Tulsa, OK, July 23, 2013 (GLOBE NEWSWIRE) -- Sanwire Corporation ("Sanwire" or the "Company") (OTCQB: SNWR), a global provider of wireless communications services and data solutions, is pleased to announce it has appointed Mr. Ross DeMello as an independent consultant to help the Company with future mergers and acquisitions transactions. Mr. DeMello will also head the Company's Audit Committee to oversee its corporate governance.
Ross DeMello brings over three decades of experience in financial accounting in public practice and industrial sectors. As a successful global business development leader, strategist, and financial executive, Mr. DeMello has led several companies globally. His accomplishments include growing owner operated businesses through mergers and acquisitions, assisting in business valuations, and planning exit strategies. He held directorship positions in junior mining and exploration companies, and was a CEO of an entertainment company listed on the VSE, MSE and the TSX exchanges. Mr. DeMello is currently a member of the Certified General Accountants Association.
"I am very pleased to have Ross join Sanwire's team," stated Naiel Kanno, President and CEO of Sanwire. "Ross' business acumen and decades of experience in financial analysis will greatly contribute to the growth of Sanwire, both organically and through mergers and acquisitions."
"Sanwire's business plan to operate a number of vertically integrated portfolios of wireless subsidiaries that offer diverse revenue growth and stream in today's fastest growing market is very attractive," stated Mr. DeMello. "The market potential for wireless services over the next few years is staggering, and I am very excited at the opportunity to work with Sanwire's management team, to fast-track Sanwire's growth, and assist Sanwire in becoming an industry leader in the wireless market space."
About Sanwire Corporation
Sanwire is a global provider of wireless communications services, data solutions, and application software/hardware. Sanwire's vertically integrated portfolio of solutions target a diverse array of enterprises and multiple disciplines with one goal in mind - deliver efficient and reliable communications. For more information, visit www.sanwire.net. Sanwire has two wholly owned subsidiaries in its current portfolio, iPTerra Technologies and Aero Networks. iPTerra is a designer, developer, manufacturer and marketer of a real-time 2-way wireless and/or wireline communications, and mine-safety solution for the global mining and industrial industry (www.ipterra.net) . Aero Networks provides advanced telecommunications and broadband services to rural communities and Native American tribes with focus on public safety, education and healthcare sectors. Aero is a pioneer in delivering 4G/LTE, TV White Space, and advanced wireless technologies (www.aeronetworks.net).
Certain statements included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations.
CONTACT: Gross Capital, Inc. Barry Gross (361) 949-4999 IR@sanwire.net