LAGUNA NIGUEL, Calif., Jan. 30, 2006 (PRIMEZONE) -- Bitfone Corporation (www.bitfone.com), the pioneer and patent holder of firmware over-the-air (FOTA) update technology for mobile phones, today announced that it has appointed Bill Beyer to its executive team as chief financial officer.
Bill brings to Bitfone more than 20 years of experience in international finance and operations with proficiencies in fund raising, mergers and acquisitions, and operations. Bill has closed more than $250 million in private equity financings and has conducted commerce in over 20 countries worldwide. Prior to joining Bitfone, he served as chief financial officer and treasurer of Mahi Networks, Inc. As a key member of Mahi's executive team from effectively inception, he insured that the company was sufficiently capitalized in an extremely difficult funding environment and guided Mahi through the successful acquisition and integration of Photuris, Inc. He joined Mahi Networks from Advanced Fibre Communications, Inc. (Nasdaq:AFCI; now (Nasdaq:TLAB)) where he served as regional vice president of International Business Development and Finance and actively participated in the company's public offering process.
"We successfully concluded 2005 by winning significant new business with operators, OEMs, and strategic partners," said Gene Wang, chairman and CEO of Bitfone. "Bill brings to Bitfone valuable real-world experience working with our global customer base and experience with financial and accounting processes, such as Sarbanes-Oxley."
"The market for wireless device management solutions is at an inflection point and Bitfone has positioned the company perfectly to ride the wave," said Beyer. "I'm excited to join a company that has such a strong comprehensive position in a burgeoning market and I am looking forward to contributing to the growth and profitability of Bitfone."
About Bitfone Corporation
Bitfone Corporation provides innovative, patented software solutions for mobile device management and customer care automation to wireless operators and handset providers. Bitfone's Mobile Variance Platform, SmartCare, mProve, and Mobile Variance Agent solutions provide the ability to diagnose, service, and enhance mobile devices while in the subscribers' hands resulting in dramatic cost savings, increased subscriber satisfaction, and broader adoption of advanced wireless services. Bitfone's solutions are used by leading companies worldwide such as Motorola, LG Electronics, Sony Ericsson, QUALCOMM, and others. Bitfone is a private company headquartered in Laguna Niguel, California, with offices in Canada, China, Japan, Korea, and the U.K. For more information, visit www.bitfone.com.