October 2, 2001
Garmin® New Hire to Spearhead Future Mobile
Electronics Business Effort
OLATHE, Kan. Garmin International, a unit of Garmin Ltd.
(Nasdaq: GRMN), is pleased to announce the hiring of Guy Waitley
as Associate Director of Business Development. This is a new position
designed to bolster the companys strategic development efforts
as it rolls out its future plans for GPS-enabled personal digital
assistant (PDA) and smart phone products.
Waitley comes to Garmin from Austin, Texas-based OnFiber Communications,
where he served as Executive Director for Business Development
and Strategic Transactions. Prior to OnFiber, he worked for more
than six years with Sprint Corp. and Sprint PCS, where he most
recently served as Director for Business Development and Strategic
Transactions and was instrumental in developing strategic relationships
and negotiating purchase and marketing agreements related to wireless
products and services. While at Sprint PCS, he also engaged in
a variety of leading-edge business activities related to wireless
applications such as telematics, location-based services, voice
recognition, roadside assistance and wireless Internet services.
"Guy brings a high level of business development expertise
to this position," said Dr. Min Kao, co-CEO and co-chairman
of Garmin Ltd. "As a market leader in GPS innovation that
is continuing to expand in the highly integrated mobile electronics
market, Garmin will lean on his ability to create, develop and
manage key relationships to pave the way for sales of our wireless
and future mobile electronics."
Some of Waitleys immediate tasks involve positioning the
companys integrated PDA products and next-generation smart
phones in the marketplace, matching up feature sets, and working
with service providers and software developers.
Waitley is a graduate of the University of Kansas, where he earned
both his B.S. in business administration and J.D. He started on
Sept. 17 and reports to Dan Bartel, Garmin's sales director
for consumer electronics.
Note to editors: Photo available upon request.
Garmin International Inc. is a member of the Garmin Ltd. (Nasdaq:
GRMN) group of companies, which design and manufacture navigation,
communication and information devices most of which are
enabled by GPS technology. Garmin's products serve the aviation,
marine, outdoor recreation, automotive, wireless and OEM markets.
Garmin Ltd. is incorporated in the Cayman Islands, and its principal
subsidiaries are located in the United States, Taiwan and United
Kingdom. For more information, visit the Virtual Press Room at
www.garmin.com/pressroom, or contact the Media Relations department