Elena Kinakin to Head Finance for Fiber Optic Equipment Company
VANCOUVER, CANADA–February 4, 2008 – Ignition Point Technologies Corp. (TSX-V: IPN) is pleased to announce that Ms. Elena Kinakin has joined the company as Chief Financial Officer, replacing Stephen Majlath who has resigned to pursue other activities.
Ms. Kinakin brings 20 years of finance experience, including senior positions at a range of private and publicly held companies. Prior to joining Ignition Point, Ms. Kinakin was Chief Financial Officer of Spectrum Signal Processing Inc. Ms. Kinakin holds a Certified General Accountant designation.
“We are extremely pleased to attract Elena to our executive,” said Neil McDonnell, Chief Executive Officer of Ignition Point. “As the company’s operating subsidiary Teraspan gains momentum capitalizing on the significant growth in fiber deployment across the globe, Elena will be an important member of our team. Her extensive experience managing the accounting and finance functions in a high-tech, public company environment will be valuable during the
company’s growth stage”
About TeraSpan Networks
TeraSpan is a product and services company which has developed and commercialized apatent-pending “Vertical Inlaid Fiber” (VIF) system for the rapid, non-disruptive, and low-cost deployment of fiber optic networks. TeraSpan’s cost effective last-mile solutions help companies and organizations meet rapidly growing end user demand for “last mile” high-speed voice, video and data communications applications.
About Ignition Point
Ignition Point Technologies Corp. (TSX-VEN:IPN) is a Vancouver-based broadband communications company providing innovative solutions to expand connectivity to public and private networks. Ignition Point’s operating subsidiary is TeraSpan Networks Inc. www.teraspan.com. For more information, visit www.ignitionpoint.ca.
Press Contact
For more information, contact:
Elena Kinakin, Chief Financial Officer
Ignition Point Technologies Corp.
Phone: 604 633 9090
This news release contains certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical fact, that address events or developments that the company expects
to occur, are forward looking statements.