EDGEWOOD, N.Y. and LONG ISLAND, N.Y., June 16 /PRNewswire-FirstCall/ -- Tii Network Technologies, Inc. (Nasdaq: TIII), a leader in designing, manufacturing and marketing network products for the communications industry, today announced the appointments of Michael Dawe to Vice President Sales - UK, Europe & Asia, and Monica Gonzalez-Greer to Vice President Sales – Latin America & Caribbean.
In his new role, Mr. Dawe will be responsible for expanding Tii’s sales in the United Kingdom, Europe and Asia; while also continuing his oversight of Tii’s Canadian sales, he will transition his Caribbean sales responsibilities to Ms. Gonzalez-Greer. Mr. Dawe has been with Tii for four years; he has a very strong technical background in telecommunications and has been instrumental in directing Tii’s international sales organization.
In her new role, Ms. Gonzalez-Greer will be responsible for expanding Tii’s sales in all of Latin America and the Caribbean. Most recently, Ms. Gonzalez-Greer had been responsible for the recently acquired Porta Systems’ Mexican sales and manufacturing operations. Ms. Gonzalez-Greer also serves as the President of the Mexican Maquiladora Association and has strong relationships with Mexico’s largest telecom providers.
Kenneth A. Paladino, President and Chief Executive Officer, stated, “Our recent acquisition of Porta Systems Copper Products Division has added new product lines and sales channels, resulting in many new sales opportunities for us. Of these, we are very excited about now having strong sales channels into two strategic markets - the United Kingdom and Mexico.
"We believe that the appointments of Michael and Monica, with their many years of international sales experience and strong track records in the telecom industry, will enable us to accelerate the execution of our strategy of becoming a significant competitor in the global telecommunications equipment marketplace”.
About Tii Network Technologies, Inc.
Tii Network Technologies, Inc. (Nasdaq: TIII) headquartered in Edgewood, New York, designs, manufactures and sells products to the service providers in the communications industry for use in their networks. Our products are typically found in the Telco Central Office, outdoors in the service providers’ distribution network, at the interface where the service providers’ network connects to the users’ network, and inside the users’ home or apartment, and are critical to the successful delivery of voice and broadband communication services. Additional information about the company can be found at www.tiinettech.com.
Forward Looking Statement
Certain statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as "may," "should," "seek," "believe," "expect," "anticipate," "estimate," "project," "intend," "strategy" and similar expressions are intended to identify forward looking statements regarding events, conditions and financial trends that may affect our future plans, operations, business strategies, operating results and financial position. Forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause our actual results, performance or achievements to differ materially from those described or implied in the forward-looking statements as a result of several factors. We undertake no obligation to update any forward-looking statement to reflect future events. Among those factors are:
- general economic and business conditions, especially as they pertain to the telecommunications industry;
- potential changes in customers’ spending and purchasing policies and practices, which are effected by customers’ internal budgetary allotments that may be impacted by the current economic climate, particularly in the United States;
- pressures from customers to reduce pricing without achieving a commensurate reduction in costs;
- the ability to market and sell products to new markets beyond our principal copper-based telephone operating company (“Telco”) market which has been declining over the last several years, due principally to the impact of alternate technologies;
- the ability to timely develop products and adapt our existing products to address technological changes, including changes in our principal market;
- exposure to increases in the cost of our products, including increases in the cost of our petroleum-based plastic products and precious metals;
- competition in our principal market and new markets into which we have been seeking to expand;
- dependence on, and ability to retain, our “as-ordered” general supply agreements with our largest customers and our ability to win new contracts;
- dependence on third parties for certain product development;
- dependence for products and product components from Pacific Rim contract manufacturers, including on-time delivery that could be interrupted as a result of third party labor disputes, political factors or shipping disruptions, quality control and exposure to changes in costs and changes in the valuation of the Chinese Yuan;
- the stability of the Pound Sterling and Mexican Peso relative to the U.S. dollar exchange rate;
- weather and similar conditions, including the effect of typhoons on our assembly facilities in the Pacific Rim which can disrupt production, the effect of hurricanes in the United States which can increase the demand for our products and the effect of harsh winter conditions in the United States which can temporarily disrupt the installation of certain of our products by Telcos;
- the ability to attract and retain technologically qualified personnel; and
- the availability of financing on satisfactory terms.
SOURCE Tii Network Technologies, Inc.