Redline Communications Announces Resignation from Board of Directors
TORONTO, May 27, 2014 /CNW/ - Redline Communications (www.rdlcom.com Group Inc. TSX: RDL), a leading provider of mission critical wireless networks, today announced that that Rob Soni has resigned as a member of the Company's Board of Directors. Rob tendered a letter of resignation to the Company, which was accepted by the Board of Directors on May 27, 2014. Rob is resigning his position to dedicate more of his time to the software company that he founded and where he is CEO.
Rob has served as a Board member since September 2010 and in addition to his duties as Director, was a member of a number of Board committees. Nizar J. Somji has agreed to replace Rob as a member of the Audit Committee and as Chair of the Corporate Governance and Nominating Committee and John Wilson has agreed to replace Rob as a member of the Compensation Committee.
Philippe de Gaspé Beaubien, Redline Chairman, thanked Rob for his years of service and guidance. "The insight Rob regularly contributed has always been valuable as Redline was repositioned into its role as a leading provider of mission critical wireless networks," he noted. "The Board and indeed all of our shareholders have benefited from his consistent and positive approach. We wish him success in his new venture."
The current members of the Board are Philippe de Gaspé Beaubien (Chair), Robert Williams, Eric Demirian, Nizar J. Somji and John Wilson, all of whom will be seeking re-election at Redline's upcoming annual and special meeting of shareholders on June 25, 2014.
Redline Communications (www.rdlcom.com) is the creator of powerful wide-area wireless networks for the most challenging applications and locations. Used by oil and gas companies to manage their assets, militaries for secure battlefield communications, municipalities to remotely monitor highways, utilities and other infrastructures, and telecom service providers to deliver premium services, Redline's powerful and versatile networks reliably and securely deliver voice, data, M2M and video communications for mission-critical applications.
Forward Looking Statements
Certain statements in this release may constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws. In some cases, forward-looking statements can be identified by terms such as "could", "expect", "may", "will", "anticipate", "believe", "intend", "estimate", "plan", "potential", "project" or other expressions concerning matters that are not historical facts. Readers are cautioned not to place undue reliance upon any such forward-looking statements.
Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause the actual results, performance, achievements or developments of Redline to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements, by their nature, are based on certain assumptions regarding expected growth, management's current plans, estimates, projections, beliefs, opinions and business prospects and opportunities (collectively, the "Assumptions"). While the Company considers these Assumptions to be reasonable, based on the information currently available, they may prove to be incorrect.
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