19.05.2008 21:00:00
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LCC International Announces Retirement of Industry Veteran and Company Director, Dr. Rajendra Singh
LCC International, Inc. (NASDAQ:LCCI), a global leader in wireless voice
and data turn-key services, today announced that after 25 years of
service to LCC, Company founder and current Director, Dr. Rajendra (Raj)
Singh has elected to retire. Dr. Singh will fulfill his current Board
term, but will not stand for re-election at the Company’s
2008 Annual Shareholders’ meeting. Dr. Singh
founded LCC in 1983 with his wife Neera Singh. He was an Officer in the
Company until late 1999, when he relinquished all day-to-day management
activities but continued to serve on the Board. After having spent
several years in this advisory role to LCC, as well as managing other
outside investments, Dr. Singh and his family are now focused on a new
chapter in their lives. The Singhs recently relocated to Florida and are
expanding their involvement in charitable activities as well as
exploring other interests.
Commenting on his retirement from LCC, Dr. Rajendra Singh reflects, "Over
the past 25 years I have watched the growth of an industry that
surpassed all of our expectations. It has given me great personal
rewards, and it has enabled LCC to be what it is today. It is with a
real sense of accomplishment and an interest in giving back, that I
decided the time has come to explore other activities, including
charitable and philanthropic work.” Dr. Singh
concludes, "I leave LCC having built many
great relationships over the years, and I will follow the Company's
progress with great interest as it continues on its growth
transformation.” "It is with great honor and respect that we
thank Raj for all of his years of service to the Company. His
contributions to LCC are countless and his impact on the wireless
industry is legendary. We wish him all the best,”
said Julie Dobson, LCC's Chairperson of the Board.
Dr. Rajendra Singh co-founded the Company with his wife Neera Singh in
1983. He was the Company President until September 1994, was Chief
Executive Officer from January 1994 until January 1995, and was
Treasurer from January 1994 until January 1996. Dr. Singh was co
Chairperson of LCC's board of Directors from January 1995 until
September 1996 and was the Chairperson of the Board of Directors,
interim President and Chief Executive Officer from October 1998 to May
1999. Since leaving his position as an Officer with the Company, Dr.
Singh has concentrated on managing Telcom Ventures, L.L.C., an
investment firm specializing in wireless service providers and emerging
wireless technologies. Dr. Singh is married to Neera Singh, a former
Director and former Executive Officer of LCC.
About LCC International, Inc.
LCC International (NASDAQ:LCCI) is the recognized leader in providing
wireless voice and data turn-key services to the telecommunications
industry. Our service offering includes network services, business
consulting, tools-based solutions, and training through our
world-renowned Wireless Institute. The Company has worked with all major
access technologies (including UMTS, EV-DO, HSDPA and WiMAX) and has
participated in the success of some of the most sophisticated wireless
systems in the world. LCC is unique in its ability to provide
comprehensive turnkey services to wireless operators around the world.
We bring local knowledge and global capabilities to our customers,
offering innovative solutions, insight into cutting-edge developments
and delivering solutions that increase business efficiencies. News and
additional information are available at www.lcc.com.
Cautionary Note regarding forward-looking statements under the Private
Securities Litigation Reform Act of 1995:
Information in this release regarding LCC's expectations, beliefs, and
intentions are forward-looking statements that involve risks and
uncertainties. All forward-looking statements included in this release
are based upon information available to LCC as of the date of this
release, which may change, and LCC assumes no obligation to update any
such forward-looking statement. These statements are not guarantees.
Factors that could cause or contribute to differences from such
expectations include, but are not limited to risks associated with
international operations, challenges and costs arising from integration
of new operations and other factors that may affect our business are
discussed in LCC's filings with the Securities and Exchange Commission,
including our most recent annual report on Form 10-K and our quarterly
reports on Form 10-Q.
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