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Technology Stocks : Koala International Wireless Inc. (OTCBB: KIWI) -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (25)	12/4/2003 3:56:43 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 130

04/28/03 Koala Announces Appointment of Terry Clarke as President and Chief Executive Officer TORONTO--(BUSINESS WIRE)--April 28, 2003--Koala International Wireless Inc. ("Koala" or the "Company") (KIWI - news) announced today that the Board of Directors approved the appointment of Terry Clarke as President and Chief Executive Officer of the Company. Mr. Clarke has over 25 years of leadership and management experience and replaces Miguel Caron who had been serving as Koala's President. Mr. Caron has joined LYRtech Inc. (www.lyrtech.com CDNX: LYT), as CEO of the 20 year old high technology engineering company, while accepting the position as Chairman of the Board of Koala. Mr. Caron will continue to work closely with Mr. Clarke, on behalf of the Company, to assist Koala in obtaining contracts and to fulfill his duties and obligations in assuring that the business of the Company continues to move forward towards meeting its objectives which includes ongoing talks with Lyrtech to complete the customization of the KIWI device and initiating the development of the next version of the product. Miguel Caron stated, "I am pleased that Terry has accepted the Board's offer to serve as President and Chief Executive Officer. Mr. Clarke had an excellent track record while he was with OnX Enterprise Solutions Inc., serving in the role as Director of Professional Services for the past five years. His leadership expertise coupled with the confidence he has built within the business community should provide the company with the opportunity to more aggressively implement its business plan. My new position, in both companies, will have a positive impact for all parties. There is a lot of synergy between Koala and Lyrtech and we will be able to maximize that." Mr. Clarke brings with him proven leadership and a disciplined management and operational style. He has worked throughout his career in various operational, administrative and management roles in the fields of education, politics, software development and IT. Mr. Clarke also brings with him the much sought after negotiation skills needed by Koala, which are presently required to conciliate with larger companies for possible joint ventures and/or acquisitions with Koala International Wireless Inc. Mr. Clarke stated, "I am extremely excited about the opportunity to help guide Koala through the evolution of an R&D organization into becoming a production company with proven product lines, services and an established client base generating a recurring revenue stream. When I left my position at OnX this year, I did so to pursue other areas of interest and opportunities. I welcome the participation in the day-to-day operations of Koala along with the ability to address Koala's present business challenges - including the approval and acceptance of the company's proprietary device and network services. I am joining the management team of Koala because I believe in the company, its mission and further believe that the company's device and services will be well received throughout the world. I strongly believe that my skills and business philosophies will have a positive effect on the team at Koala, our customers and our shareholders. I look forward to the challenge that my new role presents." Mr. Caron further commented, "With Terry joining Koala as President and Chief Executive Officer, I believe that his addition will enhance our management team, evolving organizational structure, and the continued successful implementation of the Company's business plan." About Koala: Koala is developing an International Mobile Virtual Network Operator (IMVNO) platform to allow the delivery of voice, data and Short Messaging over multiple networks. Concurrent with the IMVNO development, Koala is pursuing the development of applicable devices to serve the network subscribers. The IMVNO strategy will enable subscribers to access the Internet, play and store MP3, utilize existing applications including calendaring, contact management systems, email and Short Messaging and additional functionality, some not currently available in the marketplace. Forward Looking Statements This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words "will," "upon," "develop(ment)" 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. investor.news.com