SOURCE: Sanwire Corporation

December 02, 2013 08:00 ET

Sanwire Corporation Appoints New Chairman of the Board and Director

TULSA, OK--(Marketwired - Dec 2, 2013) - Sanwire Corporation (OTCQB: SNWR) ("Sanwire" or the "Company"), a global provider of wireless communications services and data solutions, is pleased to announce the appointment of Mr. Rick Bjorklund as the Company's new Chairman of the Board and director. Mr. Bjorklund is currently the President of Sanwire's wholly owned subsidiary Aero Networks ("Aero"). The appointment is effective immediately.

As Aero's President, Mr. Bjorklund has been instrumental in growing Aero's revenues and will continue to implement its growth strategies along with Sanwire's expansion plans. Mr. Bjorklund brings a great depth of experience to the role of the Company's Chairman and will continue to manage Aero's operations as its President.

"I am very pleased to have Rick as Sanwire's Chairman of the Board and director," stated Naiel Kanno, President and CEO of Sanwire. "Rick's appointment is designed to better align and focus Sanwire's corporate growth initiatives."

"I'm very excited to join Sanwire's Board of Directors and assume the role of Chairman of the board," stated Mr. Rick Bjorklund. "Sanwire's vision of operating a number of wireless communications subsidiaries that are vertically integrated provides an excellent value proposition to our customers and shareholders. The market potential for wireless services over the next few years continues to grow. I am very excited at the opportunity to establish Sanwire as an industry leader in this market space."

Sanwire would also like to thank Mr. Carman Parente who resigned as Sanwire's Chairman of the Board and director. Mr. Parente was instrumental in guiding the Company through challenging times in the last few years.

About Sanwire Corporation
Sanwire is a global provider of wireless communications services, data solutions, and application software/hardware. Sanwire's vertically integrated portfolio of solutions target a diverse array of enterprises and multiple disciplines with one goal in mind -- deliver efficient and reliable communications. For more information, visit www.sanwire.net. Sanwire has two wholly owned subsidiaries in its current portfolio, iPTerra Technologies and Aero Networks. iPTerra is a designer, developer, manufacturer and marketer of a real-time 2-way wireless and/or wireline communications, and mine-safety solution for the global mining and industrial industry (www.ipterra.net). Aero Networks provides advanced telecommunications and broadband services to rural communities and Native American tribes with focus on public safety, education and healthcare sectors. Aero is a pioneer in delivering 4G/LTE, TV White Space, and advanced wireless technologies (www.aeronetworks.net).

Certain statements included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations.

Contact Information