Infowave Appoints James Suttie as CEO
http://www.infowave.com
Vancouver, BC, August 23, 2005--(T-Net)--Infowave Software announced the appointment of James W. Suttie as the company's Chief Executive Officer. Mr. Suttie brings over twenty five years of senior executive management experience in the IT industry, most recently as the former Executive Vice President, Corporate Treasury Services of Thomson Financial Inc.
"James Suttie is a world-class business leader with a deep understanding and insight in the worldwide wireless market," said Leonard Brody, Chairman of Infowave's Nominations and CEO Search Committee. "His global business expertise, sales focus and strong industry contacts make James an ideal choice to guide Infowave as it further establishes leadership in delivering wireless solutions to businesses."
Mr. Suttie was the Founder and Chief Executive Officer of Selkirk Financial Technologies Inc. prior to its successful merger with Thomson Financial Inc. While at Selkirk Technologies, Inc., Mr. Suttie spear-headed their enterprise treasury software initiatives, resulting in over 230 deployments in Fortune 1000 firms. Prior to founding Selkirk Financial Technologies Inc., Mr. Suttie held a variety of senior management and marketing positions at Gulf Canada, Noranda Mines and IBM Canada.
"With its leading technology portfolio, Infowave is well-positioned to become a leader in the enterprise mobility application data market," Suttie said. "Joining Infowave is an extraordinary opportunity to leverage my experience and understanding of the industry to make Infowave the premier provider of wireless business solutions. I look forward to working with Infowave's strong management team to crystallize our vision, expand our business opportunities and deliver value to our customers and shareholders. I am thrilled to have the opportunity to lead the company at this critical time. I hope to capitalize on Infowave's great foundation in people and technology."
About Infowave
Infowave provides enterprises with scalable and robust mobile solutions for improving operational efficiency and increasing the productivity of mobile workers. Infowave's configurable enterprise mobile application (EMA) suite, Telispark Mobile Enterprise, is designed to streamline and integrate business operations required by mobile workers. Some of the world's most innovative organizations, including Hydro One, Shell Oil, Unilever and the U.S. Navy use Infowave solutions to increase the efficiency of their large mobile workforces. For more information, please email info@infowave.com or visit www.infowave.com.
Forward-Looking Statement
Statements made herein may contain forward-looking information about management's expectations, new strategic objectives, business prospects, revenue growth opportunities, anticipated financial performance and other similar matters. A variety of factors, many of which are beyond the Company's control, affect the operations, performance and business strategy and results of the Company and could cause actual results and experiences to differ materially from the expectations and objectives expressed in these statements. These factors include, but are not limited to, the sufficiency of the Company's restructuring activities and strategic initiatives, including the potential for higher actual costs incurred in restructuring actions and strategic initiatives compared to the estimated costs of such actions or initiatives; the ability to retain and recruit qualified employees; the ability to manage business in light of recent management changes and personnel reductions. Other potential risk factors are described in the Company's 2004 annual report on Form 20-F, in addition to reports on Form 6-K, which are available at the SEC's Web site at www.sec.gov. Forward-looking statements are based on management's beliefs, opinions and projections on the date the statements are made. The Company undertakes no obligation to update forward-looking statements if circumstances or management's beliefs, opinions or projections should change.
Contact:
Infowave Software, Inc.
Lori-Ann Robb
Media Relations
(604) 473-3602
lrobb@infowave.com
www.infowave.com