Sterling, "Next, consider that the now CEO of AWYI is Arne Dunhem. Bottom line, for those who are not familiar with him or remember the run that MOBL had, he was the CEO that was responsible for MOBL going from .002 to .40 per share"???????
Sterling, Jay Wright was the CEO of MOBL during the run that MOBL had from .002 to .40. Read the PR my friend...
MobilePro Corp CEO Resigns To Pursue Other Business Interests; Jay Wright Appointed CEO
Rockville, MD, December 17, 2003 - MobilePro Corp. (OTCBB: MOBL), an emerging company developing new global wireless technologies and applications, announced today the resignation of Arne Dunhem as chief executive officer and director of MobilePro. Dunhem tendered his resignation to the board to pursue a new CLEC business opportunity and will continue to work with MobilePro to ensure a seamless management transition.
The MobilePro board announced the appointment of Jay Wright to serve as chief executive officer effective immediately. Wright recently served as CFO for Technical and Management Services Corporation ("TAMSCO") where he negotiated the sale of TAMSCO to Engineered Support Systems, Inc. Wright previously served as CFO of Speedcom Wireless Corporation where he helped raise more than $14.5 million in equity funding for the wireless software technology company. Wright's experience also includes serving as an investment banker with Merrill Lynch and as a mergers and acquisitions attorney with Skadden, Arps, Slate, Meagher and Flom, LLP in New York and Foley & Lardner in Chicago.
Wright received his Bachelor's degree in Business from Georgetown University (summa cum laude) and a JD degree from the University of Chicago Law School.
"I look forward to building an expanded management team and leveraging the company's current business initiatives to generate value for MobilePro's shareholders," Wright said. "I intend to quickly address the proposed Constellation transaction, emerging Zigbee opportunities and other business development and acquisition opportunities now in progress," said Wright.
"Arne Dunhem has made a contribution in helping MobilePro capitalize on its Korean partner connections," said Daniel Lozinsky, a member of MobilePro's board of directors. "We wish Arne much success in his future activities and foresee opportunities to possibly work together in future projects."
MobilePro is an emerging company creating scaleable and global wireless technologies and applications. The company has expertise in wireless components technology and intends to leverage that expertise into delivering wireless applications and systems solutions for the global enterprise markets. The company has aligned itself into three operating units. The company's MobilePro Applications Division intends to develop new Wireless Data Network Exchange Service(SM) (W-DEX(SM)) products for wireless data applications and operational support services such as wireless network monitoring and testing. The company's MobilePro Systems Division intends to provide specialized radio frequency design services for turnkey wireless systems, wireless telemetry systems, solutions that bridge wireless local area networks ("WLAN") and third generation ("3G") and other wireless web systems. The company's NeoReach Advanced Technologies Division intends to develop advanced 3G chip technology including 3G modem semiconductor chip sets for hand set telephones, pico-cell base stations, smart antenna technology and advanced radio frequency semiconductors.
AI
