-- Alain Rhéaume joins Redline Board of Directors --
TORONTO, Dec. 15, 2011 /CNW/ - Redline Communications Group Inc. (TSX: RDL) ("Redline" or the "Company"), a leading provider of specialized broadband wireless solutions, today announced the appointment of Mr. Alain Rhéaume to its Board of Directors.
Over the last 25 years, Mr. Rhéaume has held various senior positions in both the public and private sectors including Deputy Finance Minister for the Quebec Government, and President and COO of Microcell Telecommunications. He has directed strategic planning, financing, treasury, and merger and acquisition activities, taken part in the development and the implementation of major investment and turnaround projects, and led operations of companies in the telecommunications sector.
"The expansion of Redline's Board of Directors ensures the company will continue to benefit from a diversity of experience and opinions. We conducted an extensive search before selecting Alain for his deep financial and industry knowledge, and we look forward to benefiting from his significant Board experience with many public companies, including companies operating in the manufacturing, retail, energy, bio technology, high technology and media industries," said Philippe de Gaspé Beaubien, Redline's Chairman.
With the appointment of Mr. Rhéaume, Redline's Board now has 7 directors, 6 of which are independent.
About Redline Communications
Redline Communications (www.rdlcom.com) the innovator of Virtual Fiber™, a specialized broadband wireless
solution used by companies and governments worldwide to
cost-effectively deploy distributed services and applications. Redline
wireless Virtual Fiber™ solutions are used to facilitate and enhance
public safety networks, deploy and extend secure networks, connect
digital oil fields and smart grids, and bring dedicated internet access
wherever and whenever it's needed. Redline has been delivering
powerful, versatile and reliable wireless systems to governments, the
military, oil and gas, and the telecom industry for over a decade
through certified partners in the Americas, the Middle East, and
Africa.
Forward Looking Statements
Certain statements in this release may constitute forward-looking
statements or forward-looking information within the meaning of
applicable securities laws. In some cases, forward-looking statements
can be identified by terms such as "could", "expect", "may", "will",
"anticipate", "believe", "intend", "estimate", "plan", "potential",
"project" or other expressions concerning matters that are not
historical facts. Readers are cautioned not to place undue reliance
upon any such forward-looking statements.
Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause the actual results, performance, achievements or developments of Redline to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements, by their nature, are based on certain assumptions regarding expected growth, management's current plans, estimates, projections, beliefs, opinions and business prospects and opportunities (collectively, the "Assumptions"). While the Company considers these Assumptions to be reasonable, based on the information currently available, they may prove to be incorrect.
| Company Contact: Redline Communications George Kypreos +1-905-479-8344 | Investor Contact: E-Vestor Communications Cory Pala +1-416-657-2400 |