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ARC Wireless Solutions Names New Executives
(Market Wire Via Thomson Dialog NewsEdge) WHEAT RIDGE, CO, November 7 / MARKET WIRE/ --
ARC Wireless Solutions, Inc. (NASDAQ: ARCW)
today announced that it has named Steven C. Olson as President and Todd J.
Schaefer as Vice President of Sales of its Wireless Communications
Solutions Division.
Mr. Olson, who has over 20 years of wireless experience, joined the Company
in 2001 as part of the acquisition of certain antenna assets from Ball
Corporation. Mr. Olson brings a wealth of diverse experience in the areas
of RF Engineering, product knowledge and strategic development. Mr.
Schaefer joined the Division as Director of Sales in early 2006 and has
proven his ability to further the expansion of our antenna division by
developing a solid team of sales and marketing personnel as well as the
addition of numerous new domestic and international customers.
The Company also announced today that Richard L. Anderson has been named
Executive Vice President of ARC Wireless Solutions, Inc. Mr. Anderson, who
has been with the Company since 1994, will be directly responsible for
corporate development, which will include shareholder liaison and internal
compliance.
"All of these gentlemen understand the vision of the Company and its
commitment to its shareholders. We are pleased with their current efforts
and look forward to their future contributions to our success," stated
Randall P. Marx, Chief Executive Officer.
About ARC Wireless Solutions, Inc.
ARC Wireless Solutions, Inc. is involved in selective design,
manufacturing, marketing and selling of a broad range of wireless
components and network products and accessories. The Company develops,
manufactures and markets proprietary products, including Wi-Fi and
WiMAX(TM) panel antennas, mobile GPS, and cellular antennas, as well as
base station antennas (for cellphone towers), through its Wireless
Communications Solutions Division; it designs, manufactures and distributes
cable assemblies for cable, satellite and other markets through its
Starworks Wireless Inc. subsidiary; and it negotiates and manages its
contract manufacturing relationships through its ARC Wireless Hong Kong
Ltd. subsidiary. The Company's products and systems are marketed through
the Company's internal sales force, OEMs, reseller distribution channels,
retail, and the Internet. ARC Wireless Solutions, Inc., together with its
Wireless Communications Solutions Division and its Starworks Wireless Inc.
subsidiary, are headquartered in Wheat Ridge, Colorado. The Company's Hong
Kong subsidiary is located in Kowloon, Hong Kong. For more information
about the Company and its products, please visit our web sites at
www.arcwireless.net, www.antennas.com, www.starworkswireless.com and
www.arcwirelesshk.net
This is not a solicitation to buy or sell securities and does not purport
to be an analysis of the Company's financial position. This Release
contains forward-looking statements within the meaning of the Securities
Exchange Act of 1934. Although the Company believes that the expectations
reflected in the forward-looking statements and assumptions upon which
forward-looking statements are based are reasonable, it can give no
assurance that such expectations and assumptions will prove to have been
correct. See the Company's most recent Quarterly Report on Form 10-Q and
Annual Report on Form 10-K for additional statements concerning important
factors, such as demand for products, manufacturing costs, and competition,
and the Company's ability to successfully utilize its cash, that could
cause actual results to differ materially from the Company's expectations.
The Company does not intend (and is not obligated) to update publicly any
forward-looking statements.
Company Contacts:
Randall Marx
Chief Executive OfficerEmail Contact
Richard Anderson
Investor RelationsEmail Contact
ARC Wireless Solutions, Inc.
Phone: 303-421-4063
Fax: 303-424-5085
web page: www.arcwireless.net
Copyright 2007 Market Wire, Incorporated
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