business plans forward to create customer and shareholder value." Clariti Telecommunications International, Ltd., through its recent acquisition of GlobalFirst, provides diversified telecommunications services, including domestic and international long-distance, pre-paid mobile phones and calling cards, primarily in the United Kingdom and France. Additionally, Clariti is currently developing the ClariCAST(TM) Digital Voice Paging System, the world's first low-cost high-speed digital voice paging system. The ClariCAST(TM) system combines a full-featured voice mail system with wireless voice pagers. This patented communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry uses FM subcarrier A secondary telecommunications channel that resides within the main channel (a carrier within a carrier). A type of multiplexing, the subcarrier is a modulated carrier signal at a lower frequency that is combined with the main carrier signal running at a higher frequency. frequencies, so it can be quickly and inexpensively installed in any city where FM radio towers exist. Clariti plans to market its voice paging service worldwide, including rapidly growing wireless telecom markets such as Europe, Latin America and the U.S. More information on Clariti and the ClariCAST(TM) Digital Voice Paging System can be found on the World Wide Web at http://www.clariti.com. Special Note Regarding Forward-Looking Statements: This press release contains certain forward-looking statements, including statements about the Company's strategy and positioning regarding providing telecommunications products and services and further investment worldwide, the benefits of Mr. Golm's experience and its plans regarding its voice paging system, that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, changes in telecommunications regulations, access to necessary capital resources, changes in consumer demand for telecommunication products and various other factors beyond the Company's control. This includes such factors as described from time to time in the SEC reports filed by Clariti Telecommunications International, Ltd., including the most recently filed Form 10-KSB. |
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