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New management structure will enable CSI to continue its strong record of progress

CALGARY, Alta. -- CSI Wireless Inc., recently announced a management reorganization in response to the dramatic gro...

CALGARY, Alta. — CSI Wireless Inc., recently announced a management reorganization in response to the dramatic growth the Company has enjoyed in recent years.

The company has seen a 15-fold increase in revenues from $4.4 million in 1997 to more than $70 million forecasted in 2003. The new organizational structure positions CSI Wireless to successfully manage both its current size and its anticipated growth, while improving overall operational and financial performance.

“In a relatively short time, CSI Wireless has become an international corporation that is generating revenue from customers in more than 40 countries, and has become a leading or dominant player in several global market niches,” said Stephen Verhoeff, CSI Wireless’ President, CEO and founder. “Our dramatic growth requires us to move beyond the entrepreneurial model, by recruiting new skills and adopting new organizational processes. The changes that we are announcing today represent significant steps in addressing these requirements.”

Colin Maclellan has been appointed to the newly created role of Chief Operating Officer. In this role, he has assumed responsibility for CSI Wireless’ GPS and Wireless Business Units, and the consolidated performance
and profitability of the Company. Maclellan joined CSI Wireless in March 2002 as Senior Vice President and General Manager of its Wireless Business Unit.

CSI Wireless is also very pleased to announce that effective Nov. 1, Michael Cummiskey has joined the Company as Vice President of Business Development, Fixed Wireless and Radio Products. In this role, Cummiskey will be responsible for the leadership of all customer and marketing activities related to CSI Wireless’ fixed wireless and radio products, including its very successful Motorola-branded fixed wireless telephone.

As part of the management reorganization, Theresa Lea, Vice President and General Manager of the Company’s GPS Business Unit, will report directly to Maclellan. In addition to providing overall leadership to the GPS Business
Unit, and being responsible for its performance and profitability, she has now assumed a more active and detailed role in the Unit’s sales and marketing activities.

An additional element of the management reorganization is Cameron Olson’s previously announced appointment as CSI Wireless’ Chief Financial Officer and Vice President of Finance. Promoted from his former role as Vice-President of Finance for the Company’s Wireless Business Unit, Olson is now responsible for CSI Wireless’ overall financial management. This change completes the consolidation of all finance and corporate functions under Mr. Olson, and the elimination of Business Unit-specific finance operations.

For more details about CSI Wireless, visit

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