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Mitec Appoints CEO

Mitec announced the appointment of Daniel Piergentili as President and Chief Executive Officer, effective immediately

August 16, 2006

1 Min Read

MONTREAL -- The Board of Directors of Mitec Telecom Inc. (TSX: MTM) today announced theappointment of Daniel Piergentili as President and Chief Executive Officer, effective immediately. In addition, MitecTelecom intends to file a short form Rights Offering Prospectus.With his appointment, Daniel Piergentili becomes a member of the Mitec Board of Directors. Keith Findlay will stepdown as President and Chief Executive Officer effective immediately and assume a consulting role.

Mr. Piergentili joins Mitec from Ericsson Inc. where he held positions in wireless telecommunication and satellitecommunication (satcom) product development. Most recently, he was Vice-President, Engineering, for Ericsson’sNorth American Wireless Unit responsible for all wireless development centres throughout the United States andCanada. He began his career in 1988 as a System Engineer at General Telephone and Electronics (GTE) in Boston.After holding a series of progressively more senior positions at GTE, he joined Mitec in 1992 as Director ofEngineering and was subsequently promoted to Vice-President responsible for all wireless and satcom businessunits. He left Mitec in 1997 to further his experience at Ericsson. Mr. Piergentili holds a Master of Science inElectrical Engineering from Northeastern University.

“We appreciate the leadership that Keith Findlay has provided to Mitec," said interim Chairman, Hubert Marleau.“Dan Piergentili’s appointment marks the completion of our strategic initiative phase. His proven leadership andstrong technical knowledge in communication infrastructure development make him well-qualified for the role of CEO.He has the skills and experience to drive the operations of the company to maximize shareholder value.”

Mitec Telecom Inc.

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