|[June 18, 2014]
5Barz Taps David Kovacs for Corporate Development
SAN DIEGO --(Business Wire)--
International, Inc. (OTCQB: BARZ) (www.5BARz.com
) ("5BARz" or "the Company"), a technology leader in the cellular
network extender industry, today announced the appointment of David
Kovacs to its growing Corporate Development efforts around the world.
Mr. Kovacs is currently Head of Research and Learning for the Americas
for Fitch Learning (Fitch Ratings). Prior to Fitch, Kovacs was a
Managing Director at The Hinduja Group, one of the largest diversified
finance groups in the world with over $50 billion under management,
where he spearheaded the group's technology investments, strategic
relationships and corporate development activities.
5Barz CEO Daniel Bland stated, "We are excited to have David join the
5Barz team in the capacity of growing our corporate and business
development activities worldwide. David has proven to be a highly
resourceful senior executive. His experience coupled with his
relationships and knowledge make him a great fit for our growing
corporate and business development efforts. With or global expansion
strategy now well underway, David is a significant asset to us in
reaching our goal of distributing our technology in every country around
"I am pleased and honored to join 5Barz as they are one of the most
exciting technology companies in telecom today. I look forward to
working closely with the extraordinary team they are building around the
world in order to fulfill their global vision, leverage their exemplary
technology and help fuel growth and long-term performance through
relationships, innovation and relentless focus. It is a very exciting
time to be joining the Company," said David Kovacs.
Prior to Hinduja, Mr. Kovacs held various investment banking and private
equity roles at bulge bracket firms. He currently holds various
executive level advisory roles with both public and private companies.
In addition, he continues to lecture at many of the leading investment
banks, private equity firms, sovereign wealth funds, and government
agencies, including: the Securities & Exchange Commission, New York City
Controller Office, Abu Dhabi Investment Authority, JP Morgan (News - Alert) Chase,
Barclays, Citigroup, RBC, RBS, Lazard, Morgan Stanley, and Deutsche Bank.
About 5BARz International Inc.
The 5BARz International Inc. business is focused on the global
commercialization of a patented product technology branded under the
name 5BARz™. 5BARz™ is a cellular network infrastructure device for use
in the small office, home or for when users are mobile. 5BARz™
incorporates a patented technology to create a highly engineered,
single-piece, plug 'n play unit that strengthens weak cellular signals
to deliver high quality signals for voice, data and video reception on
cell phones and other cellular equipped devices. 5BARz™ represents a key
solution for cellular network operators in providing clear, high quality
signal for their subscribers with a growing need for high quality
connectivity. 5BARz International Inc.'s shares are publicly traded on
the OTCBB under the ticker symbol BARZ.
Legal Notice Regarding Forward-Looking Statements
The information contained in this release consists of forward-looking
statements within the meaning of Section 27A of the Securities Act and
Section 21E of the Exchange Act. These statements may involve risks and
uncertainties that could cause actual results to differ materially from
those described in such statements. Such forward-looking statements
involve known and unknown risks and uncertainties, including all
business uncertainties relating to product development, marketing,
market acceptance, future capital requirements, and competition in
general that may cause actual results to be materially different from
those described herein as anticipated, believed, estimated or expected.
The Company is under no obligation to (and expressly disclaims any such
obligation to) update or alter its forward-looking statements whether as
a result of new information, future events or otherwise.
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