Penny Stock News: 5BARz International Adds VP of Business Development

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MISSION VIEJO, CA–(Marketwire – May 5, 2011) – 5BARz International Inc. (OTCBB: BARZ) (hereafter “5BARz” or the “Company”) is pleased to announce it has hired Mr. James Fraley as Vice President of Business Development.

Mr. Fraley is an accomplished executive with more than twenty years experience in the telecommunications Industry. He has extensive engineering experience designing and deploying wireless solutions in multi platform environments, and has spent many years in business development for major industry leaders such as Samsung Telecommunications America, SONY Wireless Telecommunications Company (WTC), Oki Telecommunications and Qualcomm.

Mr. Fraley was a major contributor to the rapid commercialization of wireless and location based technology advancements, which included incorporating CDMA, GPS and WLAN into consumer electronics and enterprise solutions. A founding member of the CDMA Certification Forum (Qualcomm), Mr. Fraley was pivotal in establishing standard practices and policies for CDMA wireless devices globally, and set forth global CDMA product commercialization guidelines. Mr. Fraley earned a BS, Computer Science Electrical Engineering from Lake Superior State University, MI.

Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.

The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.

Article source: http://www.marketwire.com/press-release/5barz-international-adds-vp-of-business-development-otcbb-barz-1510547.htm

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