***********NEWS*************Plaintree Announces Major Expansion of its Sales Team
2/8/05
OTTAWA, Feb 08, 2005 (CNW Telbec via COMTEX) --
PLAINTREE SYSTEMS INC. ANNOUNCES the start of a major expansion of its Sales Department with the appointment of Baksheesh Ghuman to the position of Executive Vice President Worldwide Sales & Marketing.
Mr. Ghuman joins Plaintree from Omnilux Inc, where as the Vice President for International sales and market development he led the company's dramatic international market expansion. Prior to Omnilux Mr. Ghuman was the Chief Marketing officer for Lightpointe during their initial growth phase from a start-up to being a significant player in the FSO world.
"We have been patiently watching the Wireless market for 3 years now, waiting for the first signs that demand was returning." said David Watson, President and CEO of Plaintree Systems Inc."As we have disclosed over the past few months, we now see this increased activity and the time is now to begin a major expansion of our sales team. With successful experience in building, managing and leading sales and marketing organizations in the FSO segment, Baksheesh is the logical choice. We are pleased to have him on our team. We anticipate this to be just the start of our sales team expansion."
Baksheesh brings to Plaintree a proven track record of successfully launching products, opening new markets, establishing worldwide channels and operations for wireless and optical companies. He has extensive experience in managing and growing a wide variety of customers such as domestic and international carriers, enterprises and ISPs both through direct and indirect channels.
"I am excited to join Plaintree as they enter this phase of their growth. Plaintree products have targeted the right segment of the market and are priced to meet the customer needs. This should be an exciting year for us at Plaintree," said Baksheesh Ghuman.
About Plaintree Systems
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Ottawa-based, Plaintree Systems Inc. (www.plaintree.com), founded in 1988, through its wholly-owned operating subsidiary, develops and manufactures the WAVEBRIDGE series of Free Space Optical wireless links using Class 1, eye-safe LED (Light Emitting Diode) technology providing high-speed network connections for ISPs, traditional telcos, GSM or cellular operators, airports and campus networks. Acting as a replacement for cable, fiber or radio frequency systems, the WAVEBRIDGE links offer broadband access with no spectrum interference problems, and same day installation for rapid network deployment.
Plaintree is publicly traded in Canada on The Toronto Stock Exchange (Symbol: LAN) and in the U.S. on the OTC BB (LANPF), with 90,221,634 shares outstanding.
This press release may include statements that are forward-looking and based on current expectations. The actual results of the company may differ materially from current expectations. The business of the company is subject to many risks and uncertainties, including changes in markets for the company's products, delays in product development and introduction to manufacturing and intense competition. For a more detailed discussion of the risks and uncertainties related to the company's business, please refer to documents filed by the company with the U.S. Securities and Exchange Commission and Canadian regulatory authorities, including the Company's annual information form dated September, 2004. %SEDAR: 00001576E
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