RANCHO MIRAGE, CA, May 3 /CNW/ - Craig Wireless Systems Ltd. ("Craig Wireless" or the "Corporation") (TSX: CWG), is pleased to announce that its board of directors (the "Board") has determined to appoint Mr. Donnie Moore as an additional
independent director, effective as of May 3, 2011 to hold office until
the next annual meeting of shareholders of the Corporation. Mr. Moore has also
been appointed as a member of the audit committee of the Board,
replacing Mr. Barry Reiter. Mr. Reiter remains as an independent
director of the Corporation and chairman of the compensation, corporate
governance and nomination committee of the Board.
Mr. Donnie Moore was senior vice president, finance and administration
and chief financial officer for Cognos Incorporated in Ottawa, Ontario,
Canada from 1986 until his retirement in 2001. He had responsibilities
for legal affairs and government relations and financial and
administrative operations worldwide. He has more than 30 years of
financial and administrative expertise in information technology and
related industries. Before joining Cognos, Mr. Moore was corporate
director, plans and analysis at the world headquarters of the Burroughs
Corporation in Detroit, Michigan. Prior to that, he held positions as
CFO of Burroughs Canada in Toronto, Ontario, Canada and Burroughs
Limited in Wellington, New Zealand. Mr. Moore holds a Bachelor of
Science degree in engineering (computer science) from the University of
Oklahoma and an MBA in finance from the University of Houston.
"We are extremely pleased that Mr. Moore has agreed to join the board of
directors of Craig Wireless. His experience, knowledge and expertise
bring a tremendous additional resource to the Corporation," stated Drew
Craig, Chairman of the Board of Craig Wireless.
About Craig Wireless Systems Ltd.:
Craig Wireless and its affiliates (collectively, the "CWS Group") offer a broad range of telecommunications services, including,
broadband internet access, business connectivity solutions, hosting,
security and telecommunications solutions. Through certain members of
the CWS Group, Craig Wireless holds or leases licenses for spectrum in
the 2.5 GHz, 2.6 GHz or 3.5 GHz bands in Riverside County in Southern
California, United States and in Greece. The CWS Group also has
spectrum interests in Norway and New Zealand. Spectrum in these ranges
is effective for delivery of point-to-multipoint signals, possesses
robust bandwidth capability and supports emerging 4G-based
applications, including portable and mobile applications.
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Notice on forward-looking statements:
This release includes forward-looking statements regarding Craig
Wireless and its business. Such statements are based on management's
current expectations. The forward looking events and circumstances
discussed in this release may not occur and actual results could differ
materially as a result of known and unknown risk factors and
uncertainties affecting Craig Wireless and its business. No
forward-looking statement can be guaranteed. Forward-looking statements
speak only as of the date on which they are made and Craig Wireless
does not undertake any obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise.
SOURCE Craig Wireless Systems Ltd.
For further information:
Boyd Craig, Chief Executive Officer, Craig Wireless Systems Ltd., email: email@example.com