Edgewater Wireless Appoints Sam Sgabellone New CFO

April 30, 2012, Ottawa, Canada – Edgewater Wireless Systems Inc. (TSX-V: YFI) is pleased to announce the appointment of Mr. Sam Sgabellone as Chief Financial Officer of the Company.

An Ottawa native, Sam obtained his Bachelor of Commerce (Honours) from Carleton University in 1979 and his designation as a Chartered Accountant in 1981. Since leaving public practice in the fall of 1985, Sam has worked almost exclusively in senior financial roles with public and private technology-based companies in Ottawa including Canadian Astronautics Ltd., InfoGraphic Systems Inc., Systemhouse Ltd. and, most recently, with Semiconductor Insights Inc.

Following the successful sale of Semiconductor Insights Inc. to United Business Media, of London, Sam left industry to teach for two years at Heritage College and Carleton University. Sam is the volunteer treasurer of The Viennese Opera Ball Inc. and West Ottawa Soccer Club Inc., the second largest soccer club in Canada. He has been married for almost 31 years and has a daughter.

The Company thanks Brian Kronick, who, as Edgewater Wireless’ part-time, virtual CFO, provided outstanding support during the public venture financing of the Company and during the subsequent period of time he acted as Edgewater Wireless’ CFO. Brian will be stepping down and Edgewater Wireless wishes him well in his future endeavors.

 

About Edgewater Wireless Systems Inc.: 

Edgewater Wireless develops and commercializes leading edge technologies and intellectual property for the communications market. Edgewater Wireless delivers advanced product solutions designed to meet the high-density, high quality of service (QoS) and high-reliability needs of service providers and their customers. Leveraging over twenty (20) patents, Edgewater’s WiFi3™ is redefining Wi-Fi technology with its wide-band, multi-channel radio and high-capacity Access Point solutions, and delivering next generation Wi-Fi, today.

The best solution for High-Density Wi-Fi networks, Edgewater Wireless WiFi3 powered access point products enable innovative service providers to plan, build and deploy reliable, high-capacity services (like VoWiFI) for high-density wireless data demand in any environment.

Do more with less! Fewer access points delivering high quality service at a lower overall deployment cost make our patented WiFi3 technology the right choice for your next Wi-Fi network.

Explore the evolution of Wi-Fi at www.EdgewaterWireless.com

 

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. Although Edgewater Wireless believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because Edgewater Wireless can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause Edgewater Wireless’ actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to access to capital markets, market forces, competition from new and existing companies and regulatory conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. Edgewater Wireless undertakes no obligation to update publicly or revise any forward looking information, whether as a result of new information, future events or otherwise, except as required by law.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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