Wi2Wi Corp. Announces Results of Voting at Annual and Special Meeting and Appointment of President and Chief Executive Officer

TORONTO--()--Wi2Wi Corporation (TSX-V: YTY) is pleased to announce that at its Annual and Special Meeting of shareholders of Wi2Wi Corporation (the “Corporation”) held on October 31, 2014 (the “Meeting”), the following, Dr. Hans Black, Harry J F Bloomfield, Prakash Hariharan, Sharad Mistry, Daniel Phelan and Zachariah Mathews were elected as directors of the Corporation. The shareholders also approved a resolution to amend the terms of the issued and outstanding preferred shares of the Corporation to change the conversion date to November 28, 2014. In addition the firm of BDO USA LLP, Certified Public Accountants, was appointed as auditors of the Corporation

Appointment of President and Chief Executive Officer
Subsequent to the Annual General Meeting Mr. Zachariah Mathews was appointed the President and Chief Executive Officer of the Corporation. Dr. Hans Black, the Chairman said, “The appointment is well deserved. Zach has been instrumental in restructuring the company, sourcing and negotiating the Avrio acquisition.”

Wi2Wi is a leader in industrial-class WiFi, WiFi-Bluetooth and GPS system-in-a-package (SiPs). Wi2Wi focuses on industrial (including Automotive), medical, infrastructure (including smart-home/smart building) and government markets worldwide. Wi2Wi’s products and value-added services provide highly integrated, multifunctional wireless sub-systems as complete wireless connectivity solutions for the Machine-to-Machine (M2M), Internet of Things (IoT) and other portable device applications globally. The Wi2Wi product range is designed for long life under a wide range of temperature variables.

For further information, please contact:
Zach Mathews
Chief Executive Officer
408 416 4202
zach@wi2wi.com

Forward-Looking Statements: This news release contains certain forward-looking statements, including management's assessment of future plans and operations, and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with delays resulting from or inability to obtain required regulatory approvals, ability to access sufficient capital, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, stock market volatility. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com).

Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

Wi2Wi Corporation
Zach Mathews, 408-416-4202
Chief Executive Officer
zach@wi2wi.com

Contacts

Wi2Wi Corporation
Zach Mathews, 408-416-4202
Chief Executive Officer
zach@wi2wi.com