TMCnet News
Redline Communications Announces Board Resignation(Canada Newswire Via Acquire Media NewsEdge) TORONTO, Nov. 1, 2013 /CNW/ - Redline Communications (www.rdlcom.com Group Inc. TSX: RDL) ("Redline" or the "Company"), a leading provider of broadband wireless solutions for machine-to-machine (M2M) communications announced today that Eric Melka has resigned from the Company's Board of Directors. Eric Melka, Redline's CEO since January 2010, has been dealing with a persistent back injury that forced him to take a medical leave of absence as announced on August 8th, 2013 and subsequently to resign as CEO as announced on October 11th, 2013. Mr. Melka indicated that he felt it was in the best interest of the company and shareholders that he resign as his injury is preventing him from being as effective as he would like to be. As such, he will not be returning to Redline from his leave of absence. "It's impossible to express in a few short words how much Eric has done for Redline, and we are saddened that his tenure as a Board Member and CEO was shortened by his ongoing injury," stated Philippe de Gaspé Beaubien, Redline's board chairman. "On behalf of the entire Board, I want to express our appreciation of his contributions to Redline and the Board. We wish him all the best in returning to full health." The Board has stated their intention to fill the vacancy on the Board of Directors created by Eric's departure. About Redline Communications Redline Communications (www.rdlcom.com) is the innovator of Virtual Fiber™, a specialized wireless broadband solution used to cost-effectively deploy and extend secure networks, enable M2M applications, connect digital oilfields and smart grids, facilitate and enhance public safety networks, and bring Internet access wherever and whenever it's needed - regardless of terrain or how remote. For more than a decade Redline has delivered powerful, versatile and reliable wireless solutions to governments, militaries, oil and gas companies and telecom service providers through its global network of certified partners. For more information visit www.rdlcom.com. Forward Looking Statements Certain statements in this release may constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws. In some cases, forward-looking statements can be identified by terms such as "could", "expect", "may", "will", "anticipate", "believe", "intend", "estimate", "plan", "potential", "project" or other expressions concerning matters that are not historical facts. Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause the actual results, performance, achievements or developments of Redline to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements, by their nature, are based on certain assumptions regarding expected growth, management's current plans, estimates, projections, beliefs, opinions and business prospects and opportunities (collectively, the "Assumptions"). While the Company considers these Assumptions to be reasonable, based on the information currently available, they may prove to be incorrect. SOURCE Redline Communications Group Inc. |