Platforms Wireless Reports Board of Directors Proceedings
14 Août 2007 - 2:30PM
Business Wire
Platforms Wireless International Corporation (Pink
Sheets:PLFM)(www.plfm.net), the developer of the innovative
Airborne Relay Communications �ARC� System Core Technology for
wireless voice and data communications, announced today that the
Company�s Board of Directors has ratified the appointment of
Raymond Magana, a current board member and a Pasadena-based
attorney, as its new President and Chief Executive Officer,
effective August 1, 2007. The Board of Directors also appointed
long-time board member Richard Cody, Jr. as its outside Lead
Director, replacing Mr. Magana in that position. Mr. Magana had
been appointed Lead Director following the death of esteemed board
member Lawrence Brooks in April 2007. Additionally, the Board of
Directors confirmed and ratified the engagement of its former
President and CEO, William C. Martin, as a management consultant to
support the company�s business and technology development
operations. The Board of Directors also approved the Company�s
Shareholders� Meeting, which is scheduled to take place in November
2007, at the same forum where it was held last year � The Ronald
Reagan Presidential Library in Simi Valley, California. Raymond
Magana, President and CEO of Platforms Wireless, stated: �The
timely actions taken unanimously by our Board of Directors ensure
the continuity of our Company�s positive momentum, while we
continue to vigorously contest and appeal the recent judgment in
the SEC civil case against the Company and some of its former
officers. With business prospects for our Emergency-911
communications systems looking bright, we look forward to
continuing positive developments.� Platforms Wireless offers two
innovative �Emergency-911,� interoperable radio and cellular
communications systems based on its proprietary Airborne Relay
Communications �ARC� System Core Technology. The RECOM-911� Rapid
Response Emergency Communications System� is Platforms� flagship
System product. It is a custom-built, airborne, transportable
wireless communications system designed to provide Cellular and
Interoperable Radio communications to emergency first responders
during and immediately following a catastrophic emergency, or a
natural or man-made disaster. RECOM-911� is transportable, ISO
containerized, and rapidly deployable by air, land, or sea to the
incident location, where it can be activated into service within
hours of its arrival. RECOM-911� can provide 24/7 uninterrupted
Cellular communications services to a radius area of up to 70 miles
with a service capacity of more than 25,000 users. In conjunction
with the ROSETTA-911� System, the RECOM-911� System can also
provide Interoperable Radio/Cellular Communications and
Internet/VOIP Connectivity. Video Surveillance and Sensor (radar)
facilities are also available system options. The ROSETTA-911�
Interoperable Radio/Cellular Communications System is a
ready-to-use, turnkey System that provides interoperable
radio/cellular communications facilities, which enable different
VHF, UHF, 800 MHz radios, and cellular telephones, to seamlessly
interconnect and communicate with each other, including
Internet/VOIP connectivity. The ROSETTA-911� System is available as
an integral component of the RECOM-911�System, where it can provide
the Radio/Cellular interoperable communications facilities, and as
a standalone, portable system unit. The ROSETTA-911� portable
system comes fully equipped and ready to use, including VHF, UHF,
and 800 MHz mobile (LMR) radios, matching portable radios, a
cellular and land-line (STU-III compatible) telephone port, and
Internet/VOIP connectivity, for comprehensive command and control
facilities that enable incident commanders to efficiently control,
direct, and manage emergency first response critical operations.
ABOUT PLATFORMS WIRELESS INTERNATIONAL CORPORATION (PINK SHEETS:
PLFM) Platforms Wireless International Corporation, headquartered
in Westlake Village, California, is the developer of the innovative
airborne wireless communications technology known as the Airborne
Relay Communications �ARC� System Core Technology�. The ARC System
Core Technology is designed to provide multiple wide area wireless
telecommunications services from a lighter-than-air platform
suspended 1,000 to 5,000 meters above mean sea level by
a�tethered�aerostat. The RECOM-911�, �Rapid Response Emergency
Communications System,� is the Company�s flagship product, and a
derivative system product of the ARC System Core Technology. The
RECOM-911� System is an airborne, rapid response emergency
communications system that can be readily transported to critical
emergency and natural or man-made disaster locations. The System
can provide a cellular communications airborne service coverage
diameter of�220-kilometers, or a 60 to 70-mile radius, with a
service capacity of 25,000 to 50,000 users. The RECOM-911� System
interfaces with the ROSETTA-911� System to provide VHF, UHF, 800
MHz radio and cellular interoperability facilities with
Internet/VOIP communications connectivity. The ROSETTA-911� System
can also operate as a separate, transportable, independent
interoperable communications field station. Management believes its
advances in the field of airborne wireless communications
technology, reinforced by new product developments, will provide
efficient, cost-effective, voice and data communications�solutions
for rapid response to critical emergencies and natural or man-made
disasters, and for augmenting, replacing, and/or supplementing
terrestrial land-line and wireless telecommunications
infrastructures. For more information on Platforms Wireless, please
visit http://www.plfm.net SAFE HARBOR ACT DISCLAIMER NOTICE
Platforms Wireless is a "development stage company." Information
relevant to the company's operations, revenue history, and
financial outlook can be found at http://www.plfm.net. All
statements in this press release which are not historical facts are
"forward-looking statements," within the meaning of Rule 175 under
the Securities Act of 1933, and Rule 3b-6 under the Securities
Exchange Act of 1934. Accordingly, all such statements are subject
to the safe harbor created by such rules. Forward-looking
statements are all statements, expressed or implied, that relate to
any and all of the Company�s future plans including, without
limitation, management�s beliefs, business strategies,
expectations, or any business activities that involve the
uncertainty and risk of future expectations. Forward-looking
statements include, without limitation, any and all statements,
expressed or implied, regarding the Company's technology, products,
marketing plans and strategies, planned demonstrations, markets for
its products and services, expected or projected results of sales
efforts and operations; all such statements, whether expressed or
implied, represent management�s beliefs, predictions, expectations,
and anticipations. No assurance can be given that any such beliefs,
predictions, expectations, and anticipations will prove accurate
and correct, or that any of the anticipated future results will be
achieved. Numerous risk factors can cause actual results to differ
materially from the results indicated, expressed, expected,
projected, anticipated, or implied in forward-looking statements.
Factors that could cause actual results to differ materially from
those expressed or implied in the Company's forward-looking
statements include but are not limited to the following: the
outcome of the Company�s efforts to contest a district court
judgment against the Company and certain former officers, which
orders substantial payments from the Company and some former
officers, as well as imposes officer and director bars; capital
market risks; the Company's ability to raise additional capital
when needed; market acceptance of the Company's technologies and
products; limited financial and technical resources necessary to
market and produce its products including acquiring custom-built
aerostats as needed; ability to keep up with rapid technological
changes; ability to obtain required permits, licenses, and
authorizations from domestic and foreign regulatory agencies in a
timely manner; dependence on the ability of third parties to
successfully manufacture and consistently provide key system parts
and components for the Company�s products; dependence on the
ability of third parties to successfully represent and market the
Company�s system products and services; the ability of the System
products to perform efficiently, cost effectively, and profitably
in highly-competitive markets; customer acceptance of product
demonstrations and sales placements; the unknown impact of
unstable, shifting, and unpredictable economic, markets, and
geo-political global conditions domestically and internationally,
including natural disasters, war, terrorist acts, and acts of God;
the unknown impact of possible entry into the market by larger and
better capitalized competitors. Accordingly, there is no assurance
that the information expressed or implied in this press release
will prove reliable, accurate, or correct. Additionally, all
forward-looking statements in this press release are made only as
of the date the information was initially published in the press
release. Except as expressly required by federal securities laws,
the Company undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events, changes in circumstances, or any other
reason. Therefore, the reader is cautioned to read this Disclaimer
Notice carefully, and not to rely on any forward-looking statements
expressed or implied in this press release.
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