Wireless Age Communications Inc.
PINKSHEETS : WLSA

Wireless Age Communications Inc.

March 02, 2012 14:53 ET

Wireless Age Appointment

TORONTO, ONTARIO--(Marketwire - March 2, 2012) - Wireless Age Communications Inc. ("the Company") (PINKSHEETS:WLSA), operating as Vertility Technology Corp. (www.vertilitytechnology.com) Chairman, John G. Simmonds and Operating Chairman of the company's Advisory Board, William B. Packer Jr., are pleased to announce the appointment of Bruce H. Luehrs to the Advisory Board with special responsibility for the company's Waste to Energy projects in Northern Quebec.

Mr. Luehrs, a graduate of Duke University, has vast experience in the financing and operation of international energy projects. He currently serves on the Board of Directors of Seaview Holdings LLC. (Blue Bell, Pennsylvania); the Board of Directors of Utility Service Solutions LLC. (Dallas, Texas); and Intelligence International Inc. (Wayne, Pennsylvania).

Mr. Packer, former Chairman of CITGO Oil (U.S. Lubes), and current Chairman of Seaview Holdings LLC., Packer Financial LLC., and Chairman and CEO of Seaview Petroleum, the largest asphalt refiner on the US Eastern Seaboard stated, "Bruce is an outstanding addition to the Vertility Waste to Energy Team. As we move forward with our first Project in Saguenay, Quebec, and our second project - a Joint Venture with an international Fortune 150 Company in Northern Quebec, Wireless Age will have to significantly expand our Vertility Team. Although, I will be spearheading both initiatives, Bruce Luehrs will be our "point Man" - co-coordinating project management. Together, we will take the necessary steps in creating viable and sustainable financing g to see these two innovative and spectacular projects through to their conclusion."

John G. Simmonds, Chairman & CEO stated, "This move was critical for Wireless Age. We have spent over 3 years and millions of dollars developing the relationships and expertise in the Waste to Energy Sector. Against all odds, we have been successful in outmatching and outbidding some of the world's leading firms and companies in this sector. We have to recognize our limitations. The Vertility Waste Management Solutions Team had neither the breadth nor the depth to take these first Canadian Projects of their kind through to completion. So we did what we have always done, went out and got the best in the world to be our partners. Bill Packer's stewardship in building successful businesses in this sector is legendary. His development of Seaview is one of the most courageous, Waste to Energy stories of our time. Bruce Luehrs is among a select group of maybe a dozen North Americans who has the experience of working in a Joint Venture with a Fortune 150 Company. He and Bill are able to attract the financing which will be necessary for Wireless Age shareholders to realize the return on their investment in this sector.

The Bill Packer led Vertility Waste Management Solution team, with Mr. Luehrs as "Point Man" will begin its work immediately at its new Blue Bell, Pennsylvania Headquarters.

This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Wireless Age Communications, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company's ability to retain key management and employees; intense competition and the company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Wireless Age Communications, Inc. SEC filings. Wireless Age Communications, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications, Inc.'s business, please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications, Inc.'s SEC filings.

Contact Information

  • Wireless Age Communications Inc.
    Mr. John G. Simmonds
    Chairman, President and Chief Executive Officer
    905-833-2753 ext. 223
    jgs@fanocorp.com