A much better wireless solution could come from a company called Waverider Communications. It trades on the OTC, symbol WAVC and its website is located at www.waverider.com The former CEO and CFO of DELL Canada and Dell Europe are now the heads of this company. Tremendous potential with this stock. Do your own DD.
WaveRider Communications Inc. is poised to become an international industry leader in wireless Internet access technology through the introduction of high-speed, low-cost alternatives to traditional "hard-wired" Internet service. With an executive team experienced in directing and managing rapid growth and leading-edge R&D developers and designers with a track record in achieving technological excellence, WaveRider has an outstanding foundation for its new Last Mile SolutionTM wireless products.
As an innovator in wireless communications, WaveRider is developing Wireless Internet Network systems that will provide the telecommunications industry with solutions that will connect end users and, in turn, fulfill the promise of the new digital age - to provide corporations and consumers alike with high-speed worldwide connectivity.
company milestones
WaveRider is completing its most exciting growth phase to date with significant developments and strong partnerships in place that stand to generate substantial revenues and establish the company as a driving force in the rapidly expanding international marketplace.
July 15, 1998: The Company announces the appointment of John M. Seminerio as Vice President, Sales.
June 18, 1998: WaveRider announces contracts for pilot installations of the NCL135 worth in excess of $1,000,000.
June 11, 1998: WaveRider announces a 4th private placement of 800,000 preferred share units to raise an additional $2,000,000 for product and market development.
April 3, 1998: The announcement of the NCL135, a cost-effective wireless bridge capable of linking multiple LANs to the Internet.
March 23, 1998: The expansion of company R&D capabilities with the opening of a new facility in British Columbia.
February 16, 1998: The appointment of Charles W. Brown, former VP and CIO of Clearnet, as vice president of marketing.
January 8, 1998: The appointment of Scott Worthington, former CFO of Dell Canada, as vice president of finance and administration.
December 22, 1997: The acquisition of privately-owned Internet Service Provider, JetStream, and its client base - ideal for pilot installations of new products.
November 18 1997: The appointment of former Dell Canada president and Dell Europe CEO, Bruce Sinclair, to the post of president and CEO.
July 7, 1997: The signing of a $33.6 million (U.S.), two-year distribution contract with Elkatel ZAO, a Russian telecommunication product and service company.
May 9, 1997: The signing of a long-term supply and manufacturing agreement with C-MAC for full turn-key manufacturing and mass distribution services.
WaveRider Communications Inc. has a patent pending on the deployment process for the WaveRider Wireless Internet Network products.
technology innovations
WaveRider wireless Internet products are significantly faster and easier to implement than traditional "hard-wired" communications networks. The first product, the NCL135, will target businesses needing point to multi-point, LAN-to-Internet connectivity. It will be released in mid-1998 and will, in turn, be upgradeable to WaveRider's flagship product, the LMS270, designed to wirelessly link thousands of end users to the Internet. The LMS270 is scheduled for rollout later in 1998.
The systems combine an advanced form of spread spectrum radio transmission with Digital Signal Processing (DSP), in order to provide wireless data services around a centralized Network Access Point (NAP). Several low-cost Cellular Access Points (CAPs) are deployed within each cell of the Wireless Internet Network, giving the system a strong and identifiable signal in any topographical area.
In terms of benefits, the technology enables Internet Service Providers (ISPs) to increase the number of end users on a network and enhance the level of service by installing additional CAPs in any particular cell. It is a scaleable system able to meet the needs of foreign and domestic markets. WaveRider's spread spectrum technology will give ISPs the flexibility to offer their customers a variable cost structure on a variety of Internet access speeds - from 24 through 135Kbps (ISDN speed) in the LMS270 and up to 512Kbps in a future update. Overall, ISPs will be able to deploy a flexible network rapidly, while significantly reducing operating costs.
market overview
It is estimated that there are currently more than 100 million Internet users worldwide with forecasts that this number will double by the year 2000.* Concurrently, the wireless industry expects unprecedented growth from about 175,000 worldwide wireless Internet subscribers today to almost three million by the year 2001.** WaveRider's unique, wireless Internet communications products are poised to succeed in this burgeoning market which will gradually change the way the world communicates.
In terms of revenues, the world market for telecommunications equipment has surpassed the $110 billion (U.S.) mark with wireless products accounting for more than 35 per cent. As well, the electronic commerce communications service market is expected to exceed $600 billion (U.S.) by the millennium.
Wall Street analysts forecast that the telecommunications industry is about to undergo a major restructuring and that two points of power will define the success of emerging companies:
Possession of the enabling technology
Ability to give bandwidths added value through connectivity services
In both cases, WaveRider Communications Inc. delivers.
Current technology industry analysis shows a large gap between what is currently available as an alternative to "wired services" and what the marketplace desires. The WaveRider Wireless Internet Network will fill that gap, emerging at a time when such wireless technology is in high demand worldwide.
* Source: European Consultancy Nua, January 1998
** Source Fuji-Keizai, USA, June 1997
management team
Bruce Sinclair MBA, Director, President & CEO
Mr. Sinclair is an industry leader who brings 20 years experience in the field of high-technology management development, organizational re-engineering and international sales and operations. Former president of computer giant Dell Canada and CEO of Dell Europe, Mr. Sinclair was instrumental in creating European sales growth from $250 million (U.S) to over $1 billion (U.S) in a two-year period for Dell Europe. With a Masters of Business Administration from the University of Toronto, Mr. Sinclair has worked in North America and Europe with several high technology companies including IBM Canada, Northern Telecom and Harris Systems Ltd.
T. Scott Worthington CA, Vice President, Finance & Administration
With an outstanding financial and operations background in the technology industry, Mr. Worthington is responsible for business and corporate finance planning, in addition to policy and procedure development. A former CFO with Dell Canada, Mr. Worthington has extensive experience in start-up and on-going operations with young technology companies. His 19 years experience as a financial and human resource specialist and his proven track record in the industry will have a significant impact on the success of WaveRider. A chartered accountant, Mr. Worthington holds an Honours Bachelor of Business Administration Degree from York University.
Charles W. Brown MBA, Vice President, Marketing
Mr. Brown is responsible for developing and executing WaveRider's overall sales and marketing strategy. He brings to the role over 16 year's experience in the telecommunications and cable communications industries. As vice president and chief information officer of Clearnet Communications, Mr. Brown was responsible for all aspects of this startup company's information systems. Mr. Brown has held marketing executive positions with Trillium Communications, BCE Mobile and Bell Mobility. Mr. Brown has also worked for several other telecommunications firms including Mitel, Telesat Canada, CTG and Bell Canada. He has an MBA from the University of Western Ontario.
John Matthew Seminerio, Vice President, Sales
With 15 years experience in the telecom industry, Mr. Seminerio is responsible for building strong teams to grow WaveRider's international distributors and direct sales, and strengthen strategic alliances. Most recently, he was president and CEO of Virtual Communications Canada. From 1995-1996, he was VP, sales and marketing for MPR Teltech Ltd., a wholly owned subsidiary of BC Telecom, part of the GTE group of companies. Before joining MPR Teltech, he was general manager and regional sales director for DSC Communications Canada Inc. His experience also includes five years at Nortel, as Canadian/Caribbean marketing manager, product manager and systems application engineer.
Stephen Grant, Vice President, Business Development
Mr. Grant has acquired a wealth of experience in local-area, wide-area and Internet networking through his work as a consultant, instructor and network administrator. As president of JetStream Internet Services, Mr. Grant has contracted with BC Hydro in the implementation of a massive area network. Mr. Grant, whose computer training and extensive industry experience make him an invaluable member of the management team, is primarily responsible for research and development with WaveRider.
Richard Antoine, Director, Hardware Development
Educated in electronic information systems engineering, Mr. Antoine has been instructing and consulting in the technology field since 1984. Specializing in the field of digital electronics and radio transmission, he has developed the WaveRider line of products that utilize spread spectrum transmission as its secure medium.
William E. Krebs CA, Director & Corporate Secretary
Mr.Krebs has extensive experience in the venture capital industry and acts as both consultant and a member of the venture capital funding group. Following 15 years in public practice as a CA, Mr. Krebs has formulated business plans, formed management teams and secured funding for a number of companies in the telecommunications industry since 1980. With a strong background in management consulting and taxation, Mr. Krebs has successfully structured a number of innovative financing vehicles both as private and public offerings.
William Laird, Director
Mr. Laird has owned and managed many businesses including Tri-power Developments, Canadian Pacific Land Corporation and Tech Crete Processors. Mr. Laird's entrepreneurial expertise and proven management skills are invaluable to the company. In addition to being a part of the Venture Capital funding group, Mr. Laird is actively involved with the day-to-day management of the R&D facility. |
