EXHIBIT 99.1
Steven T. Berman, President and CEO of China Wi-Max Communications,
Oversees Launch of Chinese Broadband Strategy
Oct. 7, 2009 (PR Newswire) --
DENVER, Oct. 7 /PRNewswire-FirstCall/ -- China Wi-Max Communications, Inc. (OTC
Bulletin Board: CHWM), a world-class telecommunications and IP transport company
with operations in mainland China, today announced the launch of its aggressive
program to build revenues via the connection of a growing number of business
customers to its wireless broadband network in Beijing.
The execution of the Company's business strategy will be under the direction of
Steven T. Berman, who was appointed President and Chief Executive Officer of
China Wi-Max Communications, Inc. in March 2009.
Mr. Berman is a seasoned executive with over 20 years of business and legal
experience in telecommunications and other industries. He has served as
corporate general counsel, operations manager, regulatory and compliance
strategist, and contract negotiator at a number of telecommunications, financial
and manufacturing companies.
Mr. Berman's extensive telecommunications background includes almost ten years
at the National Rural Telecommunications Cooperative (NRTC), where he was
intimately involved in the launch of DirectTV, the first high-powered satellite
dish service in the United States, and Wild Blue, one of the nation's first
two-way broadband satellite internet services. He served as Senior Vice
President, Business Affairs; General Counsel; and Corporate Secretary-Treasurer
at the NRTC, where he was the principal liaison between thee Company and its
strategic partners, financial institutions, and large customers. While at NRTC,
Mr. Berman managed business relations and legal issues involving manufacturing,
transport, and delivery of various telecommunications products and services,
including Direct Broadcast Satellite, broadband, high-speed Internet access,
wireless operations, and call center support.
"We are very fortunate to attract an executive with Steven's background and
abilities as President and CEO of our Company," noted Dr. Allan Rabinoff,
Founder and Chairman of the Board at China Wi-Max Communications, Inc. "The
formal launch of our broadband offerings in China is at hand, and we believe
Steven will play a critically important role in the successful execution of our
growth strategy."
Prior to joining China Wi-Max Communications, Mr. Berman was an advisor to the
President and CEO of First Capital Surety and Trust Company (formerly Morgan
Chase Trust), where he successfully turned around, and re-established as a
leader in its field, the $200+ million regulated bank and trust company.
Mr. Berman, an attorney-at-law and member of the American Bar Association, has
been admitted to the Wisconsin, Pennsylvania and District of Columbia bars. He
received his Juris Doctorate from the University of Wisconsin Law School in
1987. Prior to his corporate career, he was a practicing attorney with Feder &
Associates in Washington, DC, where he participated in all aspects of complex
civil litigation; the research and drafting of pleadings; and federal and state
court proceedings, including jury trials.
About China Wi-Max Communications, Inc.
China Wi-Max Communications, Inc. (CWMC), a world-class telecommunications and
IP transport company, was formed to take advantage of the rapidly expanding
wireless communications needs in China. The goal of China Wi-Max Communications
is to become the premier provider of Wi-Max broadband technology and allied
services in the Chinese market. Building on world-class technical experience and
proven management skills, China Wi-Max Communications is approaching its market
with the tools that experience suggests are necessary to achieve success.
The Company is headquartered in Denver, Colorado and its common stock is listed
on the OTC Bulletin Board under the symbol "CHWM". For additional information,
please visit the Company's website at www.chinawi-max.com.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and
uncertainties. The statements of this Summary Overview are forward-looking
statements that are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Actual results, events and
performances could vary materially from those contemplated by these
forward-looking statements. These statements involve known and unknown risks and
uncertainties, which may cause the Company's actual results, expressed or
implied, to differ materially from expected results. These risks and
uncertainties include, among other things, product demand and market
competition. You should independently investigate and fully understand all risks
before making an investment decision.
SOURCE China Wi-Max Communications, Inc.
Source: PR Newswire (October 7, 2009 - 8:02 AM EDT)
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