LOS ANGELES, CA -- (Marketwired) -- 08/13/14 -- Platforms Wireless International Corporation (PINKSHEETS: PLFM) announced today the appointment of Mr. Bill Schaefer to the position of President & CEO. Col. Robert Ettinger, long-term President & CEO of the company, has been promoted to the position of Chairman of the Board of Directors. Mr. Schaefer has also been nominated for a post as Director of the company. His nomination is expected to be confirmed at the company's next Board Meeting.
Mr. Ron Minsky, Vice President and Chief Operating Officer stated: "The appointment of Mr. Bill Schaefer to the presidency of PLFM is a positive development for our company; it marks the beginning of a reorganization effort to move our company forward. Mr. Schaefer's wealth of experience as President & CEO of a significant number of public companies, as well as his successful track record in the reorganization and recapitalization of public companies, will provide PLFM with the leadership experience necessary to successfully accomplish that task. Under Bill's leadership, we expect to undertake the development and exploitation of a number of exciting, new business opportunities."
Mr. Bill Schaefer, newly-appointed President & CEO stated: "My joining Platforms is the culmination of an undertaking that started several months ago, and the beginning of an exciting, new enterprise. I believe PLFM, its management, and its shareholders are the perfect business vehicle for a number of exciting business ventures and strategic partnerships which I believe can bring revenues and profitability to the company."
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