Conway, SC, March 4, 2014 – 4Cable TV International, Inc. (OTCQB: CATV) (“4Cable” and/or the “Company”), a global manufacturer of outdoor transmission equipment for cable and broadband providers, announced today that it has appointed Ross DeMello, a global business development leader, to its Board of Directors. Mr. DeMello, who will head 4Cable’s Audit Committee, brings over three decades of experience in financial accounting in public practice and industrial sectors.
“We are extremely pleased to have an individual of Ross DeMello’s caliber join our Board,” said Steven K. Richey, President of 4Cable. “Ross brings senior financial experience and an independent perspective that is so important in running a public company. I look forward to working with him as the Company grows and the complexity of our audits and financial reporting increases. Mr. DeMello has extensive experience in helping companies grow through corporate finance opportunities and strategic business transactions.”
As a successful global business development leader, strategist, and financial executive, Mr. DeMello has led several companies globally. His accomplishments include growing owner operated businesses through mergers and acquisitions, assisting in business valuations, and planning exit strategies. He has held directorship positions in junior mining and exploration companies, and was a CEO of an entertainment company listed on the VSE, MSE and the TSX exchanges. Mr. DeMello is a member of the Certified General Accountants Association.
“4Cable is cost effectively addressing a significant growth opportunity for cable and broadband companies,” said Ross DeMello. “The 4Cable team has developed breakthrough technologies that can provide significant opportunities to increase cable system penetration while delivering in-demand high quality video, voice and data signals to consumers, at a substantially better ROI than traditional construction models. I’m thrilled to be on the board and helping to bring this exciting technology to market.”
To facilitate the appointment of independent director Ross DeMello, Susan Richey has resigned as a director of 4Cable. Susan Richey will continue to serve as the Company’s corporate secretary.
About 4Cable (CATV)
4Cable TV International, Inc. is a global manufacturer of outdoor transmission equipment for the cable and broadband industry. The Company’s patent-pending innovations offer broadband, phone and digital/cable TV service providers with cost-effective solutions that maximize bandwidth, extend system penetration, and save energy. Since 2005, 4Cable has owned and operated manufacturing and research facilities in Conway, SC. 4Cable’s flagship product lines are the DSR No Diplexer Node, the RF2F Cable TV Network Extension System, and the PowerMiser™ amplifier. For more information on 4Cable (OTCQB: CATV) and its products visit the Company’s website at http://www.4Cable.tv
DISCLAIMER FOR FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, the information contained herein is of a forward-looking nature. Such forward looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievement of the company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Accordingly, you should not place undue reliance on statements containing forward looking information. Investors are urged to consider closely the disclosure in our Form 10-K, which may be obtained from us, or from the SEC website at http://www.sec.gov/edgar.shtml