Changes at the Top for Polar - Analyst Blog

Ken Nagy, CFA

Changes at the Top for Polar

Polar Wireless (BCDI) is a mobile virtual network operator (MVNO), which intends to monetize its proprietary technology. The firm's SIM cards work in conjunction with current providers to eliminate roaming charges without the hassle of changing phone numbers or customer behavior. Fast growing mobile phone technology combined with the uptick in global travel has made the world a very small space, however high costs and hassles still exist. Our rating of the stock remains neutral.

According to the Polar Wireless SEC filing, on June 14, 2011, Kelly O'Dea resigned as President and Chief Executive Officer, of Polar Wireless Corp. Mr. O'Dea will remain Chairman of the Board of Directors.  George Perlin, currently a director of the Company, was appointed President and Chief Executive Officer.

History
Mr. Perlin, age 52, has been responsible for leading all phases of Polar Wireless technology development. An engineer by training,   Mr. Perlin has considerable commercial experience in launching patented technologies and services across North America and Europe.  Mr. Perlin has acted as a consultant regarding Fire Prevention Barriers and vertical and ground transportation to various businesses since 2008.  From September 1998 to 2008, Mr. Perlin served as President of Eveready Closures, of Concord, Ontario, Canada. From April 1991 to August 1998, Mr. Perlin acted as General Manager and VP of North American operation (EEC Inc) at Lift Components Manufacturing & Commerce GMBH, (LMC Group) of Wiedenzhausen, Germany.  From May 1985 to March 1991, Mr. Perlin was a Sales Engineer for Dover Elevator Corp. of Mississauga, Ontario, where he was responsible for the analyzing and writing specifications for vertical transportation, preparation of tenders and bids and direct sales, and the successful design, tender and completion of the BCE 2 project.  From June 1981 to May 1985, Mr. Perlin was employed as an Application Engineer/Assistant of Production Manager for an Affiliated Engineering Inc. and Mining division of Wajax Industries of Mississauga, Ontario, Canada. From 1977 to 1981, Mr. Perlin attended McMaster University of Hamilton, Ontario, Canada, where he earned Bachelor of Applied Science in 1981.

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