MISSION VIEJO, Calif., Dec. 12, 2011 /PRNewswire/ — 5BARz International Inc. (OTCBB: BARZ), (Boerse-Berlin: O5B), (www.5BARz.com) (hereafter “5BARz” or the “Company”) is pleased to announce that Mr. George Lauro has agreed to be a Member of the Advisory Board of the Company. Mr. Lauro is the Co-founder of Alteon Capital Partners LLC (Alteon), with offices in Cambridge, MA and Silicon Valley.
Mr. Lauro has 25 years of experience as a technology entrepreneur, operating executive, and venture capitalist. He has been a member of the Board of Directors of 17 public and private companies and has been Chairman of board-level Compensation, Budget and Audit Committees.
Mr. Lauro was Managing Director at Techfarm Ventures, a Silicon Valley venture-capital firm, and was a Wasserstein Perella Partner and head of West Coast VC operations. He led and syndicated 15 private equity financing rounds and LBO control deals. As a VC, he served as Interim CEO, raised over $100M equity financing for portfolio companies, and was involved in M&A transactions exceeding $1B in combined value. He was VP of Corporate Development at Acquicor , a publicly traded SPAC that acquired Jazz Semiconductor in 2007. At IBM, Mr. Lauro was Director of Rapid Commercialization and ran a team responsible for bringing advanced technology from IBM central research labs to market. He was Director of IBM’s Wireless IC, Silicon Germanium (SiGe), and RF BICMOS Businesses. At Motorola, he conceived the world’s first consumer handheld Global Positioning Product (Traxar GPS), invented new classes of RF transponders, and launched Motorola’s businesses in these sectors. He began his career at MIT/Draper Laboratory designing inertial guidance systems for missiles and spacecraft. He led the development of spacecraft guidance systems at Astronautics Corporation. He attended Brown (BSEE), Wharton (MBA) and MIT (graduate studies in Aeronautical Engineering). He holds 23 patents in inertial guidance, avionics, wireless technologies, and GPS.
Mr. Daniel Bland, President and CEO of 5BARz International Inc., states “we could not be more delighted to have George Lauro’s practical working experience and detailed technology capability brought to the table in commercializing the 5BARz business opportunity. George’s past experience, and hands on operating style are a welcome addition to our growing team of executives at 5BARz. Mr. Lauro joins fellow Advisory Board member Mr. Marcello Caputo (CEO of Telefonica USA) in an advisory capacity, 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 extender for use in the small office, home and mobile market places. 5BARz™ incorporates a patent-pending 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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