CIG Wireless Corp. Announces Appointment of Paul McGinn as Chief Executive Officer and Director

Published on Thursday, 09 February 2012 09:01 Written by TradersHuddle Staff

ATLANTA, Feb. 9, 2012 (GLOBE NEWSWIRE) -- CIG Wireless Corp. (OTCBB:CIGW) announces the appointment of Paul McGinn as Chief Executive Officer and Board Director effective Feb.6, 2012. Mr. McGinn, former CEO of TCP Communications, will lead the newly formed CIG Wireless -- a publicly traded tower company. Bringing more than 18 years of wireless tower experience from his days at SBA Communications Corporation where he was Director of Acquisitions, Mr. McGinn subsequently founded TCP Communications and grew it to a successful sale in 2006.

"We are very pleased to have Paul join our Board of Directors and assume the role of Chief Executive Officer," commented Sebastien Koechli CIG's President and Chairman of the Board of Directors. "Paul has a proven track record and we are confident that he is the right person to lead the company in this exciting phase. He is a great asset and we are committed to helping Paul significantly grow CIG Wireless Corp. over the next several years."

"I am excited to take on the challenge of leading CIG on a path of growth and prosperity," noted Mr. McGinn. "The company is well-placed to take advantage of the many opportunities in the tower space in the US and beyond. I thank the Board for their confidence in my ability to take CIG Wireless to another level."

CIG Wireless Corp. (www.cigwireless.com) is a leading independent owner and operator of wireless communications infrastructure in the United States. The primary focus of the Company is leasing antenna space on its multi-tenant towers and rooftops to a variety of wireless service providers under long-term lease contracts.

The CIG Wireless Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11612

Forward-Looking Statements

This press release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995.  These statements are based upon our current expectations and speak only as of the date hereof.  These forward-looking statements are based upon currently available competitive, financial, and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain.  Our actual results may differ materially from those expressed in any forward-looking statements as a result of various factors and uncertainties.  The Company cannot provide assurances that any prospective matters described in the press release will be successfully completed or that the Company will realize the anticipated benefits of any proposed acquisitions.  Various risk factors that may affect our business, results of operations and financial condition are detailed from time to time in the Annual Report on Form 10-K and in the Current Reports on Form 8-K and other filings made by the Company with the U.S. Securities & Exchange Commission.  The Company undertakes no obligation to update information contained in this release.

CONTACT: Paul McGinn
         Chief Executive Officer
         678-332-5000
         
         Patrick Finucane
         Investor Relations
         678-332-5010