Telular Announces Appointment of New CEO
December 17th, 2007 Leave a comment Visited 14 times, 1 so far today
Experienced Industry Executive and Current CFO Promoted to CEO Role
Telular Corporation (NASDAQ: WRLS), a premier provider of fixed wireless products and services, today announced the appointment of Joseph A. Beatty, its current chief financial officer, as the new president and chief executive officer of the Company. Mr. Beatty replaces Michael J. Boyle who announced his plans for retirement in November. Joe will begin in his new role on January 1, 2008; he will also continue to serve as CFO until his successor as CFO is selected, announced and in position.
“Joe brings over twenty years of telecommunications experience to Telular and he will focus on growing the business and continuing to drive profitability,” said John Berndt, chairman of the board of directors of Telular Corporation. “We have confidence in Joe’s leadership and ability to capitalize on our future opportunities in the Telguard and Terminals markets. In addition, we would like to extend a well deserved thank you to Mike and wish him the best in his retirement.”
Mr. Beatty was previously president and CEO of Concourse Communications Group, LLC, an operator of wireless voice and Wi-Fi networks in large, public venues such as airports. Before that, he co-founded and was CFO of Focal Communications Corporation, a competitive local exchange carrier. During his time there, Joe raised approximately $800 million in capital to fund the company and successfully led Focal in its initial public offering.
“I am excited about leading Telular and leveraging the Company’s strong market position into new areas of growth,” said Mr. Beatty. “Telular has a history of innovation and I believe we have a great opportunity to further exploit the capabilities of today’s pervasive wireless infrastructure to help people better manage their professional and personal lives, ” added Beatty.
About Telular Corporation
Telular Corporation is a leader in the design and distribution of fixed wireless products and services. Telular’s proprietary interface technology enables standard telephones, fax machines, computers and monitored alarm systems to utilize cellular networks in place of wireline networks. The Company’s products incorporate the world’s leading cellular standards and are marketed worldwide. Headquartered in Chicago Illinois, Telular also has offices in Atlanta, and Miami. For further information, visit Telular at http://www.telular.com.
Please be advised that some of the information in this release presents the Company’s intentions, beliefs, judgments and expectations of the future and are forward-looking statements. It is important to note that the Company’s actual results could differ materially from these forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company’s SEC filings, including but not limited to the Company’s report on Form 10-K for the fiscal year ended September 30, 2006. Copies of these filings may be obtained by contacting the Company or the SEC.
Contacts
for Telular Corporation
The Blueshirt Group
Brinlea Johnson
Phone: 415-489-2189
E-mail: brinlea {at} blueshirtgroup(.)com
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