|By Marketwired .||
|August 13, 2014 12:02 PM EDT||
LOS ANGELES, CA -- (Marketwired) -- 08/13/14 -- Platforms Wireless International Corporation (PINKSHEETS: PLFM) announced today the appointment of Mr. Bill Schaefer to the position of President & CEO. Col. Robert Ettinger, long-term President & CEO of the company, has been promoted to the position of Chairman of the Board of Directors. Mr. Schaefer has also been nominated for a post as Director of the company. His nomination is expected to be confirmed at the company's next Board Meeting.
Mr. Ron Minsky, Vice President and Chief Operating Officer stated: "The appointment of Mr. Bill Schaefer to the presidency of PLFM is a positive development for our company; it marks the beginning of a reorganization effort to move our company forward. Mr. Schaefer's wealth of experience as President & CEO of a significant number of public companies, as well as his successful track record in the reorganization and recapitalization of public companies, will provide PLFM with the leadership experience necessary to successfully accomplish that task. Under Bill's leadership, we expect to undertake the development and exploitation of a number of exciting, new business opportunities."
Mr. Bill Schaefer, newly-appointed President & CEO stated: "My joining Platforms is the culmination of an undertaking that started several months ago, and the beginning of an exciting, new enterprise. I believe PLFM, its management, and its shareholders are the perfect business vehicle for a number of exciting business ventures and strategic partnerships which I believe can bring revenues and profitability to the company."
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FORWARD-LOOKING STATEMENTS - ALL STATEMENTS contained in this press release which are not historical facts, are "forward-looking statements" within the meaning of Rule 175 under the Securities Act of 1933, and Rule 3b-6 under the Securities Exchange Act of 1934, and as defined in the Securities Litigation Reform Act of1995, and all such statements qualify for the Safe Harbor protection afforded under such Acts. Accordingly, all information discussed in this press release qualify as forward-looking statements that involve a number of risks and uncertainties. Words like "believe", "expect", "development", "exploitation", "opportunities", "revenues", "profitability" "plans," mean that all statements that contain these or similar words are best estimates and beliefs as of this writing, but there can be no assurance that expected or anticipated results or events will actually take place, so our actual future results and developments could differ significantly from the statements made in this press release. Factors that could cause or contribute to such differences include, but are not limited to: our ability perform as anticipated, the general economic condition of the markets we operate in, our ability to finance operations and planned business development activities, and the potential hazards of competitors who are better financed and equipped to operate in our target markets.
Mr. Ron Minsky
Vice President & COO