[November 22, 2005] Broadband Wireless Announces Executive Management Changes Tweet LAS VEGAS --(Business Wire)-- Nov. 22, 2005 -- Broadband Wireless International Corp.(OTCBB: BBAN) is pleased to announce that it has entered into definitive agreements with Mr. Mark Ward and Mr. Stephen Pecevich to provide BBAN with operational, executive and financial leadership in the implementation and completion of BBAN's stated goals toward becoming the country's first Virtual Broadband Network Operator (VBNO). Ward will assume the role of chief executive officer and drive the completion of BBAN's network services rollout. Ward has enjoyed many successes as an operations-focused executive in information technology products & services companies. In 1986 Ward was an early employee of EMC Corp., ultimately attaining the position (in 1998) of vice president of worldwide marketing/software and professional services. Ward has invested in -- and been an advisor to -- many successful private companies including AppIQ (acquired by Hewlett-Packard), Storage Networks (IPO 2000), and Akara (acquired by Ciena), to name but a few. Ward also founded and served as CEO of GiantLoop Network. Most recently Ward was vice president of North American sales/marketing and services at Storage Technology Corp. Pecevich will assume the role of executive liaison to the board of directors and chief information officer. From 1986-1991, Pecevich enjoyed early success on Wall Street with the prestigious firms Kidder, Peabody & Co. Inc. and A.G. Edwards & Sons Inc., respectively. From 1991-1995, Pecevich served as president and CEO of Merchants Row Partners, a venture capital consulting firm focusing for the most part on the then rapidly emerging environmental industry. In the early to mid-'90s he was a frequent guest speaker on the venture capital circuit nationwide; and in 1991 he sat on the board of directors at the United Nations Environmental Programme in New York City. Specializing in both the public and private sectors, Pecevich continues to be deeply immersed within the venture capital arena. Most recently (since 1995) Pecevich served as chairman & CEO of Chathams Rowe Venture Partners. Stated Michael Williams, chairman of the board of BBAN, "As we move in the direction of successfully delivering our product to the world, today the bar was raised. In order to effectively guide this company to a level of competition that at the very least parallels upper-echelon communication companies, it becomes absolutely paramount that Broadband Wireless be managed by veteran executives who bring with them hands-on experience, a track record for success and well-established & synergistic relationships. With our niche/first-of-its-kind product, the board of directors has been focusing first and foremost on acquiring sound management to better ensure that Broadband Wireless be well-positioned in order to compete in the marketplace; today, I am extremely excited as we have taken a major step in that direction." About Broadband Wireless International Corp. Broadband Wireless International Corp. is a communications company that also has some diversified holdings. BBAN will begin separating its holdings that are not consistent with the business model, while allowing the shareholders to benefit from them. As a communications company, BBAN endeavors to generate positive cash flow for the corporation and dividends for the shareholders. BBAN currently holds interests in the entertainment industry, oil and gas. Forward-Looking Statement: The statements in this press release regarding any implied or perceived benefits resulting from Ward's or Pecevich's respective work experience, stated or implied capabilities of either gentlemen, and any other effects resulting from their appointment are forward-looking statements. Such statements regarding the real or implied ability of BBAN to implement its plan to become a VBNO, improve its operations, increase its assets, or the economic commercialization of any of the above involve risks and uncertainties, including, but not limited to, raising sufficient working capital, managing and controlling costs, costs, delays, and any other difficulties related to BBAN's operations, continued agreements with its technology partners, financing, marketing and sales, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated or implied. Important factors that could cause actual results to differ materially from the forward-looking statements BBAN makes in this news release include market conditions and those set forth in reports or documents BBAN files from time to time with the SEC. BBAN undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. [ Back To TMCnet.com's Homepage ]