DataWave Announces Changes to Board of Directors.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 5, 2004 DataWave Systems Inc.(OTCBB OTCBB See OTC Bulletin Board (OTCBB). : DWVSF)(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE: DTV), a leading provider of electronic merchandising hardware and software solutions, announced today that John Adiletta will join the Company's Board of Directors. Mr. Adiletta is Principal of PCS Management Group, based in Bernardsville, New Jersey Bernardsville is a Borough in Somerset County, New Jersey, United States. As of the United States 2000 Census, the borough population was 7,345. Bernardsville was incorporated as a borough by an Act of the New Jersey Legislature on March 6, 1924, from portions of Bernards . As an experienced executive in the telecommunications industry, Mr. Adiletta brings expertise in managing for high growth and capital intensive operations to DataWave's Board. Mr. Adiletta said, "I welcome the opportunity to join DataWave and to assist in setting the Company's strategic direction. I first came into contact with DataWave in 1997 when development and roll-out of their core technologies was underway and have followed them with interest since that time." "John's familiarity with DataWave and experience in the telecommunications industry will undoubtedly be an asset to the company," said Josh Emanuel, Chairman and 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. of DataWave. Vijay Fozdar is appointed Vice-Chairman of the Board. DataWave's Board of Directors now consists of: Josh Emanuel Chairman & CEO Vijay Fozdar Vice Chairman & independent director John Adiletta Independent director Graham Jackson Independent director Alan Trope director About DataWave (http://www.datawave.ca) DataWave has been an innovator and developer of prepaid and stored-value programs and merchandising solutions since it was founded in 1994. DataWave pioneered systems that allow for point-of-sale activation of high value, high shrinkage products, such as cash cards, prepaid phone cards and prepaid wireless time. These systems work equally well over the Internet, through intelligent freestanding vending machines and POSA POSA Public Order and Security Act POSA Pattern Oriented Software Architecture POSA Passive Optical Sample Assembly POSA Parks and Open Space Advocates (Seattle, WA) PoSA Pomona College Student Art Gallery terminals, or with various card activation devices, including cash registers. DataWave Systems Inc. John Gunn, General Manager, CFO See Chief Financial Officer. "DataWave" is a registered trademark of the Company. All other trademarks and trade names referred to are the property of their respective owners. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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