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Sanswire: Sanswire Names Thomas Seifert as Chief Financial Officer

^{Published on 2009-06-05 06:14:57, Last Modified on 2009-06-05 06:16:03 - Market Wire}
 

FORT LAUDERDALE, FL--(Marketwire - June 5, 2009) - Sanswire Corp. (PINKSHEETS: [ SNSR ]) ([ www.sanswire.com ]), ("Sanswire" or the "Company"), a company that develops and produces Lighter than Air Unmanned Aerial Vehicles (UAV) designed to provide persistent surveillance for extended durations at mid and high altitudes, has named Thomas Seifert as the Company's Chief Financial Officer, effective June 1, 2009.

Mr. Seifert has served as a consultant to the company since April 2007 and has more than thirteen years of experience in financial management. Prior to Sanswire, Mr. Seifert served 5 years as CFO of a public telecommunications company. He has raised several million dollars from various investors over the past six years and has vast experience in mergers and acquisitions. In addition, Mr. Seifert has been involved in transactions with Intervoice-Brite (INTV) and the Mark Travel Corporation, a subsidiary of United Airlines and United Vacations. Past positions include CFO of 2Sendit.com, Controller for Integrated Telephony Products, and Controller for Mountain Vacations.

"Since Thomas became a consultant to Sanswire in 2007, he has been an integral part of our efforts to bring the Company up-to-date in its fiscal filings," said Jonathan Leinwand, CEO of Sanswire. "He has been focused on rectifying Sanswire's previous issues and ensuring that we become current in our reporting requirements with the Commission so that we can begin to concentrate our efforts on our next stages of growth and development. We are thrilled to have Thomas become part of our core management team and we are fortunate to have such an experienced and well-respected professional as part of Sanswire."

"I am very excited to come on board in this capacity," said Thomas Seifert. "This is an auspicious time for Sanswire, as we move closer to flight testing the STS-111. During my time as a consultant with the Company, we were able to accomplish a tremendous amount. Sanswire has now reached a point where we have a firm corporate structure in place and can more readily focus on operations and continued testing of our products as we move towards production. I look forward to taking on this new role with Sanswire and am fully committed to ensuring the sound corporate governance of the Company."

About Sanswire Corp.

Sanswire Corp. (PINKSHEETS: [ SNSR ]) develops and provides an integrated suite of aerospace communications products and services, leveraging its relationships with leaders in UAV (Unmanned Aerial Vehicle) technologies. Sanswire Corp. is focused on the design and construction of various aerial vehicles, capable of carrying payloads that provide persistent surveillance and security solutions at various altitudes. For more information, visit [ www.sanswire.com ].

Forward-Looking Statements

Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.