DECEMBER 12, 2000-08:50 EST SMOKE&MIRROWS Press release
Compression & Encryption Technologies Inc. Dr. Horst
Schmid Appointed To Compression & Encryption Technologies
Inc. President's Advisory Council
EDMONTON, ALBERTA--Mr. Don Makowichuk, President of Compression
and Encryption Technologies Inc. (CYH) is pleased to welcome Dr.
Horst Schmid to the company's President's Advisory Council. Dr.
Schmid brings to the company significant experience in business
development and international business protocol. The purpose of
the council is provide guidance and insight to the president and
company management as the company executes its business plan to
become a major player in the Broadband optimization. Also
appointed to the council are Mr. Brad Belke and Mr. Robin
Pillainayagam.
Dr. Schmid was the CEO and major shareholder of an export company
for almost 20 years. In 1971 he was elected to the legislature of
Alberta where, over 15 years, he held various offices, including
Minister of State for Economic Development, and Minister of
International Trade. For the next 10 years he was the Commissioner
General for Trade and Tourism for the Government of Alberta. In
this role, Dr. Schmid earned the respect of many international
business executives and government officials as he promoted
Alberta products and services to the global marketplace. After
retiring from public office he recommenced his International Trade
Business.
Dr. Schmid holds various other executive and board positions, both
in the public and private sectors. He has been awarded numerous
National and International Honours including Hon. Doctor of Laws
from the University of Alberta. He is an Honourary Director of
several Foundations in countries such as Canada, China and
Thailand.
After graduating in 1982 with a B.Sc. in Electrical Engineering
from the University of Alberta, Mr. Belke began his career as a
Design Engineer and Project Manager involved in the development of
microprocessor based systems for agricultural electronic test and
measurement equipment. Through his career, he has been
responsible for all aspects of the development process including
the conceptualization, design, approvals, manufacturing,
marketing, setting up distribution channels and servicing of
various products. Some of these products were developed in
conjunction with leading North American telecommunication service
providers and manufacturers. Mr. Belke has also been involved in
the development and marketing of microprocessor based systems for
oil field flow computers, medical equipment, and electronic key
telephone system peripherals. Mr. Belke started his own company in
1988 and is founder and President of the OKKO group of companies,
which has been an active supporter of CYH since 1998.
Mr. Pillianayagam is a successful entrepreneur with over 30 years
of experience in the office products industry with the last 10
years focused primarily on the computer consumables and
information processing supplies. In addition to gaining
experience in sales and marketing in Western Canada, Mr.
Pillianayagam has gained strong corporate negotiation skills
through the sale of his own enterprises to a major US based
international corporation. He continued to serve a role as Vice
President for Canadian Sales and Marketing for two years following
the transfer. In his current role as a business management
consultant, he is a strong asset for CYH to draw on as the company
goes through it planned growth program.
"The advisory committee brings a wealth of experience in
technology, business and international trade, which are
cornerstones for the companies corporate development process."
states Mr. Makowichuk.
In conjunction with the creation of the President's Advisory
Council, the board of directors of the company has approved the
issuance of 200,000 options under the "Directors and Employees
Stock Option Plan" at a price of $.30.
The family of CYH data link optimization products and technologies
are designed to expand the usable bandwidth of Wide Area Network
(WAN) services. The current products deliver up to four times the
throughput normally available on existing data links. Data
communications carriers provide these WAN services on a monthly
lease basis. The value of the extra bandwidth obtained from the
use of the hardware is dependent upon the costs of the bandwidth.
Optimization technologies under development are targeting to
relieve the increasing demand for more and more bandwidth on
existing Broadband networks such as xDSL, wireless and cable
technologies. The continued demand for this bandwidth is
increasing at a rate which is faster than the current ability to
continuously upgrade existing infrastructure, providing the
opportunity to create effective optimization solutions for both
the Telecommunications and Cable industries.
CYH trades on the Canadian Venture Exchange (CDNX) under the
symbol CYH. Corporate and product information about CYH is
available on the World Wide Web at wanoptimizers.com
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Compression & Encryption Technologies Inc.
Ken Stickland
(780) 469-3898 or Toll Free: 1-877-FAST-WAN
(780) 469-4317 (FAX)
E-mail: kstickland@wanoptimizers.com
Website: www.WANoptimizers.com
The Canadian Venture Exchange has neither approved nor disapproved
the information contained herein.
INDUSTRY: SVC
SUBJECT: PER |
