Redline Communications Announces Executive Team Changes and Change in Auditors

-- Company announces departure of CFO, permanent appointment of CEO, SVP Business Development and VP Sales for Americas, new Auditors --

TORONTO, Jan. 21 /CNW/ - Redline Communications Group Inc. ("Redline") (TSX: RDL), a leading provider of specialized broadband wireless systems, today announced the following executive team changes:

  • Eric Melka, formerly Acting CEO has been confirmed as permanent CEO for Redline Communications.  Eric joined the Redline Board of Directors in late 2009 and became Acting CEO in early 2010.  In the months following his initial appointment, Eric undertook a major restructuring of the company that has culminated in the company reporting profitable growth in 2010.

  • Bruce MacInnis, Redline's CFO, will be leaving the Company. His departure date is anticipated to be April 30th, 2011.  Bruce joined Redline in May 2010 and has been instrumental in guiding the Company through a complex period of financial restatements. The Company wishes to thank him for his extraordinary efforts during a challenging time.

  • Amir Rosenzweig, formerly Acting SVP Sales for Redline, has been appointed as SVP Business Development.  Amir joined the company as an advisor in late 2009, lending his assistance with product strategy, business development and the restructuring of the Company's sales organization.  He brings a wealth of industry experience, including serving as President of Alvarion Inc.

  • Dennis Stipati joins Redline as VP Sales Americas.  Dennis brings 27 years of experience in the wireless industry across the Americas, Europe, Middle East, Africa and Asia.  He has served as Vice President of Worldwide Sales at Exalt and Director of Sales at Motorola and will be responsible for all sales activities in the Americas for Redline.

The Company also announced the appointment of BDO Canada LLP ("BDO") as auditors. BDO replaces the Company's existing independent auditor, KPMG LLP.

"Redline continues to successfully execute its plan to restructure the Company and the Board is extremely pleased to confirm Eric Melka as CEO and to welcome the newest additions to the management team," said Philippe de Gaspé Beaubien, Redline's Chairman of the Board. "2010 has been a year of necessary changes and we wish to thank Bruce MacInnis for his service as CFO and KPMG for their assistance as auditors. We look forward to what will be an exciting 2011 for Eric and his team and the entire company."

About Redline Communications

Redline Communications ( is a leading manufacturer of specialized broadband wireless systems used to cost-effectively deploy distributed applications and services. Since 1999, Redline systems have been used by local and state governments to extend their public safety networks; by oil and gas companies to connect their digital oil fields; by telecom service providers to bring dedicated Internet access to business users, and by the military to rapidly deploy secure networks. Redline's award-winning broadband radio systems wirelessly enable distributed applications - private networks, video surveillance, business access, backhaul, and data acquisition - without compromising performance. Redline delivers high speed, real-time connectivity - anywhere, anytime. Redline products are marketed and supported locally through a network of certified value-added resellers in the Americas, the Middle East, and Africa.

NOTE: All registered and unregistered trademarks mentioned in this release are the property of their respective owners.

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.

SOURCE Redline Communications Group Inc.

For further information:

Redline Communications
Lynda Partner
Tel: +1 613.618.3200


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