LEESBURG, Va., Dec. 20 /PRNewswire-FirstCall/ -- Catcher Holdings, Inc. (OTC Bulletin Board: CTHH) (http://www.catcherinc.com), a leader in ruggedized integrated mobile computing and Wi-Fi communication platforms, today named computer & communications industry veteran Gary Haycox as it's new Chief Executive Officer. Gary brings a tremendous amount of experience having served 25 years with Intel Corporation and most recently was the CEO of Vivato Networks which was acquired by Catcher Holdings on December 4th .
"We have unique patented technology that underpins a strong family of products on both the ruggedized mobile client and intelligent phased array wireless infrastructure business lines. We are excited about the recent sales success achieved, as we work to close a record quarter for the company. I look forward to increased momentum in our sales growth and product roadmap for a breakaway 2008," said Gary Haycox.
Hal Turner , who has resigned his positions of Chairman of the Board and Chief Executive Officer as part of the planned transition following Catcher's acquisition of Vivato Networks, voiced, "We have achieved our challenging mission, set forth with the Board, when I joined Catcher to begin rebuilding the company. With the acquisition of Vivato Networks, the new Catcher is well positioned for the sales growth and market successes that this powerful technology solution combination brings to its customers. The management and daily operations of the business is in good hands with the new executive management team, and the company is well poised to execute on all fronts. I am very appreciative of the board and shareholders' support and recognition communicated to me for a job well done. Thanks to the Catcher team."
"On behalf of the entire Catcher team, we want to thank Hal Turner for his service to Catcher during his tenure and for his leadership during the exciting transition from a development stage company towards revenue growth," said Gary Haycox.
About Catcher Holdings, Inc.
Catcher Holdings, Inc. is a leading provider of standards-based solutions that address high-speed mobile computing in the harshest and most demanding application environments. The Company combines Vivato Networks patented Packet Steering(TM) phase array Wi-Fi base stations with the CATCHER(R) family of command and control platforms to address technology requirements where ruggedized, mobile computing is needed.
The capabilities of both product families provide synergies in application solutions such as biometric management and video surveillance yield a systems level approach and address the unique mobile computing, communications and application solutions needs of multiple market segments. Customers in a wide range of markets including military, homeland security, integrated public safety, municipal, transportation and logistics benefit from true systems level solutions, addressing the harshest and demanding mobile application environments.
Special Note Regarding Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving known and unknown risks, delays, and uncertainties that may cause the Company's actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These risks, delays, and uncertainties include, but are not limited to: the Company's ability to generate product sales and operating profits; the Company's ability to obtain sales prices at or near its MSRPs; cancellation provisions in the Company's reseller agreements for shipments beyond 90 days of order; vulnerability to technology obsolescence; competition by better capitalized companies; difficulty in managing growth; dependence on key personnel; and other risks which are discussed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.