05/02/02 Koala International Wireless Announces Hiring of New Chief Operating Officer, J. Murray Souter
Business Editors & Technology Writers
TORONTO--(BUSINESS WIRE)--May 2, 2002
Koala International Wireless, Inc. (OTCBB: KIWI), a provider and developer of next-generation wireless products and services, announced today that J. Murray Souter has accepted the position of Chief Operating Officer, Canadian Division.
Mr. Souter will also assume responsibility for all operations, billing, system support, infrastructure and operational strategy for Koala and will be based in Toronto.
Mr. Souter is the former President of Sprint Canada (Consumer Services and Small Business Group) and has held senior executive positions with Aliant Inc., Bauer Canada Inc., Frito-Lay Canada and Reebok Canada Inc. Mr. Souter holds an Honors Business Administration (HBA) Degree from Wilfrid Laurier University.
"The pedigree and experience that Mr. Souter brings to Koala, together with his strong relationships and proven track record of integrating emerging telephony and convergence technologies, will further augment the strategic business direction of Koala," said Michael Johnston, President of Koala.
Koala International Wireless, Inc. is developing and will provide leading-edge wireless communication, information and entertainment products and services. Koala is assembling and integrating a virtual network and applications platform that uniquely positions the Company to capitalize on several existing and complementary market opportunities. By aggregating and consolidating the available infrastructure of existing cellular carriers, Koala is building a Mobile Virtual Private Network (MVPN) that enables the KIWI, Koala's next-generation personal communications device, and other wireless devices, to access the Internet and other services.
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words "will," "can," and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future expectations.
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