Business Services Industry
Wireless Telecom Group, Inc. Announces New Board Members
Business Wire, July 20, 2007
PARSIPPANY, N.J. -- Wireless Telecom Group, Inc. (AMEX: WTT), a worldwide provider of telecommunications test equipment, today, announced the election of three new board members. The election of three industry leaders to the company's Board of Directors was made at Wireless Telecom Group's annual shareholder meeting, which was held at the American Stock Exchange in New York on Tuesday, July 17, 2007.
Joining the Board are Adrian Nemcek, recently retired President of the Motorola Networks business, Rick Mace, Chief Operating Officer of Tekelec, and Joe Garrity, retired Executive Vice President and CFO of 4Kids Entertainment. The Company also announced that it has re-elected to the Board, Savio Tung, as Chairman of the Board, Monty Johnson, the Company's CEO, as Vice Chairman of the Board, Hazem Ben-Gacem, and Henry Bachman.
Monty Johnson said, regarding the new Board members, "We are delighted to have Adrian, Rick and Joe join the Board at this time. We are looking forward to the significant operational, international, and market-specific experience they bring to an already strong Board of Directors. The expansion of our board completes an important strategic step in the company's growth plan."
Monty Johnson presented an update on the company and its outlook for the future to the shareholders. The presentation is available on the company's web site, www.wirelesstelecomgroup.com.
About Wireless Telecom Group
Wireless Telecom Group, Inc designs and manufactures a variety of products serving the global wireless and telecommunications markets. Comprised of four business groups brought together through acquisitions, Noise Com, Boonton Electronics, Microlab/FXR, and Willtek Communications, the group provides a complementary suite of RF and Microwave-based products, with a major portion focused on advanced telecom testing. Their products include peak power meters, precision noise generators, mobile phone testing solutions, and passive component solutions for cellular/mobile, WiFi, satellite, and other advanced communications networks, all critical enablers to the rapid growth in world-wide communications and computing solutions. This technological synergy has enabled Wireless Telecom Group, Inc. to become a full service supplier of both the commercial and military telecommunications industries.
Wireless Telecom Group's website address is www.wirelesstelecomgroup.com.
Except for historical information, the matters discussed in this news release may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include declarations regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results. Such risks and uncertainties are identified in the Company's reports and registration statements filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2006.
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