SR Telecom Announces Executive Appointments
25 11월 2005 - 6:47AM
PR Newswire (US)
MONTREAL, Nov. 24 /PRNewswire-FirstCall/ -- SR Telecom Inc. (TSX:
SRX, Nasdaq: SRXA), a leading vendor of licensed OFDM solutions for
broadband access networks with its symmetry(TM) products, today
announced that it has extended its agreement with BlueTree Advisors
to continue to retain the services of William Aziz, the Company's
current Interim Chief Executive Officer and President. Mr. Aziz is
BlueTree Advisors' Managing Partner, and will provide management
services to SR Telecom through to December 31, 2006. Mr. Aziz was
initially named as Chief Restructuring Officer in April of this
year. He has had extensive experience in turnaround situations,
holding senior management positions in a number of publicly-traded
and privately-held entities. In addition, Paul Griswold, named to
SR Telecom's Board of Directors in August, becomes Vice Chairman of
the Board and Secretary, effective immediately. Mr. Griswold is CEO
of SLI Holdings International, LLC of Purchase New York. Mr.
Griswold has also held senior positions at Paxar Corporation and
Pactiv Corporation, and was Vice President of Packaging Development
and Procurement for Pepsi International. "As recently announced,
our third quarter showed tangible results of our restructuring
initiatives. We are confident that under Mr. Aziz's leadership we
have the right management team in place to ensure further
improvement," stated Company Chairman Lionel Hurtubise. About SR
Telecom SR TELECOM (TSX: SRX, Nasdaq: SRXA) designs, manufactures
and deploys versatile, Broadband Fixed Wireless Access solutions.
For over two decades, carriers have used SR Telecom's products to
provide field-proven data and carrier-class voice services to
end-users in both urban and remote areas around the globe. SR
Telecom's products have helped to connect millions of people
throughout the world. A pioneer in the industry, SR Telecom works
closely with carriers to ensure that its broadband wireless access
solutions directly respond to evolving customer needs. Its turnkey
solutions include equipment, network planning, project management,
installation and maintenance. SR Telecom is a principal member of
WiMAX Forum, a cooperative industry initiative which promotes the
deployment of broadband wireless access networks by using a global
standard and certifying interoperability of products and
technologies. FORWARD-LOOKING STATEMENTS Except for historical
information provided herein, this press release may contain
information and statements of a forward-looking nature concerning
the future performance of the Corporation. These statements are
based on suppositions and uncertainties as well as on management's
best possible evaluation of future events. Such factors may
include, without excluding other considerations, fluctuations in
quarterly results, evolution in customer demand for the
Corporation's products and services, the impact of price pressures
exerted by competitors, and general market trends or economic
changes. As a result, readers are advised that actual results may
differ from expected results. SR Telecom and symmetry(TM) are
trademarks of SR Telecom Inc. All rights reserved 2005. All other
trademarks are property of their owners. DATASOURCE: SR TELECOM
INC. CONTACT: William E. Aziz, Interim President and CEO, (514)
335-2429 Extension 4613, http://www.srtelecom.com/; Rick Leckner,
Maison Brison, (514) 731-0000
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