SAN DIEGO--(BUSINESS WIRE)--5BARz International, Inc. (OTCQB: BARZ) (www.5BARz.com ) (“5BARz” or “the Company”), a technology leader in the cellular network extender industry, today announced the appointment of David Kovacs to its growing Corporate Development efforts around the world.
Mr. Kovacs is currently Head of Research and Learning for the Americas for Fitch Learning (Fitch Ratings). Prior to Fitch, Kovacs was a Managing Director at The Hinduja Group, one of the largest diversified finance groups in the world with over $50 billion under management, where he spearheaded the group's technology investments, strategic relationships and corporate development activities.
5Barz CEO Daniel Bland stated, “We are excited to have David join the 5Barz team in the capacity of growing our corporate and business development activities worldwide. David has proven to be a highly resourceful senior executive. His experience coupled with his relationships and knowledge make him a great fit for our growing corporate and business development efforts. With our global expansion strategy now well underway, David is a significant asset to us in reaching our goal of distributing our technology in every country around the world.”
"I am pleased and honored to join 5Barz as they are one of the most exciting technology companies in telecom today. I look forward to working closely with the extraordinary team they are building around the world in order to fulfill their global vision, leverage their exemplary technology and help fuel growth and long-term performance through relationships, innovation and relentless focus. It is a very exciting time to be joining the Company," said David Kovacs.
Prior to Hinduja, Mr. Kovacs held various investment banking and private equity roles at bulge bracket firms. He currently holds various executive level advisory roles with both public and private companies. In addition, he continues to lecture at many of the leading investment banks, private equity firms, sovereign wealth funds, and government agencies, including: the Securities & Exchange Commission, New York City Controller Office, Abu Dhabi Investment Authority, JP Morgan Chase, Barclays, Citigroup, RBC, RBS, Lazard, Morgan Stanley, and Deutsche Bank.
About 5BARz International Inc.
The 5BARz International Inc. business is focused on the global commercialization of a patented product technology branded under the name 5BARz™. 5BARz™ is a cellular network infrastructure device for use in the small office, home or for when users are mobile. 5BARz™ incorporates a patented technology to create a highly engineered, single-piece, plug 'n play unit that strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices. 5BARz™ represents a key solution for cellular network operators in providing clear, high quality signal for their subscribers with a growing need for high quality connectivity. 5BARz International Inc.'s shares are publicly traded on the OTCBB under the ticker symbol BARZ.
Legal Notice Regarding Forward-Looking Statements
The information contained in this release consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, and competition in general that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.