MISSION VIEJO, Calif., March 6, 2012 /PRNewswire/ — 5BARz International Inc. (OTCBB: BARZ), (Boerse-Berlin: O5B), (www.5BARz.com) (hereafter “5BARz” or the “Company”) is pleased to announce that Mr. Finis Conner, one of the original founders of Seagate Technology, Inc., has joined the Advisory Board of 5Barz International Inc., effective immediately.
For his entire career Finis Conner has correctly identified and executed winning trends in the lightning fast technology industry.
Conner’s experience in selling, designing and manufacturing hard disk drives played a major role in creating the multi-trillion dollar, global technology market that we know today. Mr. Conner has been pivotal in migrating computing from floor towers, desktops, laptops and now to your back pocket with smaller devices, higher capacity and lower costs.
Mr. Conner’s career was launched when he co-founded Shugart Associates in 1973, where they produced and sold 8″ floppy and hard (HDD) disc drives. The company was sold to Xerox Corporation in 1977.
Conner’s never ending focus on “new market trends” and what “customers need” has served him well since then.
In 1979, Conner recognized the trend to smaller computers and conceived the original 5 1/4″, 5MB Winchester disc drive which led to co-founding Seagate Technology. Many computer manufactures at the time didn’t see the need for that much memory but Conner sought out and later sold Steve Job at Apple Computer, 95% of his first years production. Today Seagate is the largest drive company in the world with a $12 Billion market capitalization, 50,000 employees and shipping over 50,000,000 drives per quarter.
In 1986, Conner saw the eventual migration of computers to even smaller and smaller form factors and developed the 31/2″ hard drive. There was little interest at Seagate to develop this drive at the time, so Mr. Conner set out to start yet another company.
Conner found an eager partner in Compaq Computer who invested $35,000,000 in the new Conner Peripherals and became the launch customer for the 3 1/2″ Winchester Drive.
Conner Peripherals was an instant success and became the fastest-growing company in U.S. history with Conner leading the growth of the company to $1.4 billion in sales in only its 4th year and $2.7 billion in its 10th year, when he engineered the sale of the company to his former company and then rival, Seagate.
Mr. Conner had developed top management teams throughout his career in multiple disciplines including, sales, marketing, manufacturing and distribution. Under Conner, both Seagate and Conner Peripherals built World Class ISO 9001 high tech manufacturing facilities around the globe, including, California, Singapore, China, Vietnam, Ireland, Scotland and Italy.
Over his career, his companies were responsible for creating in excess of 160,000 high quality, high paying technology jobs.
Visionary student of market trends, and a leader in developing market beating companies with unmatched financial performance, Finis Conner has been an unparalleled leader in the Storage market and key player in the development of the worldwide computer market.
“I have been working for years to provide solutions to the very rapidly growing Mobile markets for communication, content, financial, ID and security.
“5BARz has a global focus in bringing a unique and important solution to the mobile communication markets around the world and this will provide long term value to these markets. I am very pleased to have an opportunity to participate with the members of management and a distinguished Advisory Board,” stated Mr. Conner
Mr. Conner is currently the Chairman and Chief Executive Officer of BluStor, LTD.
Mr. Daniel Bland, President and CEO of 5BARz International Inc., states, “Since getting involved with the 5BARz technology, we have maintained close contact with Finis, as the Company contemplates the logistics of a global rollout of our cellular network infrastructure products. As one of the noted executives that help build the global personal computer industry we are extremely excited to welcome Finis to our advisory board. His experience and insights are invaluable to 5BARz as we negotiate this opportunity through a global roll-out. Mr. Conner joins fellow Advisory Board member Mr. Marcello Caputo (CEO of Telefonica USA) and Mr. George Lauro, as we integrate the 5BARz™ technology into the wireless marketplace in the Americas and beyond.”
About 5BARz International Inc.
5BARz International Inc. holds the exclusive global marketing and distribution rights and holds a 50% ownership interest in the technology underlying the 5BARz™ products. 5BARz™ is a cellular network infrastructure device for use in the small office, home and mobile market places. 5BARz™ incorporates a patented technology to create a highly engineered, single-piece, plug ‘n play unit that strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices. 5BARz™ represents a key solution for cellular network operators in providing clear, high quality signal for their subscribers with a growing need for high quality connectivity.
5BARz International Inc.’s shares are publicly traded on the OTCBB under the ticker symbol BARZ in the US and on the Berlin Stock Exchange (www.boerse-berlin.com) under symbol “O5B.”
On behalf of the Board of Directors
“Mr. Daniel Bland” CEO & Director
5BARz International Inc.
Legal Notice Regarding Forward-Looking Statements
The information contained in this release consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward — looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, and competition in general that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward — looking statements whether as a result of new information, future events or otherwise.
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Source: PR Newswire (March 6, 2012 – 7:06 AM EST)
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