Tranzeo Wireless Technologies Inc.
TSX : TZT

Tranzeo Wireless Technologies Inc.

October 15, 2009 09:00 ET

Former Senior Finance Executive of AT&T Joins Tranzeo Wireless Board

PITT MEADOWS, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2009) - Tranzeo Wireless Technologies Inc. (TSX:TZT), a leading producer of high-performance wireless broadband and WiMAX communication systems, announces the appointment of Stephen Carson to the Board of Directors and as Chair of the Audit Committee.

Mr. Carson has been providing independent consulting services for the past twelve years consisting of executive level support with an emphasis on operational excellence, financial leadership, strategic planning and international operations and ventures. Mr. Carson previously held the following positions:

  • Vice-Chair of the Board of Directors and Chair of the Audit Committee of Natural Convergence Inc., a supplier of hosted VoIP applications that enable service providers to sell improved services to small business and branch office markets (July 2004 to April 2009).
  • Chief Financial Officer of Wavesat Inc., a global leader in mobile broadband, providing advanced semiconductor solutions (October 2005 to July 2008).
  • President, Chief Operating Officer, Member of the Board of Directors and Chair of the Audit committee of Castek Software Factory Inc, a provider of software development services for enterprise wide systems (October 2000 to May 2002).
  • President, Chief Operating Officer, Chief Financial Officer, Member of the Board of Directors and Chair of the Audit Committee of Claremont Technology Group, a provider of IT solutions based on client/server software (1997/ 1998); and
  • Senior Board Advisor of the Solect Technology Group, a developer of billing and administrative software for internet service providers and wireless telephone service carriers.

Currently, Mr. Carson serves on the Board of Trustees for the University of Indianapolis and is on the Finance Committee as well as the Chair of the Audit Committee.

Mr. Carson retired from AT&T Corp in 1997 where he worked for 29 years with his last position being Vice-President and CFO of the single largest business unit in the company, the AT&T Consumer and Small Business Long Distance Unit.

"We are very pleased to welcome Stephen to the Tranzeo Board of Directors and as Chair of the Audit Committee. His extensive knowledge base and executive management experience in the telecommunications industry will substantially strengthen the company," commented Tranzeo President and CEO Jim Tocher.

Also announced today is the resignation of Mr. Christoph Lingenthal from the board of directors. Mr. Lingenthal was appointed to the board in March 2008. Mr. Carson replaces Mr. Lingenthal as an independent board member.

About Tranzeo

Tranzeo Wireless Technologies Inc. (TSX:TZT) leads the wireless broadband industry as a premier manufacturer of high-performance wireless network equipment that allows communities and businesses to communicate without boundaries. Tranzeo's optimum cost effectiveness, premium quality and responsive support have attracted a growing and devoted worldwide following of more than 2,465 dealers and 15 distributors. Tranzeo's full spectrum of point-to-point and point-to-multipoint radios, WiMAX equipment, and mesh network solutions are designed for wireless internet service providers, governments, campuses, military, carriers, enterprise customers, and systems integrators around the globe. Headquartered in British Columbia, Canada, Tranzeo also has offices in San Diego, California and Shannon, Ireland. Visit www.tranzeo.com or phone 1.866.872.6936 for more information.

Forward Looking Statements

This press release may contain forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, revenues, and other expectations. These statements reflect our current expectations and are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in the wireless data communications market.

Tranzeo and the Tranzeo logo are registered trademarks of Tranzeo Wireless Technologies Inc.

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