SOURCE: Unity Wireless Corporation

May 22, 2007 03:00 ET

Unity Wireless Adds Expand Networks CEO to Its Board of Directors

BELLINGHAM, WA -- (MARKET WIRE) -- May 22, 2007 -- Unity Wireless Corporation (OTCBB: UTYW) today announced the appointment of Mr. Elie Barr, CEO of Expand Networks, to its board of directors. Mr. Barr replaces Mr. Ran Shahor, representing Star Ventures, one of Unity's largest Venture Fund Investors.

"We are very pleased to have Elie Barr join our board," said Ken Maddison, Chairman of Unity's Audit Committee and the company's most tenured board member. He added, "Mr. Barr's industry background and breadth of experience, contacts, and guidance will be valuable resources as we move through what we anticipate to be, a strong growth period in the companies development."

Mr. Barr is currently the President & CEO at Expand Networks, a technology company that helped pioneer the Wide Area Network (WAN) Optimization market. Before joining Expand, Mr. Barr was President and Chief Operating Officer of Paradigm Geotechnology, a transnational software company supplying software to the Oil and Gas industry through 23 subsidiaries worldwide. Prior to Paradigm, Mr. Barr was CEO and Senior Managing Director of Mofet, a publicly traded Venture Capital firm in Israel. He also held several positions in marketing, sales, and business development in a NASDAQ company, which provided solutions to telecom operators worldwide. Mr. Barr received his Bachelors degree in Economics, Philosophy, and Political Science from Bar-llan University, and is a graduate of the INSEAD Finance for Executives Management Program.

Star Ventures currently manages $980 million, with an investment portfolio of more than 180 companies, including such companies as Ciena, Alvarion, Precise, and Orckit.

Mr. Barr commented, "Unity's increasing revenue and client base, and excellent position in the dynamic global wireless industry, gives the company an exciting opportunity for growth. I look forward to working with the management team and the board of directors, to maximize Unity's potential."

About Unity Wireless

Unity Wireless is a world class provider of wireless coverage enhancement solutions for cellular operators and custom subsystems for network infrastructure manufacturers. For more information about Unity Wireless, visit www.unitywireless.com.

Forward-Looking Statements

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "feel," "plan," "anticipate," "project," "could," "should" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation, changes in external market factors including the economy, and other risks and uncertainties indicated in the Company's most recent SEC filing on form SB-2. Actual results could differ materially from the results referred to in the forward-looking statements.

Contact Information

  • Investor Contacts:
    Talal Fouani
    Wall Street Financial Corp.
    (403) 616-8472

    Mike Mulshine
    Osprey Partners
    (732) 292-0982

    Noam Yellin
    Middle East Investor Relations
    +972 (3) 695-4333