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The saga continues:
www.pegasusrouter.com
Multilevel Marketing?
Cubera.co
Hopefully there is more meat to this then the previous story. If you look under ‘About Us’, under Daniel Bland, it appears to imply that they are still planning to commercialize the Cellular network extender? Plausible I guess if Vodafone is back in the game and still needs such a device. Meaningless if our Shares are no longer valid.
LoL. Perfect resume!
Aptly depicted here? Haha
🐶 The big dogs... or in this case, donkeys, are down in San Diego!
— Cirus (@CirusFoundation) July 4, 2022
✅ Do you think their spots are accurate, or would you switch it up? (we vote for Samartha to be the cute one).
👇 Comment below! pic.twitter.com/TksHDvDbBj
Galtee - so the Post that you’re referencing 2761, I just had not logged in to my brokerage account in a while so I didn’t see them. As soon as I logged into my account I could see that they were there, yes. Both are still there, 5Barz & Cubera. Were your shares acquired through a reputable Brokerage?
Every now and then I check LinkedIn and there are several people that still list 5Barz International as their current employer, and Gil still appears as active advisor. Maybe they just don’t update their profiles.
Hi Galtee,
If you had 5Barz shares then you should have received one Cubera spin-off share for every thirteen 5Barz share. They should have just automatically appeared in your brokerage account(s).
But since [ to the best of my knowledge ] Cubera is still a private company, you still won’t see much info or activity.
I’m assuming that we are all hoping that maybe later this year as Cubera picks up more traction as a result of the Cirus activity, that Bland will be eager to take Cubera public.
But I don’t know how much of this all still depends on the ultimate outcome of the legal actions and bankruptcy proceedings against 5Barz, which are still on going.
You can find links to the court dockets in this stream, there are yet more hearings next month!
Hello,
Just reaching out looking for some advice. I also invested money with 5BARz / Daniel Bland. I have a significant amount of shares sitting in some kind of an account with the Nevada Holding Company. I have corresponded with a Tiffany Baxter (Nevada) and D Bland.
What is going on with the transfer process of shares from 5BARz to Cubera / Cirus.
I would appreciate any and all advice or help at this stage.
Gerry
Hello,
Just reaching out looking for some advice. I also invested money with 5BARz / Daniel Bland. I have a significant amount of shares sitting in some kind of an account with the Nevada Holding Company. I have corresponded with a Tiffany Baxter (Nevada) and D Bland.
What is going on with the transfer process of shares from 5BARz to Cubera / Cirus.
I would appreciate any and all advice or help at this stage.
Looks like they've found another partner whose resume shows he'll fit right in:
https://www.sec.gov/litigation/complaints/2020/comp-pr2020-131.pdf
Berger Singerman drafted an 18 count complaint against the Cubera Parties and other third parties, asserting claims for breach of fiduciary duties, conspiracy to breach fiduciary duties, avoidance of post-petition transfers, avoidance of constructive and actual fraudulent transfers, conversion and unjust enrichment.
In an effort to achieve maximum results and minimize further risk and expenses to the Estate, the Trustee and the Cubera Parties engaged in pre-suit settlement discussions over the course of several months in an effort to globally resolve all Claims. The Trustee and the Cubera Parties agree that settling the Claims are in their and the Estate’s best interests.
The Cubera Parties shall pay the total sum of $1,000,000.00 (the “Settlement Amount”), which amount includes the Deposit (defined below), to the Trustee by wire transfer to the Trustee’s bank account within three (3) business days after entry of a final, non-appealable order of this Court granting this Motion (the “Settlement Approval Order”).
Hmm... The modus operandi is simple and has been proven to work for Daniel Bland for decades!
Identify a lofty idea, raise money from retail investors, borrow from financiers, get unpaid services from employees and suppliers, make some PR noise, pump and dump stocks to encash, raise hands and file bankruptcy, strike a compromise for peanuts in settlement and move on to next scam project to target next set of unsuspecting retail investors! This guy is reserved a special place in heaven for all the "honesty" he displays. Amen!!
New court dockets: https://www.docketbird.com/court-cases/5Barz-International-Inc/flsb-1:2020-bk-14866
$1,000,000 settlement and mentions their new Cirus Foundation entity
"asserting claims for breach of fiduciary duties, conspiracy to breach fiduciary duties, avoidance of post-petition transfers, avoidance of constructive and actual fraudulent transfers, conversion and unjust enrichment"
I want my money and I want it now!
Came across this one yesterday as well. This provides a little more insight toward the relationship between Danny, Gil, and Finis over the years, I think.
It starts at about the 25 minute mark:
Well, well, well
Hi, I'm new to the forum and came across it via some research floating around on twitter (regarding cirus foundation and their team)
I saw a recent comment about "history repeats" in this forum.
I've tried to read back from a year ago here. It doesn't sound like this team are trustworthy.
Do the people here concur based on your experiences with holding their 5BARZ shares?
Thanks
Good question! Refer back to my post to crossover #2808. Remember, Cirus Foundation is not a company, it’s a movement. The routers and everything that goes along with this are being provided by Cubera International [which in turn could be coming from 5bars/Kaynes]. If you have 5Barz shares then you should have received some Cubera spin-off shares. If you follow the Docketbird court rulings it looks like 5bars has until Nov 7 2021 to provide an update on the bankruptcy reorganization. I may be wrong but I don’t think 5Barz is dead yet. Either way, Cubera is the commercial arm supplying Cirus, including the tokens. It’s published!
Is Cirus Foundation owned by 5Barz? If not, how this development benefits 5Barz investors / creditors?
History repeats - holy smoke! We’re going right back to the beginning of 5Barz, great news if it carries any weight!
https://www.globenewswire.com/news-release/2021/08/30/2288406/0/en/Cirus-Foundation-Adds-Seagate-Co-founder-Finis-Conner-to-its-Team-of-Industry-Veterans.html
The name I want to see under Advisors again is David Habiger. If he’s still in then we really have something.
Former Apple CEO Gil Amelio Joins Cirus Blockchain Project as Adviser
https://www.coindesk.com/former-apple-ceo-gil-amelio-joins-cirus-blockchain-project-as-adviser
History repeats!
Well, maybe there still is! Check out the first section under Abstract from this White Paper.
https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fcirusfoundation.com%2Fwp-content%2Fuploads%2F2021%2F07%2FWhitepaper-v1.1-minor-edit-on-7-02.pdf&data=04%7C01%7C%7C43dfc8c5e2de4aa10c0808d95850f985%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637637927065609500%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=w0vDm2ElnXsfVckcvZBkOajk%2BZpo%2FBpZXsHfuaqQTNc%3D&reserved=0
Cirus Co-Founder Daniel Bland on What’s Next for the Ownership Economy
https://www.financemagnates.com/thought-leadership/cirus-co-founder-daniel-bland-on-whats-next-for-the-ownership-economy/
Ha ha, I was just about to post about the same thing. But whether it means anything to shareholders is another thing!
You may want to check for yourselves but it also appears to me that the Chapter 7 ruling is in limbo and that 5Barz has been given until Nov 7, 2021 to provide an update on the the Chapter 11 reorg. Check the Docketbird article 324. And all the main players for 5Bars are still working for 5Barz according to their LinkedIn Profiles.
https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fcirusfoundation.medium.com%2F%3Fp%3Dbe224f1750fe&data=04%7C01%7C%7C2cca408e110c489534b508d947b607d2%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637619669400688892%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=aPQL8HJ4hOTV%2B3uQDVOvR4cw2isbi1Wu3d%2ByaqGJPnw%3D&reserved=0
https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.docketbird.com%2Fcourt-cases%2F5Barz-International-Inc%2Fflsb-1%3A2020-bk-14866&data=04%7C01%7C%7C10d03d3b2f45435dab9908d947b741d4%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637619674665902740%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=ZagGgQrcBkwFR%2FhYtujO2sLdTzOWzLQyZFkCO55UiWw%3D&reserved=0
Wow! Thanks guys. Sucks.
Zero chance of success!
Danny boy and Gilbert should be put in prison for a long time. They have misled barz investors with bullshit fake sales for years.
My guess is the probability is about the same as it was for 5Barz, but you should probably read some of the court proceedings and come to your own conclusions.
Read Article 240 especially, or 256. They are open, just click. Anything that has turned blue is now open and can be read.
It's like many have said before; It's all Smoke and Mirrors and Lies. I'm just surprised that someone with a seemingly reputable history like Gil Amelio, got hoodwinked by someone with a reputation like Bland.
Every positive spin you read over the past several years all ended with a BIG ZERO, NOTHING! And Article 240 characterizes and confirms that.
Everything else is just wishful thinking!
https://www.docketbird.com/court-documents/5Barz-International-Inc/Objection-to-Confirmation-of-188-Amended-Chapter-11-Plan-filed-by-Debtor-5Barz-International-Inc-Filed-by-Interested-Party-U-S-Securities-and-Exchange-Commission/flsb-1:2020-bk-14866-00240
I'd be shocked if something still came out of this.
So is there any chance that one day our Cubera shares are worth something? What is probability?
BARZ - TD Ameritrade will restrict orders in Caveat Emptor designated OTC securities to liquidating trades only By January 31, 2021. A Caveat Emptor security is a designation the OTC Markets Group places on a security after a determination was made surrounding the company that there may be potential risk to investors which include a questionable stock promotion, known investigation of fraudulent activity committed by the company or insiders, regulatory suspensions, or disruptive corporate actions, among other reasons.The current list of Caveat Emptor restricted securities is below and is subject to change at any time:
https://www.tdameritrade.com/retail-en_us/resources/pdf/cesecuritylist.pdf
https://www.otcmarkets.com/
But I guess I won’t give up all hope just yet, in case maybe, just maybe, against all odds, there is still a chance that something is still going on. At least [ I’m ] not seeing a flurry of disgruntled employees hanging up the towel and bad mouthing the company [ yet ]! But you’re right, with Chapter 7 I guess we’ll lose those shares.
Guess I should have done a little more reading before making a hasty reply. I have to admit, my level of optimism, after reading your reply, dropped to zero. The fact that they're moving to Chapter 7 means that they've been lying all along and could not meet the Chapter 11 agreements, as Favorable1 already said.
https://www.wardandsmith.com/articles/understanding-the-new-fast-pass-small-business-bankruptcy-process
If you do some searching, and in fact it's disclosed in the court docket, Danny and Gil renamed 5Barz to Cubera about a year ago, or maybe 2. In fact there's a spiderweb of associated companies and holding companies.
I saw the motion to move to a chapter 7 was granted. Does that not mean 5Barz the company is shutting down and all of it's assets being sold to pay back creditors?
So our 5BARZ shares will be gone completely, and our Cubera live on.....hopefully?
Thank you so much for going into so much detail. I really appreciate it.
I figured everything had gone completely dark and was basically assuming the worst. Could still be the case, but glad things are moving along through the courts which at least shows they're still fighting.
The crypo rocket-ship is just taking off again after a few years of bottoming out. So their crypto play is a little more relevant again and may strike at the right time if they can still pull it off.
The DocketBird links were first provided courtesy of Keyman18 & Kel Varsen. I have not yet paid to read the full disclosure, maybe they have? The titles can be misleading but I think if you take time to follow them it's possible to decipher. In a little more detail here's what I think happened and of course I welcome corrections if I'm way off but;
https://www.docketbird.com/court-cases/Blue-Citi-LLC-v-5Barz-International-Inc/nysd-1:2016-cv-09027
Blue Citi hired a lawyer (Levi) to get their money back from 5barz. Then a second lender jumped on the bandwagon, EMA Financial. Along the way the court forced 5barz into Receivership and was handing over control of 5barz and all assets to the Receiver (Levi).
https://www.docketbird.com/court-cases/5Barz-International-Inc/flsb-1:2020-bk-14866
This forced 5barz to file for chapter 11 protection to reorg but with a Subchapter V provision that allowed 5Barz to retain control of the company and proceedings. This is where I believe 5barz must have or may have received some outstanding payments from Vodafone and were able to convince the court with the help of their lawyers that they could repay creditors. Again, here we can see the list that has been accepted by each creditor, to the tune of $2.3 million. Even Tushar Shah is listed as a creditor. And under the provisions, 5Barz has been submitting timely financials according to the rulings. It looks like the 2 legal representatives, (Mancuso & Martinez-Molina) for 5barz are withdrawing because their job is done and now they are pulling in a new top notch Subchapter V Trustee (Tabas)to steer through the Chapther 7 conversion, which now looks like we have at least, maybe another 2 months to go. I'm guessing at some point they still plan to go public again, maybe a clue on the 5Barz website that there is an IR tab again (placeholder).
The difference between 5Barz and Cubera to me appears to be that 5Barz is now strictly the Network Extender, which we can see from the websites. They have striped out the Router.
So I believe that Cubera is now the Router and the Big Data business, which Danny alluded to as a whole new business eclipsing previous expectations. It would be nice if there were a way to find out from Kaynes Tech if they are pumping out routers by the truckload.
I have a wild imagination so I still wonder if David Habiger is still with the board. David is CEO of JD Power and JD Power has a big presence in Asia and Singapore. Collecting data points from customers from the ROVR Router could be something they're striving for.
I believe you also suggested something similar in a previous post, the GOOGLE model. The question being for how long, or could they continue to roll out [free] routers until they reach critical mass.
And of course they have the pandemic to deal with as well so who knows what damage that has done but the good side to that is 5Barz should be catering to the increased Work-from-home demand if they have anything?
Thanks for the recap roguewave5. Do you have an idea of the distinction between 5BARZ and Cubera yet?
I saw some of the court dockets, but just seeing the titles made me wonder what was really going on.
Is there any site that gives more info about proceedings than docketbird, or do you always need to pay to unlock each document?
Not at all the spin that I was trying to put on it. To me it simply looks like they are still pushing forward.
Bottom line,
Danny boy and Gil are your typical penny stock crooks!
You mean outside or apart from the court cases? If you have not been following, here is my quick compact update, providing that I have interpreted what I'm reading correctly, or maybe I'm way off:
It looks to me like Danny and gang had everything pretty much under control and steered the proceedings mostly in the direction they wanted, aside from being forced to file for Chapter 11, subchapter V, by Blue Citi, EMA Financial and (Levi).
I think we may need to follow Vodafone for a possible explanation. I didn't realize that the Idea / Vodafone merger was such a huge undertaking, and then to top it off, the Indian government suddenly was going to impose a huge retroactive Tax burden, not just on VIL but all the Telcos. But this Tax burden was pushing VIL to the brink of bankruptcy, so at the time, if any payments were owed to 5Barz, they were probably not being made.
Easier to go read the articles on GOOGLE than to explain here but in short the threat from the Indian government against Vodafone was overruled by Hague, for the time being. But the Indian government hasn't completely given up yet. And VIL is in the process of re-branding themselves.
It appears to me that 5Barz must have received some funds because in the Court proceedings they have agreed to repay in the neighborhood of 2.25 or 2.3 million back to creditors, all listed out in the 5Barz Bankruptcy Docket, not to mention the legal fees.
On Friday there was a motion, again, if I'm interpreting this correctly, by the Subchapter V Trustee, to move from Chapter 11 to Chapter 7, so 5Barz can wrap this up and get their focus back on the business.
But as to how business is progressing and whether they're making any money, it's still up in the air I guess. No updates for 5Barz or for Cubera.
https://www.docketbird.com/court-cases/5Barz-International-Inc/flsb-1:2020-bk-14866
https://www.docketbird.com/court-cases/Blue-Citi-LLC-v-5Barz-International-Inc/nysd-1:2016-cv-09027
There is also some interesting reading in an article from Basile Law about a path that 5Barz was pursuing already 2 - 3 years ago that's wrapped up in all this, that really brings home the risk to Penny Stocks.
https://pubcoceo.com/2018/12/06/toxic-note-fight-taken-to-federal-appeals-court-in-new-york/
Any news at all about 5Barz in the last few months?
Looks like both sites are back, staged and poised for the next steps.
For whatever it's worth; Looks like the 5Barz India site may be back online again albeit a stripped down version with only a focus on the Network Extender and most of the pages have no info. I haven't seen this site in months, at least using Google. Will the ROVR appear on a different site?
It would be nice if Danny held another conference call letting us know what the specifics are with Cubera and what the plans are moving forward.
We seem to be going backwards fellas. Not looking good.
Normally, a Chapter 11 trustee is appointed only for cause, such as fraud or gross mismanagement, and seizes control of the debtor's operations. Under Subchapter V, a trustee is automatically appointed, but the debtor retains control of its assets and operations.
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5BARz International, Inc. (BARZ) is engaged in the design, development and global commercialization of new technologies that enable cellular network carriers to improve the connectivity performance endemic on their networks and provide clear, high-quality signal for their subscribers. By addressing the global demand for high-quality service, 5BARz seeks to capitalize on the minimum market opportunity of approximately $27 billion.
At the core of this mission is the company’s patented product technology, 5BARz™, a cellular network infrastructure device for use in the small office, home or for when users are mobile. 5BARz has incorporated this patented technology to create a highly engineered, single-piece, plug 'n play unit that strengthens weak cellular signals and delivers high-quality signals for voice, data and video reception on cell phones and other cellular-equipped devices.
Current cellular network infrastructure is comprised of cell towers, cellular base stations, macro repeaters, micro cells, and many other “carrier grade” technologies and categories. 5BARz aims to revolutionize this network infrastructure with its one-of-a-kind and industry first 5BARz Network Extender™ product. This entirely new category will allow network operators the ability to position or “extend” a new and critical piece of their network infrastructure directly into the homes and offices of its subscribers to deliver a stronger, more reliable cellular signal.
5BARz Network Extender was launched in February, 2014, in Barcelona during the Mobile World Congress, and garnered widespread and extremely positive feedback that confirmed the company’s belief that the industry is looking for a solution to improve coverage in poor coverage areas within their networks. 5BARz™ represents a critical solution with the potential to fundamentally change the way cellular carrier network infrastructure is designed and deployed to their billions of subscribers worldwide.
Investment Highlights
Technology & Patents
As an industry pioneer in wireless infrastructure technology, 5BARz intends to expand its current portfolio of two patents issued, 11 international patent applications in process, and four original U.S. applications in process.
Patents Issued
These patents serve as the core of 5BARz’s innovative products and services.
The 5BARz Extender
The 5BARz Network Extender™ will allow network operators from all over the world to position or “extend” a new and critical piece of their network infrastructure directly into the homes and offices of its subscribers, not unlike cable providers do with their cable boxes and ISP’s do with their modems. This device will allow for carriers to finally deliver a stronger, more reliable cellular single hence easing the frustrations of mobile subscribers all over the globe.
The 5BARz Network Extender™ is a “carrier grade” cellular network infrastructure device which is capable of being remotely managed from each carrier’s Network Operation Center and includes patented technologies such as bringing together both the send and receive antenna into a single form factor, automatically cancels echo or “noise cancellation,” supports multiple bands and all frequencies around the world, and automatically balances power management to avoid any interference with the macro network with the ability to support up to 10 simultaneous users at a time.
Road Warrior
Developed by 5BARz subsidiary CelLynx Group, the Road Warrior plug-n-play device delivers full cell phone signal strength and up to 20x faster Internet in "dead" zones.
The device can be used from any location where power is available, including vehicles, homes, offices or hotel rooms and without the need for installation, external cabling or antennas.
The 5BARz Road Warrior won the prestigious Innovation of the Year award at the 2010 Consumer Electronics Show for achievements in product design and engineering, and 5BARz is currently redesigning the device for an enhanced version expected to launch in Q1 2015.
Competitive Edge
5BARz plans to sell its products through mobile network carriers. To foster customer loyalty, each carrier network will have its own proprietary version of the system.
5BARz’s innovative and affordable solutions improve mobile phone and wireless data signals for phones, laptops, and tablets. The company’s products meet incredible industry demand, improving reception, reducing dropped calls and eliminating dead zones, preventing degradation of wireless data rates and maintaining data reliability.
Through successful capital raises in the past 12 months, 5BARz has raised more than $3 million, allowing the acceleration and completion of 5BARz Network Extender. Last year’s FCC ruling underscored the need for signal “boosters” that do not adversely affect wireless network, providing 5BARz with a significant and sustainable competitive advantage.
5BARz’s patented technology incorporates all of the “Network Protection Standard Requirements” set out in the FCC findings while making the product both user and operator friendly.
Additional Advantages:
Market Opportunity
Readily available cellular industry data clearly shows that more than 3% of the world’s 4.3 billion mobile subscribers leave one network for a competing network specifically because of poor single quality, dropped calls and terribly weak data throughput (in industry parlance, “churn”), all at a time when cellular devices are becoming increasingly data reliant.
For 5BARz to simply address the “churn” issue, the market opportunity is at minimum approximately $27 billion. However, the company sees market potential well above the churn. Why? In the highly competitive cellular market, customer loyalty is driven by carriers that go that extra step in proving that they clearly understand how and for what purposes mobile subscribers currently use their mobile devices.
The data is clear on this.
Voice revenues for carriers globally are rapidly falling while data revenues continue to climb despite the subpar data capabilities that mobile subscribers endure on a daily basis. Carrier networks simply are not yet adequately developed to capture the rapidly increasing demand for much increased data usage on mobile phones.
Those infamous “drop spots,” whether in the interior of a building or on the highway, are not areas that are being ignored by network carriers; rather, the network carriers simply lack the final, critical piece of their network infrastructure.
Given this conundrum, 5BARz aims to change the way the carriers build, roll-out and deploy their network infrastructure with the 5BARz Network Extender. The 5BARz Network Extender is the last piece of equipment that carriers need to be able to deliver optimum performance over their networks and finally put to rest years of subscriber frustration.
The 5BARz Network Extender truly delivers the “last mile in mobile connectivity.”
Growth Strategy
5BARz has made great strides in advancing to its growth strategy, backed by the help and expertise of a dedicated team of employees, advisors and support from its stakeholders. The company began distribution of products with an initial delivery of devices to Mexico, Latin America’s second largest market.
The strategic decision to commence distribution in this market through Computación AM, which boasts a client network of more than 20,000, positions 5BARz for strong growth in 2014 and beyond.
5BARz also opened a new Southern California Innovation Center in October, providing design and engineering capabilities to further develop 5BARz’s core technologies and to meet the product delivery needs of its partners.
Near-Term Growth Drivers
The company’s product development roadmap envisions the core technology to be adapted to several different market segments in the near future, including continuing to reduce the size of its devices.
Furthermore, 5BARz is in the process of redesigning its mobile solution sand believes the new designs will be more suitable for incorporation by Original Equipment Manufacturers (OEM).
The integration of this technology into products such as automobiles, recreational vehicles, and computers would represent a major leap forward in cellular network performance and improve customer satisfaction and usage.
Leadership
Most successful business people around the world will point to the “team” as the single most important factor in a company’s DNA. With the right people, we have all watched small companies emerge and in a short period of time change the world. The difference maker each and every time is the TEAM.
Daniel Bland - Founder / Chief Executive Officer
5BARz founder and CEO Daniel Bland is a seasoned entrepreneur who has firmly established himself as a ‘hands-on’ developer of premier and unique technologies. Over the last 30 years he has been well ahead of the technology curve by locating state-of-the-art technology, and then incubating, developing, commercializing and building a world class team around him to make those technology innovations and advances a reality.
Through this process, Bland has mastered the small-cap market techniques that have allowed him to raise more than $100 million for his various ventures in both domestic and international venues. His development and financing activities over the years have allowed him to build a network of like-minded companies and individuals across the globe from Monaco to Moscow, Vancouver to Bangalore.
One project at a time, Bland fully immerses himself as an entrepreneurial CEO in the startup stage, selecting a management team to help him take the technology, product and the company to the next level. Backed with skill sets and his 30 years of experience, Bland is now fully focused on building 5BARz and its leading-edge products in the wireless industry, the most vibrant technology sector in modern times.
Naresh Soni - Chief Technology Officer
Naresh Soni came to 5BARz with more than 30 years of experience in the telecommunication industry. He is an accomplished and highly recognized technology leader with experience inventing, building, managing and rolling out multiple global telecommunications technologies we all take for granted. With the advent of cellular, Soni is credited with developing technology products for mobile devices and networks, which have generated hundreds of millions of dollars in revenue.
Most recently, Soni served as the chief technology officer of InterDigital, a $2 billion market cap NASDAQ company, where he was responsible for InterDigital’s technology strategy and road map. Additionally, Soni led the company’s university and industry relationships, provided guidance on M&A opportunities, as well as all research and development initiatives.
Prior to InterDigital, Soni served as the chief technology officer for Streamezzo, a venture-funded provider of interactive rich media solutions for some of the world’s leading handset manufacturers and wireless operators. His previous experience also includes executive positions at STMicroelectronics, Nokia, AT&T Bell Labs and IBM. Soni holds several patents, has authored multiple technical papers, and has given keynote speeches at many communications and computing conferences.
Soni earned his Master of Science in Computer Engineering from the University of Texas, Austin. He has served on the board of the University of California San Diego (UCSD) Center for Wireless Communications, Commnexus and is currently on the Technical Advisory Council at Interdigital and Accelera Mobile Broadband.
Mark Geohegan - Director of Finance
Mark Geohegan has operated as a financial professional for 30 years. A former chartered accountant with Price Waterhouse, Geohegan leveraged his operating businesses to develop a career of guiding start-up companies into thriving enterprises. He was a hands-on manager at an organization that developed 1,100 franchised outlets internationally within a few years, and was an active part of a turnaround team in a high tech company that now has a market capitalization of $1.6 billion dollars. Geohegan has substantial experience in structuring and listing companies on stock exchanges in various venues in the world and substantive post-listing management experience, including quarterly reporting, annual audited financials, annual reports, budgets, ongoing business plan development, investor relations and management of business development initiatives.
Orlando Cueter - Vice President, Business Development
With more than 20 years of business experience, Orlando Cueter began his career at the United Nations in Santiago Chile – Industry Division. Since then Cueter has been involved in corporate finance for a diverse number of global businesses. He is a partner of ITC (Invoice-to-Cash) in Toronto and remains co-founder and owner of the Tre Angoli Winery in Manila, Philippines.
Gil Amelio - Chairman of the Board
An iconic technology executive and investor, Dr. Gil Amelio in 2013 stepped down from the AT&T board of directors, a career expanding 18 years, to assume a more hands-on role in executing 5BARz’s accelerated growth strategy as chairman of the board. Throughout a career span of more than three decades, Dr. Amelio has led various technology companies, serving as the CEO and chairman of Apple Computer; the president, CEO and chairman of National Semiconductor; and the president of Rockwell Communication Systems, a unit of Rockwell International. Under his leadership, these companies underwent successful transformations that resulted in over $9 billion USD increase in investor value.
Dr. Amelio launched his career as a member of the technical staff at Bell Labs’ legendary Murray Hill, NJ, campus. He received a Bachelor’s Degree, Master’s Degree, and Ph.D. in physics from the Georgia Institute of Technology. He has been awarded 16 patents and a 17th is pending. He is also the co-author of three books, two of which were business best sellers.
Dr. Amelio has established a well-documented legacy of having identified and implemented key strategically important emerging technologies leading to significant increases in shareholder value at the companies he led. His broad base of experience, influence in the technology sector and insightful guidance to developing technology companies is a significant asset to organizations with which he is or has been associated.
5BARz International, Inc. |
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