WLSA ~ Chairman and CEO, John G. Simmonds, Wireless Age Communications, Inc.
Simmonds carries decades of experience in turning development-stage projects into multi-million dollar ventures. Clublink Inc., as Canada's largest golf course operator with enterprise value of over $1,000,000,000 was founded by Simmonds in 1989.
In 1989, Mr. Simmonds purchased the first of many golf courses, Cherry Downs, a private 18-hole golf course located just north of Toronto, Canada. Cherry Downs was later sold into a public company, which became Clublink Corporation (TO: LNK) and today is the largest golf course operation in Canada. http://www.secinfo.com/d13Wqv.z2ap.htm
Simmonds' earlier practice led him into acquiring hopeless operations and restructuring them to sell for multi-millions. Dynacharge was sold to Duracell for $10,000,000 in 1985, after Simmonds had acquired it for $100,000.
In 1981, he began a long career of buying low cost acquisitions and building them up for later resale. He purchased Dynacharge out of bankruptcy for $100,000 and sold it four years later for $10 million. http://www.321gold.com/editorials/moriarty/moriarty100103.html In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000 to Securicor of Engand. The symbol was later adopted by InterDigital Communications. "LOS ANGELES, TORONTO, and SURREY, England--(BUSINESS WIRE)--June 18, 1996--INTEK/SIMMONDS(NASDAQ: IDCC ) SECURICOR(TSE: SMM LONDON STOCK EXCHANGE:SECURICOR) In a joint statement, Intek Diversified Corporation ("Intek") of Los Angeles, California, Simmonds Capital Limited ("SCL") of Toronto, Canada, and Securicor plc of Surrey, England, Tuesday announced that definitive agreements have been signed to combine Intek's Roamer One air time services business with the US Land mobile radio business of Midland International Corporation ("Midland"), a wholly owned subsidiary of SCL, and the narrowband wireless technology and manufacturing operations of Securicor Radiocoms Limited ("SRL"), a wholly owned subsidiary of Securicor Communications Limited. http://www.secinfo.com/dsVS7.932j.c.htm Simmonds manages numerous other entities and controls intellectual property for future venture consideration. President and CEO of Newlook Industries Corp. (NLI.V), CEO of Gamecorp Ltd, formerly Eiger Technology, Inc. (GAIMF.OB), Chairman and CEO of Racino Royale, Inc., now InterAmerican Gaming, Inc., TrackPower, Inc., now Gate To Wire Solutions, Inc. (GWIR.OB), and Lumonall, Inc. (LUNL.OB). http://pinksheets.com/edgar/GetFilingHtml?FilingID=3640627
In 1991, as a director of Glenayre Electronics, Simmonds aided in taking the company public on the Nasdaq for $80,000,000. The company peaked at $3,000,000,000 in the early nineties. Simmonds recalls the day in late 1987 when he took control of Glenayre Electronics from Klaus Deering, the man who had spent 19 years building the company from an insignificant $300,000 outfit to a $34-million manufacturer of communications equipment. Speaking of those days now, he says: "I don't want to be dishonest, but I don't want to wash a lot of dirty linen in public--there wasn't a lot of it. Actually, Klaus and I got along pretty well," says Simmonds.http://findarticles.com/p/articles/mi_hb3379/is_198902/ai_n8117201/
Synopsis: Simmonds is a seasoned executive with decades of managerial experience in building successful enterprises. His judgment benefits the strong teams he assembles designated for specific ventures. His experience will be critical to launching waste-to-energy power plant projects in cooperation with Sunbay Energy Corp. President, Jordan Oxley, across North America.
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