ARC Wireless (ARCW) Appoints Gordon Bernstein as a Director
ARC Wireless Solutions, Inc. (Nasdaq: ARCW) announced today that the Board of Directors has unanimously appointed Mr. Gordon Jonathan Bernstein as a director effective today. Mr. Bernstein has also been appointed as a member of the Board's Audit Committee and the Board's Compensation Committee. The Board has determined that Mr. Bernstein meets the independence standards and the Audit Committee Composition standards under the NASDAQ Rules and Securities and Exchange Commission Rules. Mr. Bernstein will also serve as the Company's designated Audit Committee Financial Expert. Mr. Bernstein will serve for a term that will expire at the next shareholders' meeting at which directors are elected, or until a respective successor is duly elected and approved.
Mr. Bernstein is currently a Founding Partner and the Managing Member of Blackbern Partners LLC, a Private Investment Partnership. He has held this position since January of 2010. Since November of 2008 Mr. Bernstein has also served as the Vice President for Business Development and Vice Chairman of Corfin Industries LLC, a semiconductor component preparation services company. Prior to these positions, Mr. Bernstein served as a research Associate at Merlin Securities from June to October of 2008, and as an Investment Analyst at Pershing Square Capital Management from June 2004 until June 2006. Mr. Bernstein also serves as the Chairman of Minds Matter of NYC, a not-for-profit organization whose mission is to transform the lives of accomplished high school students from low-income families by broadening their dreams and preparing them for college success. Mr. Bernstein received his MBA from Columbia University and has a degree in electrical engineering from Cornell University.
Commenting on this change, CEO Jason Young stated, "We are pleased with the addition of Mr. Bernstein to the Company's Board and look forward to his contributions to the Company in 2010 and beyond."
Mr. Bernstein is currently a Founding Partner and the Managing Member of Blackbern Partners LLC, a Private Investment Partnership. He has held this position since January of 2010. Since November of 2008 Mr. Bernstein has also served as the Vice President for Business Development and Vice Chairman of Corfin Industries LLC, a semiconductor component preparation services company. Prior to these positions, Mr. Bernstein served as a research Associate at Merlin Securities from June to October of 2008, and as an Investment Analyst at Pershing Square Capital Management from June 2004 until June 2006. Mr. Bernstein also serves as the Chairman of Minds Matter of NYC, a not-for-profit organization whose mission is to transform the lives of accomplished high school students from low-income families by broadening their dreams and preparing them for college success. Mr. Bernstein received his MBA from Columbia University and has a degree in electrical engineering from Cornell University.
Commenting on this change, CEO Jason Young stated, "We are pleased with the addition of Mr. Bernstein to the Company's Board and look forward to his contributions to the Company in 2010 and beyond."
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