New Leader Takes The Helm At Airborne Wireless Network Inc (OTCMKTS:ABWN)

Inflight internet connectivity has made steady improvements over the past few years mainly due to the demand by the traveling public. It seems that people have become so dependent upon their on-line devices that being disconnected or “off-line,” even for the duration of a short flight is unacceptable to some. It logically follows that the technology to fill this demand would eventually emerge.Airborne Wireless Network Inc (OTCMKTS:ABWN) intends to create a high-speed broadband airborne wireless network by linking commercial aircraft in flight. Each aircraft participating in the network will act as an airborne repeater or router, sending and receiving broadband signals from one aircraft to the next and creating a digital superhighway in the sky. Airborne intends for the network to be a high-speed broadband internet pipeline to improve coverage connectivity. The Company does not intend to provide retail customer coverage to end users, but, instead, act as a wholesale carrier with target customers, such as internet service providers and telephone companies.In August of 2016, Airborne Wireless Network Inc. brought on-board Mr. Marius de Mos as its Vice President of Technical Affairs and Development. Mr. de Mos is considered a pioneer in the airborne wireless communications field. This signaled a strong commitment by the company in the pursuit of its endeavors. The company has now further enhance the management team.On Feb. 16, 2017 Airborne Wireless Network announced that it appointed Michael (Mike) J. Warren as Chief Executive Officer. Mike is a retired US Marine Corps Lieutenant Colonel and had recently served as the Regional Operations and Security Director for ECC International in Afghanistan. In this capacity, he oversaw the security of 18 Major DOD Construction Projects, totaling $1,000,000,000.Before that, Mike was the Director of Operations, Security & Safety for Checchi & Company Consulting, Inc. Prior to that he was the Program Manager for the Human Terrain Systems under the International Security Assistance Force for NATO and the US Army G-2. He has been an advisor to the US Embassy, to COMISAF and CJ2X at HQ's ISAF in Kabul, Afghanistan. Mike has an extensive background in project management and has served with numerous companies in the computer hardware and software industry, playing an integral role in the companies' growth and expansion.

J. Edward Daniels, President of Airborne Wireless Network said, "Mike will be instrumental in advancing our technology into the next stage of growth. His expertise in security operations and background in both the civilian sector and governmental sector will be invaluable as we continue to aggressively market the Infinitus Super Highway. We believe that his unique background and his ability to translate vision into world-class execution will be exactly what we need as we enter the next chapter of the business."

Since December 20^th of 2016, Airborne Wireless Network’s stock price has had two strong rallies, both with strong volume. Each rally was followed by a retracement, no doubt as a result of profit taking, but both times the retracement ended with the stock price higher than when the rally started. The most recent rally started at $1.14 on January 14, 2017, hit a high of $4.07 on February 23^rd, and retraced to $1.68. The stock is now trading at $2.55. The financials are still pre-revenue; however, the company does have plenty of cash on the balance sheet to execute its plan. Current market capitalization stands at $198.32 million, on 77.77 million shares outstanding as of March 13, 2017Appointing Michael Warren as CEO, a leader whose background includes leading organizations of a scale much greater what Airborne Wireless Network currently is, gives a strong indication of the growth expectation from within the company. Warren will be presenting at the 29th Annual ROTH Conference on March 15, 2017. This is definitely a presentation worth watching. ABWN continues to be a compelling play for investors.We will be updating our subscribers as soon as we know more. For the latest updates on ABWN, sign up below!Disclosure: We have no position in ABWN and have not been compensated for this article. We have previously been compensated a fee of six thousand dollars by a third party via bankwire for a 2 day awareness campaign on ABWN.