|By Business Wire||
|February 7, 2014 07:00 PM EST||
Wi2Wi Corporation ("Wi2Wi" or the "Company")(TSX-V:YTY) wishes to announce that David Oksenberg and David Tahmassebi have stepped down from the Wi2Wi Board of Directors.
“Mr. Oksenberg and Mr. Tahmassebi have held pivotal roles in shaping Wi2Wi’s vision, and we greatly appreciate the unique perspectives and undeterred dedication both committed during their time,” said Chairman Hans P. Black. “We would like to thank both Mr. Oksenberg and Mr. Tahmassebi for their invaluable contributions to the Wi2Wi Board and wish them continued success in their future endeavours.”
Wi2Wi is a leader in industrial-class WiFi, WiFi-Bluetooth and GPS system-in-a-package (SiPs). Wi2Wi focuses on industrial (including Automotive), medical, infrastructure (including smart-home/smart building) and government markets worldwide. Wi2Wi's products and value-added services provide highly integrated, multifunctional wireless sub systems as complete wireless connectivity solutions for the Machine-to-Machine (M2M) and portable device applications globally. The Wi2Wi product range is designed for long life and under a wide range of temperature variables.
For further information, please contact:
|Dr. Reza Ahy|
|Chief Executive Officer|
DISCLAIMERS: Forward-Looking Statements: This news release contains certain forward-looking statements, including statements relating to the closing of the proposed Offering and use of proceeds 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 delays resulting from or inability to obtain required regulatory approvals, ability to access sufficient capital, the impact of general economic conditions in Canada, the United States and overseas, industry conditions 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, including the amount of proceeds, that the Company will derive therefrom. 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).
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.
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