Press Release Source: 5BARz International Inc. On Thursday October 6, 2011, 12:00 am EDT
MISSION VIEJO, Calif., Oct. 6, 2011 /PRNewswire/ — 5BARz International Inc. (OTCBB:BARZ.ob – News), (Boerse-Berlin: O5B), (www.5BARz.com) (hereafter “5BARz” or the “Company”) is pleased to announce that Mr. Marcelo Caputo has been appointed to the Advisory Board of the Company. Mr. Caputo is currently the CEO of Telefonica USA, Inc., the Telefonica Group’s U.S. subsidiary based in Miami (FL). In addition to this role, Mr. Caputo is responsible for the Americas’ arm of the Telefonica Multinational Solutions area which is focused on providing global telecommunications services to multinational corporations in the U.S. and Latin America.
Mr. Caputo’s Professional Career developed as a systems engineer for Motorola Argentina in 1991 and he later joined Telefonica as an account manager in 1993; in the following years he propelled his career to Sales Manager, Sales Director, and Director of the Enterprise Communications Unit, where he integrated the new business unit to include Sales, Marketing, Engineering, and Network Deployment, responsible for 80 percent of the company’s income.
In 2002 he was promoted to Vice President, Global Customers Division, Telefonica International, in Madrid, Spain, with full sales and P&L responsibility in 20 countries, In his new position, he lead the Global Customers division for Telefonica Latin America, a segment he helped found, and substantially increased the number of clients in five years.
In 2007, Mr. Caputo joined Telefonica Mexico as Vice President, Enterprise Customers Division. In this position, he designed and built a new organization, processes, products, systems, and partners and launched a new convergent product portfolio.
Mr. Caputo states that “I am pleased to participate on the Advisory Board of 5BARz and look forward to assisting the Company in their market development efforts in Latin America. I believe that the 5BARz technology meets the needs of cellular network operators in the region and has tremendous potential globally”
Mr. Daniel Bland, President and CEO of 5BARz International Inc., states “Marcelo’s in depth knowledge of the telco industry in the region, impressive track record and his global reach make him an invaluable member of our Advisory Board. We are delighted to have Marcelo’s insights and guidance as we integrate the 5BARz™ technology into the wireless marketplace in the Americas and beyond.”
About 5BARz International Inc.
5BARz International Inc. holds the exclusive global marketing and distribution rights and holds a 50% ownership interest in the technology underlying the 5BARz™ products. 5BARz™ is a cellular network extender for use in the small office, home and mobile market places. 5BARz™ incorporates a patent-pending technology to create a highly engineered, single-piece, plug ‘n play unit that strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices. 5BARz™ represents a key solution for cellular network operators in providing clear, high quality signal for their subscribers with a growing need for high quality connectivity.
5BARz International Inc.’s shares are publicly traded on the OTCBB under the ticker symbol BARZ in the US and on the Berlin Stock Exchange (www.boerse-berlin.com) under symbol “O5B.”
On behalf of the Board of Directors
“Mr. Daniel Bland” CEO & Director
5BARz International Inc.
Legal Notice Regarding Forward-Looking Statements
The information contained in this release consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward — looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, and competition in general that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward — looking statements whether as a result of new information, future events or otherwise.
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