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John G. Simmonds, Chairman and CEO,
Wireless Age Communications, Inc.
Simmonds
carries decades of experience in turning development-stage
projects into multi-million dollar ventures. Clublink Inc., as
Canada's largest golf course operator with enterprise value of
over $1,000,000,000 was founded by Simmonds in 1989.
In 1989, Mr. Simmonds purchased the first of many golf courses,
Cherry Downs, a
private 18-hole golf course located just north of Toronto, Canada.
Cherry Downs was later sold into a public company, which became
Clublink Corporation (TO: LNK) and today is the largest golf
course operation in Canada.
Source
Simmonds' earlier practice led him into acquiring hopeless
operations and restructuring them to sell for multi-millions.
Dynacharge was sold to Duracell for $10,000,000 in 1985, after
Simmonds had acquired it for $100,000.
In 1981, he began a long career of buying low cost acquisitions
and building them up for later resale. He purchased Dynacharge out
of bankruptcy for $100,000 and sold it four years later for $10
million.
Source
In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000
to Securicor of Engand. The symbol was later adopted by
InterDigital Communications.
"LOS ANGELES, TORONTO, and SURREY, England--(BUSINESS
WIRE)--June 18, 1996--INTEK/SIMMONDS(NASDAQ: IDCC ) SECURICOR(TSE:
SMM LONDON STOCK EXCHANGE:SECURICOR) In a joint statement, Intek
Diversified Corporation ("Intek") of Los Angeles, California,
Simmonds Capital Limited ("SCL") of Toronto, Canada, and Securicor
plc of Surrey, England, Tuesday announced that definitive
agreements have been signed to combine Intek's Roamer One air time
services business with the US Land mobile radio business of
Midland International Corporation ("Midland"), a wholly owned
subsidiary of SCL, and the narrowband wireless technology and
manufacturing operations of Securicor Radiocoms Limited ("SRL"), a
wholly owned subsidiary of Securicor Communications Limited.
Source
Simmonds manages numerous other entities and controls intellectual
property for future venture consideration.
President and CEO of
Newlook Industries Corp. (NLI.V), CEO of
Gamecorp Ltd, formerly Eiger Technology, Inc. (GAIMF.OB, Chairman and CEO of Racino Royale, Inc., now
InterAmerican Gaming, Inc., TrackPower,
Inc., now Gate To
Wire Solutions, Inc. (GWIR.OB), and Lumonall, Inc.
(LUNL.OB).
Source
In 1991, as a director of Glenayre Electronics, Simmonds aided in
taking the company public on the Nasdaq for $80,000,000. The
company peaked at $3,000,000,000 in the early nineties.
Simmonds recalls the day in late 1987 when he took control of
Glenayre Electronics from Klaus Deering, the man who had spent 19
years building the company from an insignificant $300,000 outfit
to a $34-million manufacturer of communications equipment.
Speaking of those days now, he says: "I don't want to be
dishonest, but I don't want to wash a lot of dirty linen in
public--there wasn't a lot of it. Actually, Klaus and I got along
pretty well," says Simmonds.
Source
Synopsis: Simmonds is a seasoned executive with decades of
managerial experience in building successful enterprises. His
judgment benefits the strong teams he assembles designated for
specific ventures. His experience will be critical to launching
waste-to-energy power plant projects in cooperation with
Sunbay Energy Corp. President, Jordan Oxley, across North America.
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