TORONTO, ONTARIO--(Marketwire - March 7, 2013) -
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.
Wi2Wi Corporation (TSX VENTURE:YTY) ("Wi2Wi" or the "Company") recently announced the appointment of John Lokker as Interim Chief Financial Officer of the Company, replacing Marty McFarland, who has served in the capacity of Chief Financial Officer from January 28, 2013, the date on which the previously announced arrangement received Final Court approval.
John Lokker is a Chartered Accountant and a Certified Fraud Examiner and was previously Chairman of International Sovereign Energy Corp. (ISE), as well as the Chairman of its Audit Committee and brings extensive financial and managerial expertise to the Company. He is also a Director of Wi2Wi having been appointed to the Board on the amalgamation of Wi2Wi and ISE on January 28, 2013.
Hans Black, Chairman of the Company, stated that, "I am very pleased that we have John Lokker assume the role of Interim Chief Financial Officer of Wi2Wi. He brings extensive public company experience in all areas and will be a great asset as we move Wi2Wi forward with its superior product line into the growing market of machine-to-machine (M2M) communications. This appointment will allow us to do so aggressively."
Forward-Looking Statements: This news release contains certain forward-looking statements, including management's assessment of future plans and operations, and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with the ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, reliance on industry partners, reliance on third party distributors and sales representatives,protection of intellectual property and proprietary rights, reliance on information technology systems,length of sales cycle, potential defects in products, changes in laws, increased competition, lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rate and stock market volatility. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com).
This news release contains "forward-looking statements" within the meaning of applicable securities laws relating to, among other things, certain anticipated financial results, anticipated market growth and potential corporate developments of the Company. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in Wi2Wi's business, general business, economic and competitive uncertainties.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.