Richard Reiss Appointed to P-Com's Board of Directors
01 Marzo 2005 - 11:17AM
PR Newswire (US)
Richard Reiss Appointed to P-Com's Board of Directors Telecom
Industry Veteran Has More Than 20 Years of Executive Level
Experience Separately, Brian Josling to Leave Board CAMPBELL,
Calif., March 1 /PRNewswire-FirstCall/ -- P-Com, Inc. (OTC:PCMC)
(BULLETIN BOARD: PCMC) , a worldwide provider of broadband wireless
access products and services to carriers, systems integrators and
value added resellers, today announced that its Board of Directors
has appointed Richard Reiss (48) as a new independent Board member.
Mr. Reiss replaces John Hawkins (43), who resigned from P-Com's
Board of Directors on November 23, 2004. "We are very pleased to
welcome Richard to our Board," said Sam Smookler, President and CEO
of P-Com. "Richard has more than 20 years of experience within the
telecommunications industry with both public and private companies,
including his current post as Chairman of the Board of GlowPoint,
Inc. We believe that Richard's long tenure within our industry will
allow him to be additive to our leadership team as we continue to
navigate through the challenges of the worldwide telecommunications
market. We look forward to his contributions." Mr. Reiss currently
serves as the Chairman of the Board of GlowPoint, Inc.,
(NASDAQ:GLOW) a publicly traded company that is the leading
provider of broadcast quality, IP-based video communications and
services. He has served in this role since 1991. Prior to this
engagement, Mr. Reiss founded All Communications, which merged with
View Tech, Inc. in May 2000 to create Wire One Technologies, a
leading provider of end-to-end videoconferencing solutions. Prior
to this, Mr. Reiss served as an independent telecommunications
consultant working with a variety of corporations that ranged in
size and business practice. From 1987 to 1990, he was the Vice
President of Sales of NyConn Information Services, Inc. an operator
and information services company and before that, he was the
Chairman, President and Chief Executive Officer of TeleDigital
Corporation. Mr. Reiss began his career in the telecommunications
industry as the founder and Executive Vice President of
TeleSolutions, an interconnect company. Separately, the Company
announced that Brian Josling (62), a board member for six years,
will be resigning effective March 1, 2005 due to personal
commitments. "We regret Brian's decision to leave the board and
deeply appreciate his contributions during his tenure," said Mr.
Smookler. About P-Com, Inc. P-Com, Inc. develops, manufactures, and
markets point-to-point and spread spectrum wireless access systems
to the worldwide telecommunications market. P-Com broadband
wireless access systems are designed to satisfy the high-speed,
integrated network requirements of Internet access and private
networks including Security & Surveillance requirements.
Cellular and personal communications service (PCS) providers
utilize P-Com point-to-point systems to provide backhaul between
base stations and mobile switching centers. Government, utility,
and business entities use P-Com systems in public and private
network applications. For more information visit
http://www.p-com.com/ or call 408-866-3660. Safe Harbor Statement
This press release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements related to anticipated revenues, expenses,
earnings, operating cash flows, the outlook for P-Com's markets and
the demand for its products. Factors that could cause P-Com's
actual results to differ materially from these forward-looking
statements include the Company's ability to achieve positive cash
flow given the Company's existing and anticipated operating and
other costs and current sales trends; the Company's deteriorating
cash position and its need to raise additional capital, and whether
that capital is available on acceptable terms, if at all; the
Company's ability to negotiate payment terms with its creditors,
and settle outstanding litigation; the continued intense
competition from leading telecommunications equipment and
technology suppliers resulting in lower average selling prices;
fluctuations in customer demand; reliance upon subcontractors; the
ability of P-Com's customers to finance their purchases; the timing
of new technology and product introductions; and the risk of early
obsolescence. Please refer to our reports and filings with the
Securities and Exchange Commission, including our reports on Form
10-K, 10-Q and 8-K, for a further discussion of these risks and
uncertainties. We also caution you not to place undue reliance on
forward-looking statements, which speak only as of the date they
are made. We undertake no obligation to update publicly any
forward-looking statements to reflect new information, events or
circumstances after the date they were made or to reflect the
occurrence of unanticipated events. CONTACT: media, Chris Toth,
+1-415-896-2005, or ; or investors, Doug Sherk, or Jennifer
Beugelmans, , both at +1-415-896-6820, all of EVC Group, Inc., for
P-Com; or Dan Rumsey, General Counsel and Acting CFO of P-Com,
+1-408-866-3666, or . DATASOURCE: P-Com, Inc. CONTACT: media, Chris
Toth, +1-415-896-2005, or ; or investors, Doug Sherk, or Jennifer
Beugelmans, , both at +1-415-896-6820, all of EVC Group, Inc., for
P-Com; or Dan Rumsey, General Counsel and Acting CFO of P-Com,
+1-408-866-3666, or Web site: http://www.p-com.com/
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