May 5, 2011- MISSION VIEJO, CA—5BARz International Inc. (OTC.BB: BARZ) (hereafter “5BARz” or the “Company”) is pleased to announce it has hired Mr. James Fraley as Vice President of Business Development.
Mr. Fraley is an accomplished executive with more than twenty years experience in the telecommunications Industry. He has extensive engineering experience designing and deploying wireless solutions in multi platform environments, and has spent many years in business development for major industry leaders such as Samsung Telecommunications America, SONY Wireless Telecommunications Company (WTC), Oki Telecommunications and Qualcomm.
Mr. Fraley was a major contributor to the rapid commercialization of wireless and location based technology advancements, which included incorporating CDMA, GPS and WLAN into consumer electronics and enterprise solutions. A founding member of the CDMA Certification Forum (Qualcomm), Mr. Fraley was pivotal in establishing standard practices and policies for CDMA wireless devices globally, and set forth global CDMA product commercialization guidelines. Mr. Fraley earned a BS, Computer Science & Electrical Engineering from Lake Superior State University, MI.
“James joins our team at an extremely important time in our corporate development, and his knowledge, experience and substantial industry contacts will be a valuable addition to our Company,” said Mr. Daniel Bland, president and CEO of 5BARz International. “We are thrilled to add a man of James’ caliber to the 5BARz team and we look forward to further developing the Company with him on board.”
About 5BARz International Inc.
5Barz International, Inc. is the exclusive worldwide distributor of 5BARz Cellular Network Extender products developed by Cellynx. The 5BARz technology was awarded the International CES Innovations 2010 Design and Engineering Awards for its new, patent pending 5Barz cellular network extenders.
The 5BARz patent pending products provide the first, plug and play, consumer electronic product that will capture cell signal, amplify it and resend that signal all within a device the size of a clock radio. 5BARz International aspires to service an international marketplace of some 4.8 billion mobile phone users with its breakthrough technology.
5BARz International Inc’s shares are publicly traded on the OTCBB under the ticker symbol BARZ.
On behalf of the Board of Directors
“Mr. Daniel Bland”
CEO & Director
5BARz International Inc.
Legal Notice Regarding Forward-Looking Statements
This news release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company’s progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management’s opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company’s operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ include without limitation: whether the Company’s technology will reach commercialization, the Company’s limited operational history; requirement for and ability to raise capital; market acceptance of the Company’s products; dependence on suppliers, third party manufacturers and other key vendors or partners; dependence on key personnel; continued enforceability of patent and trademark rights; and competition.
These risk factors are set forth in the Company’s Form 8-K filed with the U.S. Securities and Exchange Commission on January 1, 2011 and may be covered in subsequent filings with the SEC. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as of the date of this press release. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.