RANCHO MIRAGE, CA, Feb. 7 /CNW/ - Craig Wireless Systems Ltd. ("Craig Wireless" or the "Company") (TSX: CWG), is pleased to announce that it has appointed Mr. Murray
Bamforth as its Interim Chief Financial Officer, effective immediately.
Mr. Bamforth replaces Mr. Wesley Thiessen, the Company's current Chief
Financial Officer, who, as earlier announced, will be leaving Craig
Wireless effective February 28, 2011 in order to pursue other career
opportunities. Mr. Bamforth has been engaged on an interim basis while
the Company continues its search for a permanent replacement CFO.
A Chartered Accountant, Mr. Bamforth is an accomplished finance
executive with over 30 years of experience as a senior financial
executive, CFO and external auditor.
Mr. T. Boyd Craig, the President and Chief Executive Officer of Craig
Wireless said, "I am pleased to have someone with Mr. Bamforth's
knowledge and experience joining our team during this transitional
Previously Mr. Bamforth held various senior positions with Manitoba
Telecom Services Inc., Bell West Inc. and Allstream Inc., including
Chief Corporate Officer, Chief Transition Officer, Corporate
Controller, CFO and Internal Audit & Risk Management. Mr. Bamforth is
currently the President of his own management consulting practice
specializing in business planning, processes, transformation and
financial reporting, having recent engagements with both large and
small public companies. Mr. Bamforth was also previously an external
audit manager for several years with Touche Ross & Co. (now Deloitte &
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: firstname.lastname@example.org