SOURCE: ISCO International, Inc.

August 30, 2007 13:29 ET

ISCO International Adds John Owings to Its Board of Directors

ELK GROVE VILLAGE, IL--(Marketwire - August 30, 2007) - ISCO International, Inc. (AMEX: ISO), a leading provider of radio-frequency management and interference-control systems for the wireless telecommunications industry, announced today that Mr. John Owings has joined ISCO's Board of Directors.

Mr. Owings is currently Vice President, Finance of Nortel Networks (NYSE: NT), and has responsibility for the Carrier Networks business, NT's largest segment. The Carrier Networks business is a global provider of hardware and software solutions for the wireline and wireless telecommunications industry. Prior to joining Nortel, Mr. Owings served as CFO for three different entities, including the Personal Communications Sector of Motorola, Inc. (NYSE: MOT).

"John is precisely the type of person who can add tremendous value out of the gate," said ISCO's President and Chief Executive Officer John Thode. "He brings a blend of finance and operations experience directly within the wireless industry," Thode said.

Safe Harbor Statement

Because the Company wants to provide investors with meaningful and useful information, this news release contains, and incorporates by reference, certain "forward-looking statements" that reflect the Company's current expectations regarding the future results of operations, performance and achievements of the Company. The Company has tried, wherever possible, to identify these forward-looking statements by using words such as "anticipates," "believes," "estimates," "looks," "expects," "plans," "intends" and similar expressions. These statements reflect the Company's current beliefs and are based on information currently available to it. Accordingly, these statements are subject to certain risks, uncertainties and contingencies, which could cause the Company's actual results, performance or achievements to differ materially from those expressed in, or implied by, such statements. These factors include, among others, the following: market acceptance of the Company's technology; the spending patterns of wireless network operators in connection with the build out of 2.5G and 3G wireless systems; the Company's ability to obtain financing in the future if necessary; the Company's history of net losses and the lack of assurance that the Company's earnings will be sufficient to cover fixed charges in the future; uncertainty about the Company's ability to compete effectively against better capitalized competitors and to withstand downturns in its business or the economy generally; continued downward pressure on the prices charged for the Company's products due to the competition of rival manufacturers of front-end systems for the wireless telecommunications market; the timing and receipt of customer orders; the Company's ability to attract and retain key personnel; the Company's ability to protect its intellectual property; the risks of foreign operations and the risks of legal proceedings. A more complete description of these risks, uncertainties and assumptions is included in the Company's filings with the Securities and Exchange Commission, including those described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements. The Company undertakes no obligation to release publicly the results of any revisions to any such forward-looking statements that may be made to reflect events or circumstances after the date of this Report or to reflect the occurrence of unanticipated events.

Web site: http://www.iscointl.com

Contact Information

  • CONTACT:
    Mr. Frank Cesario
    PHONE: 847-391-9492
    INTERNET: Email Contact