Redline Communications Announces Norman S. Wong as Interim Chief Financial Officer


TORONTO, April 20, 2022 /CNW/ – Redline Communications Group Inc. (“Redline” or the “Company”) (TSX: RDL), a leading provider of critical data infrastructure for remote and harsh environments, today announced that Philip JonesChief Financial Officer, resigned with effect May 13, 2022, to pursue other projects. The Company has appointed Mr. Norman S. Wong as interim Chief Financial Officer, from May 16, 2022.

Redline Communications CFO Change (CNW Group/Redline Communications Group Inc.)

Mr. Wong, B.Sc., CPA, CA, has over 30 years of experience in leadership positions including Xillix Technologies Inc., MDSI Mobile Data Solutions Inc., ResponseTek Networks Corp. SendToNews, Basic Gov Corp and One45 Software.

“Norm brings a wealth of experience to Redline that will ensure a smooth transition as we head towards shareholder voting on the recently announced bid for our company by Aviat. I would like to thank Philip for his dedication and support and wish him the best in his future endeavors,” said Richard YoonPresident and CEO of Redline.

About RedLine

Redline (TSX:RDL) designs and manufactures powerful wide area wireless networks for mission-critical applications in harsh locations. Redline networks are used by onshore and offshore oil and gas companies, mining companies on surface and underground operations, distribution utilities for last mile broadband, municipalities to remotely monitor infrastructure and by specialized telecommunications service providers to provide premium services. Hundreds of enterprises worldwide trust Redline to design, plan and deliver robust, secure and reliable networks for their IoT, voice, data and video communication needs. For more information, visit www.rdlcom.com.

Forward-looking statements

Certain statements contained in this press release may constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws. In some instances, forward-looking statements may be identified by words such as “could”, “expect”, “may”, “will”, “anticipate”, “believe”, “intend”, “estimate”, “plan”, “potential”, “project” or other expressions relating to matters which are not historical facts, including with respect to, among other things: the appointment of Mr. Wong as financial director. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are not promises or guarantees of future performance or results and involve known and unknown risks and uncertainties that may cause Redline’s actual results, performance, results, achievements or developments to differ materially from results. , performance, results, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements, by their nature, are based on certain assumptions regarding expected growth, management’s current plans, estimates, projections, beliefs, opinions and business prospects and opportunities (collectively, the “Assumptions”). ). Although the Company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect.

Numerous risks, uncertainties and other factors could cause Redline’s actual results to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include, but are not limited to: the timing and appointment of Mr. Wong as Chief Financial Officer, significant competition, competitive pricing practices, prudent capital expenditures by customers, industry consolidations, rapidly changing technologies, changing industry standards, frequent new product introductions, short product life cycles and other industry trends and characteristics affecting the telecommunications industry; any material adverse effect on Redline’s performance if its expectations regarding market demand for particular products prove to be incorrect; any negative developments associated with Redline’s suppliers and contract manufacturing agreements, including the Company’s reliance on certain suppliers for key components; potential penalties, damages or canceled customer contracts due to failure to meet delivery and installation deadlines and any defects or errors in Redline’s current or anticipated products; fluctuations in foreign currency exchange rates; potentially higher operational and financial risks associated with Redline’s efforts to expand internationally; a failure to protect Redline’s intellectual property rights, or any adverse judgments or settlements arising from disputes regarding intellectual property; changes in wireless industry regulations or other aspects of the industry; any failure to successfully exploit or integrate strategic acquisitions, or failure to complete or successfully complete strategic alliances; and Redline’s potential effective risk management strategy (collectively, the “Risks”).

For more information on these risks, see the most recent Annual Information Form (“Annual Information Form”) and Annual MD&A filed by Redline, which are available on SEDAR at www.sedar.com and on the website of company at www.rdlcom.com, as well as the Circular relating to the Meeting to be filed by Redline on SEDAR. Redline undertakes no obligation to update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as expressly required by law. All forward-looking statements contained in this release are expressly qualified in their entirety by this cautionary statement.

SOURCE Redline Communications Group Inc.

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