CSI Wireless Board Change
2 March 2006
CSI Wireless Inc. announces today that Mr. Michael W. Brower has resigned from the Company's Board of Directors.
Mr. Brower is the President of Fall Creek Consultants Inc., and publishes Wireless Location News, both specializing in Wireless Location Technologies and Applications. Mr. Brower consults to companies within the wireless location and telematics industries and is currently pursuing opportunities within the industry that could represent a conflict of interest if remaining a member of the CSI Wireless Board. This has led to his decision to resign.
Mr. Brower joined the Board in 2000 following the Company's acquisition of Wireless Link Corporation. "Mr. Brower has served the board diligently for the past five years," stated Stephen Verhoeff, President and CEO of CSI Wireless. "We want to thank Michael for these years of service and wish him all the best in his future endeavors."
CSI Wireless recently announced a reduction of staff, expenses and overall investment within its Telematics division.
In congruence with the Company's proportionally increased focused on its Hemisphere GPS business, CSI intends to increase the proportion of directors on its Board that are directly representative of that industry.
About CSI Wireless
CSI Wireless designs and manufactures innovative, cost-effective, wireless and GPS products for mobile and fixed applications in the agriculture, marine, automotive and other industries. CSI is a leader in several high-growth markets including Precision Guidance in Agriculture and Desktop Cellular Telephones. The Company, through its Wireless and its Hemisphere GPS divisions, owns numerous patents and other intellectual property. It has licensed its cellular technology to GPS, cellular handset, and chipset manufacturers. CSI's common shares trade on The Toronto Stock Exchange under the trading symbol "CSY", with approximately 46 million outstanding. The company's head offices are in Calgary, Alberta, and it has major product development, sales and marketing facilities in California's Silicon Valley, Texas, Arizona and Kansas. For more information about CSI, go to www.csi-wireless.com.
For further information: Cory Pala, Investor Relations, E-vestor Communications Inc., (416) 657-2400, cpala@evestor.com
Source: newswire
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