Press Release
Wireless Matrix Appoints Equity Investment Partner To Board Of Directors
HERNDON, VA - (Mar. 2, 2011) - Wireless Matrix Corporation (TSX: WRX) announced today that Alexander B. Washburn has been appointed to the company's Board of Directors, effective as of February 25, 2011.
Mr. Washburn is a co-founder and managing partner of Columbia Pacific Advisors, LLC, a public equity investment management firm based in Seattle. Prior to founding Columbia Pacific Advisors, Mr. Washburn was a principal and portfolio manager at Summit Capital Management. He holds a Bachelor of Arts degree from the Business School at the University of Washington.
Columbia Pacific Advisors is a major Wireless Matrix shareholder.
Alexander brings valuable financial acumen and experience to the Board of Directors,
said David Magus, Wireless Matrix’s chairman of the board. He has a proven record of helping drive technology companies to successful outcomes for shareholders, and we're pleased to welcome him to the Board.
About Wireless Matrix
Wireless Matrix Corporation (TSX: WRX) provides GPS fleet tracking solutions to improve service fleet delivery metrics. The company's solutions provide location intelligence for managing, measuring and monitoring service execution. Users consistently report greater on-time arrivals, increased productivity and lower total operating expenses. The Wireless Matrix solution suite includes FleetOutlookŪ, a web-based platform providing fleet operators complete visibility of their operations, enabled by vehicle mounted wireless data communication services. Wireless Matrix is headquartered in Herndon, Va. For more information visit www.wirelessmatrix.com.
Contacts
Investor Relations
Maria C. Izurieta
Wireless Matrix
(703) 262-4020
Maria.Izurieta@wrx-us.com
Sales:
Michael Jakab
Wireless Matrix
(703) 262-4086
mike.jakab@wirelessmatrix.com
Marketing:
Mark Freeman
Wireless Matrix
(703) 262-4024
mark.freeman@wirelessmatrix.com