BELLEVUE, Wash., Sept. 13, 2000 (PRIMEZONE) -- Mr. Roland Sartorius has joined Unity Wireless Corporation (OTCBB:UTYW) as a director and as the Company's Chief Financial Officer effective September 1, 2000. Mr. Sartorius has over 12 years experience as Chief Financial Officer in several public and private multinational companies.
Most recently, Mr. Sartorius was based in Switzerland and held the CFO position with a private venture capital firm managing three equity funds with invested capital totaling Sfr 225 million (approximately US$125 million). His focus is corporate finance, public/private offering syndication, strategic planning, financial reporting and controls, international tax planning, compliance and investor relations.
"Rarely do you see a development stage company with such depth in its management and engineering teams," commented Mr. Sartorius. "This depth, combined with the opportunities now developing for the company's wireless data and integration business units, made this position very attractive."
From 1981 to 1988, Mr. Sartorius was employed with KPMG, initially as an auditor and subsequently as a Management Consultant in the firm's Corporate Finance department. Mr. Sartorius, a Certified General Accountant, holds a Bachelor of Commerce and Business Administration degree from the University of British Columbia and currently serves on the Boards of Directors of several private companies.
"Our company was fortunate in recruiting Roland and we are confident that his experience in international financial markets and in developing high technology companies will add a lot of value to Unity Wireless's business over the next several years," said Unity Wireless Corporation's Chairman and CEO Mark Godsy.
About Unity Wireless Corporation
Unity Wireless Corporation is a developer and integrator of wireless technology and products for a broad range of industrial and commercial applications. The Company's primary technology, UniLinx, offers secure end-to-end wireless communication between a host application and various remote devices. The technology allows all legacy software systems to communicate over the internet without alteration to the software itself. UniLinx incorporates CDPD and CDPD/AMPS modems to communicate over the cellular networks. The Company's technology and expertise is being used in transportation applications both in North America and Singapore. For more information, please visit the web site at www.unitywireless.com
Certain information included in this news release, as well as information included in oral statements or other written statements made or to be made by Unity Wireless Systems Corporation and its subsidiaries, contain statements that are forward-looking. Such statements relate to the future anticipated direction of the wireless industry, plans for future expansion, various business development activities, planned capital expenditures, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.