CounterPath Appoints David Karp as Chief Financial Officer
07 September 2006 - 11:00PM
PR Newswire (US)
VANCOUVER, Sept. 7 /PRNewswire-FirstCall/ -- CounterPath(TM)
Solutions, Inc. (OTCBB: CTPS), a leading provider of VoIP (Voice
over IP) and Video over IP SIP softphones, today announced that it
has further strengthened its senior management team with the
appointment of David Karp as chief financial officer. Mr. Karp was
previously chief financial officer of Chemokine Therapeutics Corp.,
a Vancouver based, publicly traded biotechnology company where he
was instrumental in the company's successful initial public
offering and follow-on financing. In addition to raising over $25
million, Mr. Karp was responsible for treasury and U.S. GAAP
reporting, as well as the implementation of internal controls.
Prior to this position, Mr. Karp was chief financial officer of
Neuro Discovery Inc., a Vancouver based, publicly traded investment
company focused on biotechnology investing. Mr. Karp brings more
than fifteen years of corporate finance and operating experience,
including raising hundreds of millions of dollars through equity
financings and managing a number of merger and acquisition
assignments, while Vice-President, Investment Banking, for BMO
Nesbitt Burns, one of North America's leading full-service
investment firms, in Vancouver. Mr. Karp holds a Bachelor of
Science degree in Mechanical Engineering from the University of
Waterloo in Ontario and an MBA from the Ivey School of Business in
London, Ontario. He is a Chartered Financial Analyst and a
Professional Engineer. "As CounterPath continues to execute on our
strategic imperatives and operational plan, we continue to attract
world-class talent to our organization. We are excited to welcome
David on board, further strengthening our senior management team,"
stated Mark Bruk, chairman and chief executive officer. "I am
thrilled to be joining CounterPath at such an exciting time in the
Company's development," said Mr. Karp. "CounterPath is operating in
a high-growth market, and I look forward to executing on our
strategic and financial goals as we focus on building out the
company." About CounterPath CounterPath Solutions, Inc., formerly
Xten Networks, Inc., is a developer of award-winning, carrier-grade
VoIP and Video over IP SIP softphones for telecom and Internet
service providers, cable operators, IP PBX manufacturers and OEMs.
CounterPath's SIP softphones are available either pre-configured or
as a software development kit and provide VoIP, Video over IP, IM
(Instant Messaging), and Presence functionality. With over 191
customers in more than 43 countries, CounterPath's technology is
deployed in more than 6,000,000 IP endpoints worldwide. For more
information please visit http://www.counterpath.com/. CONTACT:
Leila Neale, (604) 320-3344 x113, DATASOURCE: CounterPath
Solutions, Inc. CONTACT: Leila Neale, (604) 320-3344 x113,
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