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TZT Tranzeo Wireless Technologies

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Share Name Share Symbol Market Type
Tranzeo Wireless Technologies TSXV:TZT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Tranzeo Wireless Technologies Inc. Announces Senior Management Changes

16/04/2012 4:58pm

Marketwired Canada


Tranzeo Wireless Technologies Inc. (TSX VENTURE:TZT) ("Tranzeo" or the
"Company") announces it has appointed Mike Mannella as Chief Executive Officer
effective immediately. Mr. Mannella's appointment follows the initiation by the
Company's board of directors (the "Board") of a strategic review of the
Company's priorities and objectives. Mike joined the Company 3 months ago as
Chief Financial Officer and is viewed by the Board as being integral to this
strategic review process. The Board plans to continue the strategic review
process with a detailed examination of the Company's business strategies, cost
structures and financing alternatives. As a Chartered Accountant and former
Partner in the Advisory Services practice of one of the 'big four' professional
services accounting firms, Mike brings significant experience in strategic
thinking and cost management and the Board is confident in his ability to
effectively lead the Company in the next stage of its growth. Patrick Smith,
Chairman, will take on interim Chief Financial Officer responsibilities. 


The former CEO, Mr. Jim Tocher, has resigned for personal reasons and will be
available to the Company on a consulting basis as required. Jim was the founder
of Tranzeo Wireless and his tireless efforts were critical to the Company's
early success. The Company thanks Jim for his leadership and wishes him well in
his future endeavours.


About Tranzeo

Tranzeo Wireless Technologies Inc. (TSX VENTURE:TZT) leads the wireless
broadband industry as a premier manufacturer of high-performance wireless
network equipment that allows communities and businesses to communicate without
boundaries. Tranzeo's full spectrum of point-to-point and point-to-multipoint
radios, WiMAX equipment, and mesh network solutions are designed for wireless
internet service providers, governments, campuses, military, carriers,
enterprise customers, and systems integrators around the globe. Headquartered in
British Columbia, Canada, Tranzeo also has an office in San Diego, California.
Visit www.tranzeo.com or phone 1.866.872.6936 for more information.


Forward Looking Information

This news release contains certain statements that constitute forward-looking
information within the meaning of applicable securities laws ("forward-looking
statements"). Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of Tranzeo to differ materially from the anticipated results,
performance or achievements expressed or implied by such forward-looking
statements. Forward-looking statements in this press release include, but are
not limited to, the Company's expectation with respect to applying to the
applicable securities regulatory authorities for a management cease trade order,
the expected time for filing of the Company's Required Documents and the
imposition of a cease trade order by applicable securities regulatory
authorities. Forward-looking statements may also include, without limitation,
any statement relating to future events, conditions or circumstances.


The forward-looking statements are subject to risks, uncertainties and other
factors that could cause actual results or events to differ materially from
current expectations including, but not limited to, the risks detailed from time
to time in Tranzeo's filings with Canadian provincial securities regulators.
Also, with respect to the statements regarding the expected filing of the
Required Documents, such statements are subject to the risk that the remediation
steps may take longer than expected.


Tranzeo cautions you not to place undue reliance upon any such forward-looking
statements, which speak only as of the date they are made. Forward-looking
statements are based on management's current plans, estimates, projections,
beliefs and opinions, and Tranzeo does not undertake any obligation to update
forward-looking statements should assumptions related to these plans, estimates,
projections, beliefs and opinions change.


Tranzeo and the Tranzeo logo are registered trademarks of Tranzeo Wireless
Technologies Inc.


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