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Toronto (Profitable.com) Wi2Wi Corporation (“Wi2Wi” or the “Company”) (TSX-V: YTY) today announced the election of Prakash Hariharan to its Board of Directors.
“We are excited to have Mr. Hariharan join our Board. His capital markets experience and engineering background align well with our business growth strategy, as the Company looks to leverage its core competencies in order to increase the scope and reach of its leadership position in wireless solutions for embedded applications. Mr. Hariharan’s extensive experience and understanding of capital markets, particularly for those related to wireless integration technologies will help Wi2Wi pursue and execute on future strategic opportunities, to enhance shareholder value,” stated Wi2Wi Chairman Dr. Hans Black.
Prakash Hariharan was formerly a portfolio manager at Front Street Capital focusing on Growth and Income Strategies in the yield space with a focus on technology and agriculture investments. Mr Hariharan also spent time at Dominion Bond Rating Services, analyzing and rating structured investment products. He holds a financial engineering degree from York University, an MBA from the Schulich School of Business, and an undergraduate degree in chemical engineering.
About Wi2Wi Inc.
Wi2Wi is a leader in Wireless System-in-Package (SIP) Solutions for Machine-to-Machine (M2M) and portable device embedded applications worldwide, including WiFi, Bluetooth, and GPS. Wi2Wi focuses on Industrial, Medical, Government, & Infrastructure markets worldwide. Headquartered in San Jose, California, Wi2Wi provides leading-edge wireless solutions for embedded applications with substantial savings on time-to-market, cost, and system-integration. Wi2Wi solutions also leverage its patent-pending wireless integration technology along with tier-1 global partnerships with industry leading silicon and supply chain companies, serving a large number of Fortune-500 customers.
This news release contains certain forward-looking statements, including management’s assessment of future plans and operations, and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation, risks associated with the ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, reliance on industry partners, reliance on third party distributors and sales representatives ,protection of intellectual property and proprietary rights, reliance on information technology systems ,length of sales cycle, potential defects in products, changes in laws, increased competition, lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rate and stock market volatility. The Company’s actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-lookingstatements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). This news release contains “forward-looking statements” within the meaning of applicable securities laws relating to, among other things, certain anticipated financial results, anticipated market growth and potential corporate developments of the Company. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in Wi2Wi’s business, general business, economic and competitive uncertainties.
Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release is not for dissemination in the United States or to U.S. persons.