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Craig Wireless Updates as to Management Team

^{Published on 2010-11-15 08:25:28 - Market Wire}
 

COACHELLA VALLEY, CA, Nov. 15 /CNW/ - Craig Wireless Systems Ltd. ("Craig Wireless" or the "Company") (TSX: CWG) today reports that its Chief Financial Officer, Wesley Thiessen, will be leaving Craig Wireless effective February 28, 2011, to pursue other career opportunities.

"We sincerely appreciate the contribution that Mr. Thiessen has made to our Company as Chief Financial Officer and wish him well in his future endeavors" said T. Boyd Craig, the President and CEO of Craig Wireless. "We have commenced a search for a new CFO and have plans in place to facilitate an orderly transition."

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, 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 the 2.5 GHz, 2.6 GHz or 3.5 GHz bands 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.

Notice on forward-looking statements:

This release includes forward-looking statements regarding Craig Wireless and its business. Such statements are based on management's current expectations. The forward looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Craig Wireless and its business. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Craig Wireless does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.