RICHMOND, BC, June 4 /CNW/ - Ascalade Communications Inc. ("Ascalade" or
"the company") (TSX: ACG) a leading designer and manufacturer of wireless
communications products, today announced the appointment of Mr. Greg Allen to
the position of President, effective June 21, 2007. In this role, Mr. Allen
will oversee virtually every aspect of Ascalade's business operations
including sales, marketing, manufacturing and product development. This will
allow Dr. Edmund Ho, who previously held the title of President, and who will
remain as Ascalade's Chairman and CEO, to focus on business strategy.
"We are pleased to welcome Greg to our team," said Dr. Ho. "With a strong
background in large-scale manufacturing and operations, leadership in
developing relationships with multinational OEM's and an impressive track
record of delivering significant growth and profitability we are confident he
will be instrumental in taking Ascalade to the next level."
Based at the company's head office in Richmond, British Columbia, Mr.
Allen will play a key role in helping Ascalade achieve its near and long-term
objectives. These include:
- completing and relocating to its new manufacturing facility, on time
and on budget;
- expanding its relationship with its large multinational partners;
- expanding its sales channels for maximum efficiency and distribution
- continuing to drive the companies technology leadership position; and
- improving its operating results by increasing revenue, adding more
value-added products to its portfolio and improving factory
efficiency and utilization.
"I'm very excited to be joining Ascalade at this time," said Mr. Allen.
"With its exceptional roster of customers, strong design and product
management capabilities and its new manufacturing facility scheduled to come
on line this fall the company is extremely well-positioned for growth. My goal
is to ensure Ascalade takes full advantage of all its expansion opportunities
and I look forward to being part of the Ascalade team that sees the company
reach its full potential."
Prior to joining Ascalade, Mr. Allen spent more than a decade working in
senior management positions with large, multinational manufacturing companies.
Most recently, he acted as Vice President, Canadian Operations, and then Vice
President and General Manager, IBM Account at Celestica Inc. ("Celestica").
Headquartered in Toronto, Ontario, Celestica delivers innovative electronics
manufacturing services through a global network of approximately 40
manufacturing and design facilities. During 2006, it generated revenue of
Mr. Allen's previous positions also include Engineering and Program
Management roles at Solectron Corporation, a leading global provider of
electronics manufacturing services and integrated supply chain solutions. A
native of New Zealand, Mr. Allen holds a technical diploma in Radio
Communications from the Central Institute of Technology in Wellington, New
Zealand, as well as an M.B.A. from Napier University in Edinburgh, Scotland.
Ascalade Communications Inc. is an innovative product company that
designs, develops and manufactures digital wireless communication products.
Ascalade delivers world-class products by offering partners and customers
complete vertical integration, from leading-edge product design and
development to final production. The company's products include digital
cordless phones, Voice over Internet Protocol ("VoIP") phones, digital
wireless baby monitors and digital wireless conference phones. These products
are distributed under more than 80 regional brands in over 35 countries, and
are available through leading retail stores like Radio Shack, Target, Best Buy
and Wal-Mart, as well as through on-line channels like Dell and Amazon.com.
The company has design, manufacturing and distribution locations in Richmond,
British Columbia (head office), Dongguan (China), Hong Kong and London
Forward Looking Statements:
The discussion and analysis in this press release contains
forward-looking statements that involve risks and uncertainties. When used in
this discussion and analysis the words "will", "plan", "expect", "believe",
and similar expressions generally identify forward-looking statements. These
statements are not historical facts, but reflect our current expectations.
These forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ materially
from current expectations, including the matters discussed under "Risk
Factors" and other sections of the MD&A included in Ascalade's 2006 Annual
Report, which has been filed and is available on SEDAR (www.sedar.com). These
risks and uncertainties include, among other things, risks related to: loss of
customers, political risk, management of growth, availability of funding to
pursue and grow business, dependence on key personnel, recruitment and
retention of management and qualified personnel, relationship with principal
shareholder, suppliers and availability of supplies, availability and costs of
labour, power constraints, environmental laws, construction of a new factory
and insufficient production capacity to satisfy customer demand. There can be
no assurance that our expectations will prove to be correct. Consequently, all
forward-looking statements made are qualified by these cautionary statements
and other cautionary statements and factors contained herein. Ascalade
disclaims any intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise.
For further information:
For further information: Troy Bullock, Chief Financial Officer, Ascalade
Communications Inc., Phone: (604) 204-2900, Email: firstname.lastname@example.org