Vancouver, BC, June 8, 2011--(T-Net)--DDS Wireless International Inc. (TSX:DD) announces today that James Topham was appointed by the shareholders of DDS at the Company's May 27, 2011 Annual General Meeting. Mr. Topham was also subsequently appointed as the Chairman of the Audit Committee and will succeed Erik Dysthe who decided to retire from the DDS Board of Directors after over 7 years of service. Mr. Dysthe also served as Vice-Chairman for the past year.
Mr. Topham is a Chartered Accountant with over 30 years of public practice experience and was a Technology Partner of KPMG's Vancouver office prior to his retirement in 2008. Mr. Topham currently serves as Chief Financial Officer of dpoint Technologies Inc., an energy recovery company, and serves on the board of directors of three publicly traded companies: Day4 Energy Inc., Epic Data International Inc, and Norsat International Inc. Mr. Topham was a founder and, for the first nine years, a director of the B.C. Technology Industry Association ("BCTIA"). In 2003, Mr Topham founded the predecessor to the BC Cleantech CEO Alliance to promote the cleantech industry in B.C. He is also a founder of B.C. Social Venture Partners which has raised several million dollars towards funding specific community projects. Mr. Topham has a computer science major and a Bachelor of Commerce degree with Honours and was the most distinguished graduate from the Commerce Faculty of the University of Saskatchewan (1972).
"I am very pleased to welcome James Topham to our Board of Directors," stated Vari Ghai, CEO and Chairman. "James brings a depth of knowledge and experience in financial, governance, business and strategic matters from years of advising CEOs and executives of high-technology companies. His guidance and counsel will provide a significant contribution to the continued growth and development of DDS Wireless."
"On behalf of the Board of Directors and shareholders of DDS, I would also like to thank Erik for his dedicated service for the past 7 years," added Mr. Ghai. "After many years of working together both at DDS and at MDI, Erik has become a close friend and trusted advisor. Through his past experience as founder and CEO of MDSI Mobile Data Solutions, and service as a director of many other companies, Erik provided DDS with invaluable advice and guidance on many strategic, operational and public company matters. His many years of business experience in Europe was a key contributor to DDS's success in Europe and his knowledge, experience and contacts in the investment community were also important contributions to the Company's overall success."
About DDS Wireless International Inc.
DDS Wireless International Inc. is a global leader in providing application software for multiple vertical markets within the transportation industry. The Company specializes in transit routing and scheduling, real-time dispatching, vehicle location and tracking software applications, communications infrastructure as well as in-vehicle wireless devices. DDS Wireless operates four businesses dedicated for Transit, Taxi, Limousines and Work Truck, and Wireless Devices and Communication Infrastructure. The Company supports its customers worldwide through its offices in Canada, Finland, Singapore, Sweden, U.K. and U.S.A.
This press release may contain forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, operations, anticipated financial performance, business prospects and strategies, statements about future market conditions, supply and demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans contained in this press release that are not historical facts. Such forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors which could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, business risks, changes in market and competition, technological and competitive developments and potential downturns in economic conditions generally. Given these risks and uncertainties DDS Wireless cannot guarantee that any forward looking statements will be realized.
DDS Wireless International Inc.
Jim Zadra, CA
DDS Wireless International Inc.
Chief Financial Officer