Company Confirms Maxim Group as its Financial Advisor and Investment Banker
SEATTLE, June 12, 2013 /PRNewswire/ — 5BARz International Inc. (OTCBB: BARZ), (Boerse- Berlin: O5B), (www.5BARz.com) (“5BARz” or “the Company”) announced today that it has appointed Mr. Naresh Soni as its new Chief Technology Officer. Mr. Soni will work closely with the executive team to further develop the Company’s patented “plug-and-play” wireless technology and will help ensure the delivery of the highest quality products and services to 5BARz’s customers.
Mr. Soni brings a tremendous amount of experience within the telecommunication industry. He is an accomplished technology leader with over 20 years of experience building and managing global technology and marketing teams, products, systems, and infrastructure. He is credited with developing technology products for mobile devices and networks which have generated hundreds of millions of dollars in revenue.
Most recently, Mr. Soni served as InterDigital’s Chief Technology Officer, where he was responsible for InterDigital’s technology strategy and road map, university and industry relationships, and providing guidance on merger and acquisition opportunities, as well as, new research and development initiatives. Prior to that, he served as Chief Technology Officer for Streamezzo, a venture-funded provider of interactive rich media solutions for some of the world’s leading handset manufacturers and wireless operators. Mr. Soni’s previous experience also includes executive positions at STMicroelectronics, Nokia, AT&T BellLabs and IBM. Mr. Soni holds several patents, has authored technical papers and has given keynotes at conferences in the areas of Communications and Computing. He has earned his Master of Science in Computer Engineering from the University of Texas, Austin. He has served on the Board of the University of California San Diego (UCSD) Center for Wireless Communications, Commnexus and is currently on the Technical Advisory Council at Interdigital and Accelera Mobile Broadband.
Daniel Bland, CEO and President of 5BARz, stated, “We are so pleased to have gained a new member to our growing 5BARz family. Mr. Soni will have the opportunity to help set the course for 5BARz’s future growth and help define and expand our role within the mobile industry as we continue to provide cutting-edge wireless coverage solutions. As we are about to embark upon an important phase of growth in the Company’s history, it is very important that we have the guidance of Mr. Soni. We look forward to our progress with Mr. Soni on board as we take our growth to the next level.”
Daniel Bland has also reconfirmed that the Company has and will continue to have ongoing support from Maxim Group LLC, a leading investment banking,securities and investment management firm. Senior management of Maxim will provide strategic corporate finance and investment banking services for 5BARz.Maxim will focus on assisting the Company in its strategies for maximizing shareholder value through its full scope of investment banking services.