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Monday, July 30, 2007 7:46:06 AM
GGBM: 5.67 GigaBeam Announces Hiring of Mark Hahn as Chief Financial Officer and Vice President of Finance and Administration
Monday July 30, 3:30 am ET
Former Ernst & Young Senior Manager and Long-Time CFO to Lead Company During Sustained Period of Growth
Shares Outstanding: 6.55M
Float: 3.59M
DURHAM, N.C.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ:GGBM - News), deploying market disruptive "wireless fiber optics" technology to economic centers across the globe, announced today that it has hired Mark Hahn as the Company's new Chief Financial Officer and Vice President of Finance and Administration. Mr. Hahn, a long-time CFO and a former Senior Manager at Ernst & Young, will join GigaBeam during period of sustained corporate growth.
Previous to his new position at GigaBeam, Mr. Hahn was CFO of at BuildLinks, Inc., where he led the development of that company's financial models, strategic plans and drove the closing of several rounds of venture capital investment. At Performaworks, Inc., Mr. Hahn led the restructuring of that business by modifying short and long-term strategic initiatives that reduced its monthly burn rate by 40%.
"Mark is the ideal candidate for the CFO position at GigaBeam due to his experience and for his proven ability to develop viable financial strategies," said Louis Slaughter, Chairman and Chief Executive Officer of GigaBeam. "I would also thank Leighton Stephenson for his tireless work as our former CFO and respect his decision not to relocate to Durham. Mark will step right in as an important member of the GigaBeam management team as we continue to execute on our overriding mission to build shareholder value."
Mr. Hahn also served as Senior Manager at Ernst & Young, LLP, where he led project management, engagement planning, client relations and the development of both public and private growth oriented companies. Following his position at Ernst & Young, Mr. Hahn served as the CFO of Charles & Colvard, where his executive accomplishments included growing the firm from three employees with $1 million in seed money into a thriving, NASDAQ traded company with more than 75 employees.
GigaBeam's WiFiber® technology is similar to terrestrial fiber in terms of speed and reliability. WiFiber® has a substantial advantage over terrestrial fiber because it can be rapidly deployed and costs significantly less to deploy than terrestrial fiber. Terrestrial fiber can take months to deploy and also require significant regulatory and environmental approvals prior to installation.
About GigaBeam Corporation
GigaBeam's WiFiber® product ushers in a new era of communications by allowing customers to bypass the restrictive telecom oligopoly and connect directly to any city's fiber optics hub or Point-of-Presence (POP). The disruptive impact of an easily deployable, low cost alternative to fiber optics cables is difficult to overestimate, especially since WiFiber's point-to-point high-speed units transmit data via the highest approved radio frequency at speeds equal to 641 T1 lines or 1000 DSL lines.
Current GigaBeam partners and customers include Google, Verizon, ING, Sprint, The Department of Defense, as well as several cities and universities such as San Francisco and Boston University. The Company has implemented an aggressive commercialization strategy to expand into major metropolitan areas around the world.
GigaBeam's visionary management team is fully committed to augmenting current revenues through a network of authorized dealers and resellers across North America, South America, Europe, Africa, the Middle East, India and Asia that have local expertise and established contacts. In short, GigaBeam offers a truly unique investment opportunity with market disruptive wireless technology, a pioneering management team and a worldwide network dedicated to penetrating major metropolitan markets around the globe.
To learn more about GigaBeam's revolutionary wireless technology, please visit www.gigabeam.com/.
For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/gigabeam.
To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/gigabeam/quote.html.
To view an investor fact sheet about the company, visit http://www.trilogy-capital.com/tcp/gigabeam/factsheet.html.
Safe Harbor Statement
Statements in this press release regarding GigaBeam's products, services, capabilities, performance, opportunities, development and business outlook that are forward-looking involve and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond GigaBeam's control and difficult to predict, and could cause actual results to differ materially from these anticipated, expressed or forecasted in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: limited capital resources and continued dependence of our operations on additional financing, limited operating history, difficulties in distinguishing GigaBeam's products and services, ability to manufacture and deploy GigaBeam's products, lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, availability of raw materials, subassemblies and components, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the telecommunications industry and the global economy, intense competition in the telecommunications equipment industry and resulting impact on pricing and general financial performance, compliance with federal and state regulatory requirements, timing, availability and success of new technology and product introductions and the other factors discussed in GigaBeam's filings with the Securities and Exchange Commission.
Contact:
Financial Communications
Trilogy Capital Partners
Ryon Harms, 800-592-6067
ryon@trilogy-capital.com
--------------------------------------------------------------------------------
Source: GigaBeam Corporation
http://biz.yahoo.com/bw/070730/20070730005362.html?.v=1
Monday July 30, 3:30 am ET
Former Ernst & Young Senior Manager and Long-Time CFO to Lead Company During Sustained Period of Growth
Shares Outstanding: 6.55M
Float: 3.59M
DURHAM, N.C.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ:GGBM - News), deploying market disruptive "wireless fiber optics" technology to economic centers across the globe, announced today that it has hired Mark Hahn as the Company's new Chief Financial Officer and Vice President of Finance and Administration. Mr. Hahn, a long-time CFO and a former Senior Manager at Ernst & Young, will join GigaBeam during period of sustained corporate growth.
Previous to his new position at GigaBeam, Mr. Hahn was CFO of at BuildLinks, Inc., where he led the development of that company's financial models, strategic plans and drove the closing of several rounds of venture capital investment. At Performaworks, Inc., Mr. Hahn led the restructuring of that business by modifying short and long-term strategic initiatives that reduced its monthly burn rate by 40%.
"Mark is the ideal candidate for the CFO position at GigaBeam due to his experience and for his proven ability to develop viable financial strategies," said Louis Slaughter, Chairman and Chief Executive Officer of GigaBeam. "I would also thank Leighton Stephenson for his tireless work as our former CFO and respect his decision not to relocate to Durham. Mark will step right in as an important member of the GigaBeam management team as we continue to execute on our overriding mission to build shareholder value."
Mr. Hahn also served as Senior Manager at Ernst & Young, LLP, where he led project management, engagement planning, client relations and the development of both public and private growth oriented companies. Following his position at Ernst & Young, Mr. Hahn served as the CFO of Charles & Colvard, where his executive accomplishments included growing the firm from three employees with $1 million in seed money into a thriving, NASDAQ traded company with more than 75 employees.
GigaBeam's WiFiber® technology is similar to terrestrial fiber in terms of speed and reliability. WiFiber® has a substantial advantage over terrestrial fiber because it can be rapidly deployed and costs significantly less to deploy than terrestrial fiber. Terrestrial fiber can take months to deploy and also require significant regulatory and environmental approvals prior to installation.
About GigaBeam Corporation
GigaBeam's WiFiber® product ushers in a new era of communications by allowing customers to bypass the restrictive telecom oligopoly and connect directly to any city's fiber optics hub or Point-of-Presence (POP). The disruptive impact of an easily deployable, low cost alternative to fiber optics cables is difficult to overestimate, especially since WiFiber's point-to-point high-speed units transmit data via the highest approved radio frequency at speeds equal to 641 T1 lines or 1000 DSL lines.
Current GigaBeam partners and customers include Google, Verizon, ING, Sprint, The Department of Defense, as well as several cities and universities such as San Francisco and Boston University. The Company has implemented an aggressive commercialization strategy to expand into major metropolitan areas around the world.
GigaBeam's visionary management team is fully committed to augmenting current revenues through a network of authorized dealers and resellers across North America, South America, Europe, Africa, the Middle East, India and Asia that have local expertise and established contacts. In short, GigaBeam offers a truly unique investment opportunity with market disruptive wireless technology, a pioneering management team and a worldwide network dedicated to penetrating major metropolitan markets around the globe.
To learn more about GigaBeam's revolutionary wireless technology, please visit www.gigabeam.com/.
For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/gigabeam.
To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/gigabeam/quote.html.
To view an investor fact sheet about the company, visit http://www.trilogy-capital.com/tcp/gigabeam/factsheet.html.
Safe Harbor Statement
Statements in this press release regarding GigaBeam's products, services, capabilities, performance, opportunities, development and business outlook that are forward-looking involve and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond GigaBeam's control and difficult to predict, and could cause actual results to differ materially from these anticipated, expressed or forecasted in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: limited capital resources and continued dependence of our operations on additional financing, limited operating history, difficulties in distinguishing GigaBeam's products and services, ability to manufacture and deploy GigaBeam's products, lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, availability of raw materials, subassemblies and components, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the telecommunications industry and the global economy, intense competition in the telecommunications equipment industry and resulting impact on pricing and general financial performance, compliance with federal and state regulatory requirements, timing, availability and success of new technology and product introductions and the other factors discussed in GigaBeam's filings with the Securities and Exchange Commission.
Contact:
Financial Communications
Trilogy Capital Partners
Ryon Harms, 800-592-6067
ryon@trilogy-capital.com
--------------------------------------------------------------------------------
Source: GigaBeam Corporation
http://biz.yahoo.com/bw/070730/20070730005362.html?.v=1
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