- David Andrews joins as Chief Financial Officer; Eric Melka appointed
to Board of Directors -
TORONTO, Jan. 8 /CNW/ - Redline Communications (TSX:RDL), a leading
provider of standards-based broadband wireless equipment, today announced that
David Andrews has joined the Company as Chief Financial Officer (CFO) and Eric
Melka has been appointed to Redline's Board of Directors.
"We are pleased to welcome David Andrews as Redline's new CFO," said
Majed Sifri, President and CEO, Redline Communications. "David is an
accomplished senior executive with a proven track record in financial
management, strategic planning, and achieving both top-line growth and
bottom-line performance. David will be an asset to our team as we aggressively
pursue high ROI business in WiMAX and BWI and focus on achieving
David Andrews has led the financial, operational and human resources
management in Canada for several Fortune 500 and small cap companies in the
information technology industry, including Compaq, Tandem Computers, Prime
Computers, Unisys Corp., and was CFO of ONX Enterprise Solutions Inc., where
he took the company public on the Toronto Stock Exchange (TSX). Most recently,
David served as CFO of Sun Microsystems of Canada Inc and is currently a Board
member of Microplanet Technology Corp., a TSX Venture listed company. David
will take over the position of CFO from Nancy Orr, who acted as interim CFO
from September to December, 2008 and who will remain a Redline Board member.
"Redline has achieved significant growth over the last seven years,
established an impressive global customer base, was recognized as one of the
fastest growing technology companies in North America, and has emerged as a
leader in delivering proven broadband wireless and WiMAX solutions," said
David Andrews. "I am excited to be joining Redline as we position the company
for continued success and deliver value to our shareholders."
Redline has also appointed Eric Melka to its Board of Directors. Mr.
Melka will chair the Remuneration Committee and serve as a member of the
Audit, Remuneration and Nominating Committees. Eric has extensive experience
in governing technology companies, and is Past President of several
corporations including Got Corporation, Forbes Alliance and Compare Corp.
Mahesh Vaidya, who previously served as a Redline Director and Chair of the
Audit Committee, has resigned from his position on the Company's Board of
About Redline Communications
Redline Communications (www.redlinecommunications.com) is the leading
provider of fixed and mobile standards-based wireless broadband solutions.
Redline's RedMAX(TM) WiMAX Forum Certified(TM) system, RedMAX 4C Mobile
WiMAX(TM) products, and its award-winning RedCONNEX(TM) and RedACCESS(TM)
families of broadband wireless infrastructure products enable service
providers and other network operators to cost-effectively deliver
high-bandwidth services, including voice, video and data communications.
Redline is committed to maintaining its wireless industry leadership with the
continued development of WiMAX and other advanced wireless broadband products.
With more than 100,000 installations in 85 countries, and a global network of
over 170 partners, Redline's experience and expertise helps service providers,
enterprises and government organizations roll out wireless broadband networks
to support advanced communications.
NOTE: All registered and unregistered trademarks mentioned in this
release are the property of their respective owners.
Certain statements in this release constitute forward-looking statements
or forward-looking information within the meaning of applicable securities
laws and are made pursuant to the "safe harbour" provisions of such laws.
Statements related to potential benefits of, and demand for, Redline's
products including statements with respect to the features and benefits that
may be achieved through the use of Redline's products and the relative
position of these products vis-à-vis competitive offerings in the industry are
forward-looking statements which are subject to certain assumptions, risks and
uncertainties. These risks and uncertainties include such factors as rapid
technological changes, long uncertain sales cycles, demand for our products,
the introduction of competing technologies, meeting industry standards,
regulatory risk, dependent on key partners and resellers and other similar
factors that may cause the actual results, performance or achievements of
Redline to differ materially from the results, performance, achievements or
developments expressed or implied by such forward-looking statements. Readers
are cautioned not to place undue reliance on such statements. Redline assumes
no obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
For further information:
For further information: Carolyn Anderson, Redline Communications, (T)
(905) 479-8344 ext. 2333, (M) (647) 296-3117,
email@example.com; Craig Armitage, Vanessa Beresford,
Equicom Group, (T) (416) 815-0700, firstname.lastname@example.org,