Wireless Age Communications Inc. Acquires Manufacturing Rights and New Executive Appointments
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 05/31/12 -- John G. Simmonds, Chairman & CEO of Wireless Age Communications, Inc. ("WLSA")(PINKSHEETS: WLSA) operating as Vertility Technology Corporation ("Vertility") (), is pleased to announce that it has entered into an agreement to acquire the manufacturing rights to a rear loading refuse packer for the Waste Handling Industry.
David A. Murray, a Waste Industry executive with extensive Canadian and International experience will become President of the newly formed division of Vertility and will divide his time between his current business and the new business.
Mr. Murray has been in the Waste industry for over 35 years in ownership and senior management positions. Over the years he has been involved in successful startup operations and has managed a few successful turn a rounds. After many years devoting his expertise and industry acumen to the service side of the waste management industry, he has been unquestionably one of the largest manufacturers and distributors of refuse trucks and waste equipment in North America. Mr. Murray's expertise in Waste Management goes far beyond the manufacturing sector. Indeed, during the last decade he has distinguished himself as an industry leader in the sale of waste and recycling vehicles, containers, compactors, balers, conveyors, extruders and several custom build designs. He is arguably one of Canada's foremost experts in waste management equipment from the manufacturing, service and sales perspective.
Jeffrey Jouppi, P Eng., will also join the new team on the same basis as Mr. Murray. Mr. Jouppi graduated from the University of Waterloo in 1983 with a degree in Mechanical Engineering, and has devoted his entire professional career to improving the efficiency and performance of waste management equipment. He was initially a Design Engineer with Dempster Systems Ltd. and his success of contribution to the essential science of waste handling equipment has been the subject of industry attention and commentary ever since. Mr. Jouppi was instrumental in the design of the Ontario Ministry of Labor's Pinch Point Safety System required for all rear loading refuse vehicles.
Precision Waste Systems Ltd. has agreed to provide manufacturing support until the business can operate profitably out of their new location.
John Simmonds stated, "I am very excited about this opportunity to continue in manufacturing and service for the Waste Handling Industry. Mr. Murray and Mr. Jouppi's expertise and relationships provide us with an introduction to the key players in the industry."
Mr. Murray added, "There is a very strong market today for rear loaders in the Canadian market place and I look forward to being part of this dynamic team."
Vertility Technology Corporation is a public company focused on acquiring and expanding companies providing end-to-end life cycle solutions for waste and energy efficient products and services for residential, commercial and industrial end users.
This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Wireless Age Communications, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company's ability to retain key management and employees; intense competition and the company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Wireless Age Communications, Inc. SEC filings. Wireless Age Communications, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications, Inc.'s business, please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications, Inc.'s SEC filings.
Contacts:
Wireless Age Communications Inc.
Mr. John G. Simmonds
Chairman, President and Chief Executive Officer
905-833-2753 ext. 223
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Datum: 31.05.2012 - 14:16 Uhr
Sprache: Deutsch
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