Wireless Age Communications Inc.

Wireless Age Communications Inc.

April 28, 2011 15:49 ET

Wireless Age Communications Announces Appointment of Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - April 28, 2011) - Wireless Age Communications, Inc. (PINK SHEETS:WLSA) ("Wireless Age" or "the Company") is pleased to announce the appointment of Mark A. Donovan as Chief Financial Officer of the Company.

Chairman and Chief Executive Officer, John G. Simmonds stated, "Mr. Donovan's appointment brings a rigorous and extensive three month Search and Interview process to an exciting conclusion. Our Senior Management Search Team, particularly our Chief Administrative Officer, Mike Duffy, who has extensive experience, having placed over 250 CEO's during his career, did not believe that our process would attract applications of such a high quality from the United States. We were delighted and humbled by the interest of so many highly qualified Financial Officers. Mr. Donovan is a world-class Financial Executive who has had leadership positions in both Canada and the U.S. with Collective Brands, Blockbuster International, Blockbuster Canada, and Silcorp Ltd (Mac's Convenient Stores). His business acumen and judgement are in high demand all over the world. The Company is very excited by Mr. Donovan's decision to embrace our vision and goals."

Mr. Donovan was born and raised in Toronto, Ontario. He is a graduate of Sir Wilfred Laurier in Waterloo, Ontario and has attained the 5th level C.G.A. He is a Lean Six Black Belt and has lectured at The University of Texas, Dallas and at Washburn University. He has also lectured and taught Lean Six in the United States, Central America, China and Canada. He has served as a Member of the McKinney, Texas Chamber of Commerce, the De La Salle College "Oaklands" Founding Board of Trustees, the Motion Picture Foundation of Canada, the Child Abuse Prevention Foundation and The Retail Executive Group of Canada.

While serving as Director of Continuous Improvement ("CI") for Collective Brands, Mr. Donovan developed, implemented and supervised programs which achieved record corporate results. While Director of Finance for Blockbuster Canada, he demonstrated his extraordinary Business Development, Construction and Expansion skills while co-ordinating the chain's growth from 29 to 325 stores in a short period of 5 years.

Mr Donovan's appointment will take effect as of May 1, 2011, and he will commence being an onsite, operating C.F.O. immediately.

About Wireless Age Communications:

Wireless Age brings together technologies and companies focused on innovative and cutting edge energy and environmental solutions. Business lines range from the marketing and installation of energy efficient household products, to the design, manufacture, and installation of waste handling and remediation systems. Wireless Age is positioned to benefit from the momentum building in the rapidly growing "green" and "renewable energy" marketplace.

Wireless Age has backstopped this strategy through the development of a seasoned management team with significant sales, marketing, operations and financial experience in the manufacturing, services and the renewable energy fields. This team also has demonstrated competencies in leading high growth companies and creating value for shareholders.

Note: 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.

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