|By Marketwired .||
|December 9, 2013 09:39 PM EST||
CALGARY, ALBERTA -- (Marketwired) -- 12/09/13 -- Times Three Wireless Inc. (TSX VENTURE: TTW) ("Times Three" or the "Company") announces that William Middleton has ceased to be the President, Chief Executive Officer and Chief Legal Officer of the Company, effective immediately. Mr. Middleton will continue to serve on the Board of Directors of the Company.
The Company would like to thank Mr. Middleton for his efforts during his tenure as President, Chief Executive Officer and Chief Legal Officer of the Company.
The Board of Directors will be undertaking a strategic review of Times Three's intellectual property licensing business in the very near term and in doing so will consider all reasonable and prudent measures. As part of this review, the Board will consider seeking strategic investment partners and/or the divestiture of all or part of its intellectual property licensing business.
About Times Three
Times Three, originally founded in 1995 as Cell-Loc Inc., is a technology innovation and licensing company based in Calgary. It has a long history of innovation and successful product development in wireless location technologies and continues to build and license its portfolio of important patents and intellectual property.
The Company's proprietary narrow band location and telemetry technology has been successfully implemented in a 1500 square kilometer wireless network in Sao Paulo, Brazil.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Times Three Wireless Inc.