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Craig Wireless Systems Ltd. Announces Realignment in Management

^{Published on 2010-08-13 09:06:30 - Market Wire}
 

RANCHO MIRAGE, CA, Aug. 13 /CNW/ - Craig Wireless Systems Ltd. ("Craig Wireless" or the "Company") (TSX: CWG) is pleased to announce changes, effective today, to its senior management structure. Mr. T. Boyd Craig, Founder and former Co-Chief Executive Officer and Co-Executive Chairman of Craig Wireless has been appointed as President and Chief Executive Officer of the Company. Mr. J. Drew Craig, the former Co-Chief Executive Officer and Co-Executive Chairman of Craig Wireless has been appointed as Chairman.

The Company also announces that in connection with his recently-announced engagement as President and CEO of a Canadian international financial institution, Mr. Bruce Rothney has today resigned from the board of directors of the Company. The Company sincerely thanks Mr. Rothney for his years of dedicated and valuable service on the board and wishes him well in his new position.

About Craig Wireless Systems Ltd.:

Craig Wireless Systems and its affiliates (collectively, the "CWS Group") offer a broad range of telecommunications services, including, broadband internet access, television programming delivery, business connectivity solutions, hosting, security and telecommunications solutions. Through certain members of the CWS Group, Craig Wireless holds or leases licenses for spectrum in the 2.5 GHz, 2.6 GHz or 3.5 GHz bands in Riverside County in Southern California, United States and in Greece. The CWS Group also has spectrum interests in Norway and New Zealand. Spectrum in these ranges is effective for delivery of point-to-multipoint signals, possesses robust bandwidth capability and supports emerging 4G-based applications, including portable and mobile applications.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.