SAN DIEGO, Dec 10, 2008 (BUSINESS WIRE) --
Novatel Wireless, Inc. (Nasdaq:NVTL), a leading provider of wireless broadband access solutions, today announced the resignation of Brad Weinert effective December 8, 2008. Most recently, Mr. Weinert served as president of Novatel Wireless.
"Brad Weinert has been an important contributor to the growth of Novatel Wireless since 2003," said Peter V. Leparulo, chairman and CEO of Novatel Wireless. "We all wish him continued success in his future endeavors. With his departure, we will operate with a more streamlined management structure and his responsibilities will be taken over by the senior management team."
About Novatel Wireless
Novatel Wireless, Inc. is a leader in the design and development of innovative wireless broadband access solutions based on 3G and 4G WCDMA (HSPA & UMTS), CDMA and GSM technologies. Novatel Wireless' USB modems, embedded modules, Intelligent Mobile HotSpot products and software enable high-speed wireless Internet access on leading wireless data networks. The Company delivers specialized wireless solutions to carriers, distributors, OEMs and vertical markets worldwide. Headquartered in San Diego, California, Novatel Wireless is listed on NASDAQ: NVTL. For more information please visit www.novatelwireless.com. (NVTLG)
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements made in this release that are not historical facts, including statements accompanied by words such as "anticipate," "expect," "will," "believe," "intend" or similar words are forward-looking statements. The statements in this release related to the Company's anticipated filing of its Quarterly Report on Form 10-Q for the period ended September 30, 2008 are forward-looking statements. The forward-looking statements in this release involve risks and uncertainties, including the risk that the Company will not be able to file its Quarterly Report on Form 10-Q for the period ended September 30, 2008 in the time frame permitted under applicable SEC rules, including the applicable extension period. The Company cautions you not to place undue reliance on these forward-looking statements.
A number of important factors could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements contained in this release, including the factors set forth in Novatel Wireless' filings with the United States Securities and Exchange Commission (available at www.sec.gov), including its Annual Report on Form 10-K for the year ended December 31, 2007, and its Quarterly Reports on Form 10-Q for the periods ended March 31, 2008 and June 30, 2008, and other regulatory agencies. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.
(C)2008 Novatel Wireless, Inc. All rights reserved. The Novatel Wireless logo, Merlin, Expedite, MobiLink, Ovation and Conversa are trademarks of Novatel Wireless, Inc. Other product or service names mentioned herein are the trademarks of their respective owners.
SOURCE: Novatel Wireless, Inc.
Novatel Wireless, Inc.
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