Published: September 16, 2004
Remote Knowledge Strengthens Board of Directors
Remote Knowledge, Inc. , a
developer of remote communications and telematics solutions, and Iridium
Satellite, a provider of worldwide mobile satellite communications
services, today announced additions to its Board of Directors. Terry
Strange, Steven Phelps, Dan Granader and Craig Johnson have all accepted
seats on the Board as of September 15, 2004. Mr. Strange's acceptance is
subject, however, to clearance by the compliance committees of the other
Public Boards he currently resides. Until such approval has been granted,
which he fully expects to receive, Mr. Strange will remain on the company's
advisor board, a position he has held for the past year.
Terry Strange was previously Vice Chairman and Managing Partner of the US
and Worldwide audit business of KPMG, LLP. From 1968 until he retired in
June 2002, Mr. Strange's 34 years with KPMG were spent principally in
public accounting where he audited publicly held companies. Mr. Strange has
also participated in and acted as keynote speaker for several seminars
dealing with corporate governance and the role of audit committees.
Currently Mr. Strange is a member of the board of directors and audit
committee of three New York Stock Exchange listed companies including
Bearing Point, Inc., Compass Bancshares, Inc. and New Jersey Resources,
Inc.
Steve Phelps has served on the Remote Knowledge advisory board since
January 2002. Mr. Phelps is part of the management team for Phelps
Insurance; a family owned and operated business for over 35 years and one
of the largest State Farm Agencies in the United States. In 1997, Mr.
Phelps was appointed to serve as a Commissioner for the Port of Houston
Authority, the sixth largest Port in the world. From 1984 to 1997, Mr.
Phelps was a judge in Harris County, Texas. In addition to these business
activities, Mr. Phelps is an active real estate and oil and gas investor,
both independently and as a partner in various ventures including with
members of his family. Mr. Phelps serves on the board of directors of Alto
Springs, Inc., Priority Development Corporation and the East Harris County
Senior Citizens Board.
Dan Granader is a businessman and investor in various enterprises. From
1987 through 1998, Mr. Granader owned 13 World Gym locations, and was the
largest franchisee of World Gym until he sold his operation to 24 Hour
Fitness in 1998. From 1981 to 1987, Mr. Granader was the owner-operator of
seven McDonald franchises in the Houston, Texas area.
Craig Johnson serves as President of Stallion Oilfield Services, which he
founded 2003. Prior to that, he was president and chief Executive of Q
Services, which he founded in 1993 and was acquired by Key Energy Services
in 2002. Previously, Mr. Johnson was a key participant with Petroleum
Equipment Tools Company in 1983, which was purchased by Weatherford
International Inc. in 1991, where he served until 1993.
"We are pleased to add individuals of such high caliber to our Board of
Directors at Remote Knowledge," said Chief Executive Officer Randy Bayne.
"These new directors bring a wealth of business acumen deriving from long
and successful careers in their respective fields. Their experience
affords the company the specific knowledge necessary for the proper
operation of a public company in today's environment. In addition, their
years of operational understanding of the key markets targeted by the
company for the sale and distribution of our communications products and
services will prove invaluable."
About Remote Knowledge
Remote Knowledge, Inc., based in Houston, Texas, develops, markets and
delivers end-to-end communications and innovative asset management
solutions to remote regions anywhere in the world. Enabled by its
proprietary telematics technologies, Remote Knowledge provides real-time
location-based services via two-way wireless data transfer linked with GPS
connectivity. Remote Knowledge's products are designed to service the
marine pleasure craft, recreational vehicle, commercial maritime,
construction, and oil and gas industries.
Forward-Looking Statements
This information contains forward-looking statements that relate to our
business. Such statements are not guarantees for future performance, and
actual results could differ materially from those expressed or implied in
such statements as a result of certain factors. All statements, other than
statements of historical facts, included in this information that address
activities, events or developments that we expect, believe, intend or
anticipate will or may occur in the future, including the following
matters, are forward-looking statements. These statements are based on
certain assumptions and analyses made by us in light of our experience and
perception of historical trends, current conditions and expected future
developments, as well as other factors we believe are appropriate in the
circumstances. These forward-looking statements are subject to risks and
uncertainties, including those associated with the availability of
additional financing on favorable conditions; general economic; market and
business opportunities that may be presented to and pursued by us; changes
in laws or regulations; and successful exploitation of our market
opportunities. Significant factors that could prevent us from achieving our
stated goals include our inability to obtain financing for research and
development, manufacturing, and marketing expenditures, our inability to
compete against existing or future competitors, a substantial increase in
the cost of our products; declines in the market prices for our products;
and adverse changes in our target markets. We undertake no obligation to
release publicly any revisions to any forward-looking statements to reflect
events or circumstances after the date hereof or to reflect the occurrence
of unanticipated events.
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