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MEQUON, WISCONSIN, October 8, 2007 -- China Wi-Max announced here today, the appointment of Paul Pierron as its new Chief Executive Officer. Mr. Pierron brings more than 30 years of leadership, creativity and business development experience as the company moves from the conceptual and development phase to acquiring and deploying assets in China. Mr. Pierron has taken a number of broadband fiber companies to great success and sold them over the past decade. Most recently he was CEO of Xspedius Communications LLC which Mr. Pierron and his team increased revenue and sold it to Time Warner Telecom for $530 million dollars. This represented a multiple of 17x EBITDA.
Prior to that Mr. Pierron held leadership positions at BP Investments, LLC in St. Louis, Digital Teleport [now LightCore], New Edge, Sprint PCS and Gabriel Communications. Mr. Pierron also held several General Manager positions with Southwestern Bell Telephone in the Midwest. Mr. Pierron holds a Bachelor of Science Degree, in Management, from Arkansas State University.
“From my first review of the China Wi-Max business plan, I have been very interested in playing a key role in the organization” Mr. Pierron stated in a recent conference call. He added, “The opportunity to take the very latest wireless technology, supported by a strong fiber backbone to the burgeoning Chinese markets is one of the most exciting opportunities to come across my desk in a long time. “
Dr. Allan Rabinoff, Chairman of the China Wi-Max board of directors added, “Working within the international high-technology and wireless data arenas, China Wi-Max is as much a professional practice as it is a business model; constantly evaluating, refining and executing the plan. We could not be more excited to engage someone of Paul’s personal and professional caliber as we continue the development of our core business objectives and create value for our stockholders.”
In addition to transitioning the company’s headquarters to St. Louis, Mr. Pierron’s initial duties will include joining the upcoming China Wi-Max trade mission to China in late October, reviewing the assets already owned by the company and establishing the 2008 strategy. He will also be supporting the filing of the China Wi-Max’s application to the SEC for approval to begin trading on the Over-the-Counter Bulletin Board.
About China Wi-Max
China Wi-Max Communications, Inc. (CWMC) was formed to take advantage of the rapidly expanding wireless communications needs in China. The goal of China Wi-Max Communications is to become the premier provider of Wi-Max broadband technology and allied services in the Chinese market. Building on world-class technical experience and proven management skills, China Wi-Max Communications is approaching the Chinese market with the tools that experience suggests are necessary to achieve success. Complete details on China Wi-Max Communications Corporation can be found on our website: http://chinawi-max.com/
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements that involve risks and uncertainties. The statements of this Summary Overview are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause China Wi-Max Communications’ actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.
Contact: Phillip Allen
Tel: 303-875-1044,
Email:
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