XG Technology Appoints George Schmitt As CEO - Quick Facts

(RTTNews) - xG Technology Inc. (XGTI, XGTIW) announced that, effective immediately, George Schmitt, Executive Chairman of the Board of xG Technology, will also assume the role of Chief Executive Officer of the Company. Schmitt replaces John Coleman, who will stay on as a member of the xG Board and will manage the governmental/expeditionary portions of the business.

George Schmitt has over 45 years of broad telecom experience in wireless and wireline companies. He was responsible for building the first commercial GSM system in the world, for the Mannesmann consortium in Germany. As Executive Vice President of International Operations for AirTouch, he built the world's first CDMA network in South Korea. He also served as the first American Chair of the GSM Association.

Schmitt also served as President and Chief Executive Officer of PCS PrimeCo (now part of Verizon Wireless), a national PCS partnership formed by AirTouch, Bell Atlantic, NYNEX and U.S. West. Schmitt has also served as President of Omnipoint, where he built the largest American PCS network at the time, and was on the forefront of advanced wireless technologies including GSM, GPRS packet data, EDGE, positioning and Internet access. Omnipoint was acquired by VoiceStream in 2000, which was subsequently acquired by Deutsche Telekom to form T-Mobile U.S.