El Dorado Hills, California – CelLynx Group, Inc., (OTCBB: CYNX), a developer of breakthrough, plug-and-play mobile phone signal-amplification technology, today announced it has appointed three new members to its Board of Directors: Tareq Risheq, CelLynx Chief Strategy Officer; Robert J. Legendre, CelLynx Senior Advisor – Corporate Development, and; Norman W. Collins, an independent member.
They join Daniel Ash, CelLynx President, CEO and COO, who was appointed to the Board last month. Additionally, the Company noted the previously announced resignation of John P. Thornton from the Board, who had served under the predecessor company, has become effective. This brings to four the total number of board members.
El Dorado Hills, California-based CelLynx is developing and plans to produce and market breakthrough, plug-and-play mobile phone signal amplification technology. (See www.cellynx.com). This next generation product, CelLynx 5BARz™, is the first single piece unit that strengthens weak cellular signals to deliver higher quality signals for voice, data and video reception on mobile phones being used indoors or in vehicles.
Unlike competing technologies, CelLynx’s patent pending 5BARz™ technology does not require any installation, outside antennas or cables. It capitalizes on widespread customer dissatisfaction with indoor and vehicular mobile phone coverage, and on the phenomenal worldwide growth of voice, data and video applications on cellular networks.
This news release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ include without limitation: whether the Company's technology will reach commercialization, the Company’s limited operational history; requirement for and ability to raise capital; market acceptance of the Company's products; dependence on suppliers, third party manufacturers and other key vendors or partners; dependence on key personnel; continued enforceability of patent and trademark rights; and competition.
These risk factors are set forth in the Company’s Form 8-K filed with the U.S. Securities and Exchange Commission on July 30, 2008. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as of the date of this press release. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.