19 Aug 2008 07:00
Redline announces changes to senior management team
-- Chris Koeneman Named as VP Worldwide Sales; Nancy Orr Appointed Acting
CFO --
TORONTO, Aug. 19 /CNW/ - Redline Communications Group Inc. ("Redline") , a leading provider of standards-based WiMAX access and broadband wireless infrastructure products, today announced several changes to its senior management team. Chris Koeneman, a veteran telecommunications executive, has joined Redline as Vice President of Worldwide Sales, responsible for Redline's sales efforts and working to accelerate the deployment of Redline's Mobile WiMAX solutions worldwide. In addition, Nancy Orr, a member of Redline's Board of Directors, has been appointed interim Chief Financial Officer, replacing Thomas Hearne who has resigned as CFO of Redline as of August 29, 2008.
"We are excited to have Chris Koeneman join our senior management team and lead the expansion of Redline's customer footprint worldwide," said Majed Sifri, President and CEO of Redline. "Chris brings a wealth of experience managing sales teams within public and private organizations and executing aggressive sales strategies targeted to reach carriers of all sizes both in emerging and established markets. We look forward to leveraging Chris' experience to accelerate the global deployment of Redline's RedMAX, RedCONNEX and RedACCESS solutions."
Chris Koeneman brings over 20 years of experience with carriers around the globe. He most recently served as Vice President of Worldwide Sales for Colubris Networks. Mr. Koeneman has also held sales leadership roles at Avici, Celox, Cisco Systems, Stratacom, and AT&T. He holds an MBA degree for Georgia State University and a BA degree from Indiana University.
"Redline has established itself as a leader in true WiMAX development and deployments, with an impressive roster of carrier customers around the world," said Mr. Koeneman. "I am excited to join Redline at this pivotal point with its high-capacity WiMAX Forum Certified(R) RedMAX(TM) products now widely deployed and its RedMAX 4C Mobile WiMAX products coming to market this year."
Nancy Orr has been appointed acting CFO as Thomas Hearne, Redline's Chief Financial Officer, has resigned from Redline to pursue other career opportunities. Mr. Hearne has also resigned from Redline's Board of Directors. Ms Orr, who recently joined Redline's Board of Directors, received an M.B.A. from Queen's University in 1974 and a C.A. in 1977. She became a fellow of the Quebec Order of Chartered Accountants in 1988 and has been a member of several boards of directors, including Dundee Wealth Inc. and the Bank of Canada. The Company has commenced the search for a permanent replacement.
About Redline Communications
Redline Communications (www.redlinecommunications.com) is the leading provider of fixed and mobile standards-based wireless broadband solutions. Redline's RedMAX(TM) WiMAX Forum Certified(TM) system, RedMAX 4C Mobile WiMAX(TM) products, and its award-winning RedCONNEX(TM) and RedACCESS(TM) families of broadband wireless infrastructure products enable service providers and other network operators to cost-effectively deliver high-bandwidth services, including voice, video and data communications. Redline is committed to maintaining its wireless industry leadership with the continued development of WiMAX and other advanced wireless broadband products. With more than 100,000 installations in 85 countries, and a global network of over 170 partners, Redline's experience and expertise helps service providers, enterprises and government organizations roll out wireless broadband networks to support advanced communications. For more information visit www.redlinecommunications.com.
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Certain statements in this release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws and are made pursuant to the "safe harbour" provisions of such laws. Statements related to potential benefits of, and demand for, Redline's products including statements with respect to the features and benefits that may be achieved through the use of Redline's products and the relative position of these products vis-ƒ -vis competitive offerings in the industry are forward-looking statements which are subject to certain assumptions, risks and uncertainties. These risks and uncertainties include such factors as rapid technological changes, long uncertain sales cycles, demand for our products, the introduction of competing technologies, meeting industry standards, regulatory risk, dependent on key partners and resellers and other similar factors that may cause the actual results, performance or achievements of Redline to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Redline assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For further information: Redline Communications, Carolyn Anderson, ChantelleBani, canderson(at)redlinecommunications.com,cbani(at)redlinecommunications.com, Tel: (905) 479-8344; Equicom Group, CraigArmitage, Vanessa Beresford, carmitage(at)equicomgroup.com,vberesford(at)equicomgroup.com, Tel: (416) 815-0700; Canaccord Adams, NeilJohnson, Andrew Chubb, Tel: +44 (0)20 7050 6500(RDL)
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