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Unity Wireless Adds Expand Networks CEO to its Board of Directors BELLINGHAM, WA--May 22, 2007 -- Unity Wireless Corporation (OTCBB: UTYW) today announced the appointment of Mr. Elie Barr, CEO of Expand Networks, to its board of directors. Mr. Barr replaces Mr. Ran Shahor, representing Star Ventures, one of Unity’s largest Venture Fund Investors. "We are very pleased to have Elie Barr join our board," said Ken Maddison, Chairman of Unity’s Audit Committee, and the company’s most tenured board member. He added, "Mr. Barr’s industry background and breadth of experience, contacts, and guidance will be valuable resources as we move through what we anticipate to be, a strong growth period in the companies development." Mr. Barr is currently the President & CEO at Expand Networks, a technology company that helped pioneer the Wide Area Network (WAN) Optimization market. Before joining Expand, Mr. Barr was President and Chief Operating Officer of Paradigm Geotechnology, a transnational software company supplying software to the Oil and Gas industry through 23 subsidiaries worldwide. Prior to Paradigm, Mr. Barr was CEO and Senior Managing Director of Mofet, a publicly traded Venture Capital firm in Israel. He also held several positions in marketing, sales, and business development in a NASDAQ company, which provided solutions to telecom operators worldwide. Mr. Barr received his Bachelor degree in Economics, Philosophy, and Political Science from Bar-llan University, and is a graduate of the INSEAD Finance for Executives Management Program. Star Ventures currently manages $980 million, with an investment portfolio of more than 180 companies, including such companies as Ciena, Alvarion, Precise, and Orckit. Mr. Barr commented, "Unity’s increasing revenue and client base, and excellent position in the dynamic global wireless industry, give the company an exciting opportunity for growth. I look forward to working with the management team and the board of directors, to maximize Unity’s potential." About Unity Wireless Forward Looking Statements Investor Contact: |
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