Infowave Wireless Messaging IW:TSE Message Board

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Gold/Mining/Energy : Infowave Wireless Messaging IW:TSE

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To: T.J. McIntosh who started this subject	7/5/2000 9:12:11 AM
From: straight life	Read Replies (1) of 1690

Infowave announces that Jim Mcintosh has stepped aside as President and CEO in a move designed to broaden Infowave's executive management team BURNABY, BC, July 5 /CNW/ - Infowave Software, Inc. (TSE: IW - news) announced today that Jim McIntosh has stepped aside as President and CEO effective immediately. Mr. McIntosh has advised the board of directors that he made this move to enable the appointment of a CEO with the experience and profile to lead the transition of the company into both commercial markets and the U.S. public markets. Mr. McIntosh remains on the Infowave board of directors. He will be heading up a number of special projects for Infowave in his capacity as a director. Bijan Sanii, Infowave COO, has been appointed acting President and CEO. "Over the past twelve months, Infowave has been very successful in building the foundation to realize the market opportunities of the wireless data market culminating in our recent financing and agreement with Intel," said Mr. McIntosh. "I personally believe that the time is now right to turn Infowave over to a more experienced CEO with the necessary skill set to take the company to the next stage of its growth. I look forward to participating in the future success of Infowave as a director and a significant shareholder." "Jim has made a major contribution in the nine years that he has led the company. He has truly been a visionary in positioning Infowave to become a world leader in bringing wireless data to the enterprise. The directors are extremely grateful for all that Jim has accomplished and we respect and support his decision," said Morgan Sturdy, Infowave Chairman. "Jim is initiating this important transition at the best possible time. Infowave has world-class technology, strong business development partners and a first-rate management team. Infowave is strongly positioned to take advantage of one of the fastest growing markets in the world. Today's announcement is designed as a step in moving Infowave forward to the next level of its development."

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