Active Link Communications Names Former Fujitsu CEO Lou Panetta as Vice President Marketing
DENVER and CHICAGO — November 19, 2001 — Mobility Concepts, a leading provider of wireless networking and remote computing solutions and a wholly owned subsidiary of Active Link Communications, Inc. (OTC Bulletin Board: ACVE), today announced the appointment of former Fujitsu executive Lou Panetta as vice president marketing. He will also serve as a member of the Board of Directors of Active Link.
Panetta is the former president and CEO of Fujitsu Personal Systems, Inc., the world leader in pen-based and hand-held mobile computers. Under Panetta's direction, Fujitsu Personal Systems captured more than 60% of the worldwide market and achieved a 50% compounded annual growth rate. In addition, Panetta rebuilt the company's U.S. sales channel and expanded operations into Europe, Australia and South America, establishing more than 400 value-added resellers and system integrators worldwide.
As Fujitsu's chief executive officer, Panetta worked closely with Mobility Concepts, which is a major customer for Fujitsu's pen-based tablets. "As evidenced by our aggressive growth at Fujitsu Personal Systems, the wireless networking and remote computing industry has a very bright future," said Panetta. "Having achieved my personal objectives on the hardware side of the business, I was eager to get involved with a total solutions provider in order to bring my experience and energy to bear on the client side. Mobility Concepts is a widely recognized leader in this space and I have long admired the company's customer-driven approach to doing business. I am looking forward to helping Mobility Concepts achieve continued growth and success."
Tim Ells, president and CEO of both Mobility Concepts and Active Link, noted, "Lou Panetta brings to Mobility Concepts a wealth of industry-specific experience and relationships that are ideally suited to accelerating our efforts to move to the next level of growth. In addition to his proven track record in sales and marketing, he brings broad management and strategic planning skills that will be invaluable to Mobility Concepts."
Including his seven-year assignment with Fujitsu, Panetta has more than 30 years of diversified experience in sales, marketing, systems engineering and general management of high technology companies, including Novell, Grid Systems, Faraday Electronics and Eastman Kodak.
About Mobility Concepts
Based in Chicago, Mobility Concepts is a leading provider of complete solutions for the mobile workforce, providing handheld computers, wireless technologies, software development and help desk services. The Company, which was recently acquired by Active Link, offers a selection of mobile products and services in order to successfully implement, manage and deploy mobility projects. Mobility Concepts has relationships with more than 30 vertical software developers and hardware manufacturers. The Company's customer list includes Fortune 500 corporations such as AC Nielsen, Proctor and Gamble, TRW, Southwest Airlines, Northwest Airlines, SPX, ATRi/Delphi ISS, and three of the nation's largest insurance providers. For additional information, visit the Company's web site at www.mobilityconcepts.com or contact Mobility Concepts at 1840 Centre Point Circle, Naperville, Illinois 60563; telephone (630) 955-9755.
Statements made in this news release that are not historical facts may be deemed forward-looking, including statements regarding the Company's future operations. These statements may be accompanied by words such as "believe," "estimate," "project," "expect," "anticipate," or "predict," that convey the uncertainty of future events or outcomes. These statements are based on assumptions that the Company believes are reasonable; however, many factors could cause the Company's actual results in the future to differ materially from the forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of, the Company. Important factors which could cause actual results to differ materially from those in forward-looking statements, include, among others, the ability to obtain additional financing, which is not assured; price and product competition by foreign and domestic competitors, including new entrants; rapid technological developments and changes; the Company's relationship with its suppliers and suppliers' ability to provide products on a timely basis; the achievement of lower costs and expenses; reliance on large customers; the Company's ability to attract acquisition candidates and to successfully integrate acquisitions into the Company's business; interest rate fluctuations and other general economic conditions; as well as factors discussed in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the Company.
For further information please contact: Lou Panetta of Mobility Concepts, +1-630-955-9755; or Investors, Pat Sutton of Liolios Group, Inc., +1-949-574-3860, for Active Link Communications, Inc. and Mobility Concepts; or Media, KC Ingraham or Jay Pfeiffer, both of Pfeiffer High Public Relations, Inc., +1-303-393-7044, for Active Link Communications, Inc. and Mobility Concepts.
SOURCE Active Link Communications, Inc.
CONTACT:
Lou Panetta of Mobility Concepts, +1-630-955-9755;
or
Investors, Pat Sutton of Liolios Group, Inc., +1-949-574-3860, for Active Link Communications, Inc. and Mobility Concepts;
or
Media, KC Ingraham or Jay Pfeiffer, both of Pfeiffer High Public Relations, Inc., +1-303-393-7044, for Active Link Communications, Inc. and Mobility Concepts