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eWAN Appoints Bruce Palmer as Interim PresidentSANTA ANA, Calif. --(Business Wire)-- May 9, 2006 -- eWAN1, Inc. (Pink Sheets:EWAN) announced today that the Company's Board of Directors has appointed Vice President and Chief Financial Officer, Bruce M. Palmer, as eWAN's Interim President. A member of eWAN's management team since the Company's inception, Palmer will take over for Scott Kettle, who has stepped down from the post but will continue to assist the company in a consulting capacity. Mr. Palmer, a 16 year veteran of the telecommunications industry, co-founded and served as President of Transamerica Management, a Southern California-based telecommunications reseller. Among other executive positions, he also served in the role of Chief Financial Officer of West Coast Operations, for National retailer, Circuit City (NYSE:CC). He holds a B.A. in Business Administration with an emphasis in Accounting from the Walton School of Commerce in Chicago, IL. Bruce Palmer commented, "eWAN has turned the corner from a company exclusively focused on research and development, to a company focused on the manufacturing and mass marketing of its best-of-breed products and services." He continued, "We have filled out our marketing and sales personnel with accomplished and seasoned talent and are currently engaged in our initial set of retail discussions and meetings. We are looking forward to concluding these discussions shortly with our first domestic retail orders." About eWAN1, Inc. eWAN1 is a global provider of equipment and content delivery technology for the broadcasting of television over internet protocol (IPTV) and is a provider of broadband network solutions, including high-speed Internet access, data, gaming, voice and video services. Through its wholly owned subsidiaries, Cocom Ltd, ClearWave Communications and Direct Connect, Inc., eWAN is marketing the most technologically advanced and complete bundled global IPtv service available. eWAN's wireless "Triple Play" Digital Media Center set-top box connects directly to a television to enable viewing of broadcast and cable television (IPtv) and video-on-demand of movies and documentaries while featuring traditional Internet access, telephone service (VOIP) and data and video capability including video conferencing. The boxes' new IPtv cache also features music channels with corresponding video (when available), as well as "time shifted" services such as the ability to record one program while watching another, similar to the offering of TiVo Inc. (NASDAQ:TIVO). The set-top box is pre-bundled with a monthly subscription to eWAN's new Global Internet Television service, which enables subscribers to access their local TV stations, plus traditional broadcast television and content delivered in 36 major languages, anywhere on the planet and all on an "Ala Carte" pricing model, allowing subscribers the ability to pick and choose only those channels they are willing to pay for. Forward-Looking Statements This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of eWAN1, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. FOR FURTHER INFORMATION, go to the Company's website at: http://www.ewan1.com, or contact: Michael Selsman @ Public Communications - (310) 553-5732 or [email protected], Brass Bulls Corp. - (866) 342.2700 Marc Lovito. |
