Baylin Technologies Appoints new CFO

TORONTO, Aug. 1, 2017 /CNW/ - Baylin Technologies Inc. ("Baylin") (TSX:BYL) today announced that it has appointed Mr. Michael Wolfe, MBA, CPA, CA, as its Chief Financial Officer ("CFO").

Mr. Wolfe holds an MBA from McMaster University, a BA from the University of Western Ontario and CPA, and CA. Prior to joining Baylin, Mr. Wolfe enjoyed a rich and varied career amassing over 25 years' experience in private equity investing, business valuation, and financial operations both as an executive and a board member.

Mr. Randy Dewey, President and CEO of Baylin Technologies remarked that, "The Baylin Executive team and Board of Directors are excited to welcome Mr. Wolfe, a highly accomplished CFO, on a full-time basis. Mr. Wolfe's business acumen, strategic thinking capabilities, M&A expertise and significant capital markets experience is precisely what the company was looking for."

Effective immediately Mr. Wolfe will assume the role of CFO, replacing Mr. James Newell.

"I am delighted to be stepping into this role at such a great time for Baylin Technologies", said Mr. Wolfe. "The corporation is strategically poised to take advantage of many significant opportunities in the wireless industry. In addition, I look forward to actively pursuing and evaluating M&A opportunities and the potential integration of an acquisition into Baylin's suite of services."

About Baylin
Baylin (TSX: BYL) is a leading global wireless technology management company. Baylin focuses on design, development, manufacturing and delivery of leading wireless products and services. We aspire to meet our customers' needs and anticipate the direction of the market.

Forward-looking Information Cautionary Statement

This news release contains statements that may constitute "forward-looking statements" or "forward looking information" under applicable securities laws, including statements relating to, the customers and potential sales of products by Baylin and assumptions regarding the future performance of Baylin. Certain statements made in this news release that are not historical facts are also forward-looking statements. These forward-looking statements reflect management's current internal projections, expectations or beliefs and are based on information currently available to Baylin. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "predict", "potential", "continue" or the negative of these terms or other comparable terminology. A number of factors could cause actual events or results to differ materially from those discussed in the forward-looking statements. Risks and uncertainties that could cause or contribute to such differences include, but are not limited to those described under "Risk Factors" in Baylin's most recent annual information form, which is available on SEDAR. Baylin has made a number of assumptions in making forward-looking statements in this news release. Although management believes that the forward-looking statements contained herein are based on reasonable assumptions, an investor cannot be assured that actual results will be consistent with such statements. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. Baylin cannot provide any assurance that forward-looking statements will materialize. The forward-looking statements included in this news release are made as of the date of this news release and Baylin undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise except as may be required by applicable securities laws.

SOURCE Baylin Technologies Inc.

For further information: Investor Relations: Kelly Myles, Marketing and Communications Manager, Baylin Technologies Inc.,

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890