There will be over 5 billion mobile phone subscriptions worldwide in 2010. By the end of 2009, that number had already reached 4.6 billion subscriptions, or a 67 percent global penetration rate
Source: International Telecommunications Union,
February 23, 2010
Mobile Payments market to quadruple by 2014, reaching $630bn in value
Source: Juniper Research,
May 4, 2010
Nearly half of mobile phone users worldwide to make Mobile Payments by 2014
Source: Juniper Research,
April 21, 2010
The worldwide number of users of mobile banking and related services is forecasted to grow from 55 million users in 2009 at a compound annual growth rate (CAGR) of 59.2 percent to reach 894 million users in 2015
Source: Berg Insight,
April 23, 2010
The latest annual, quarterly and monthly data reported by central banks show that officially recorded remittance flows to developing countries reached $316 billion in 2009
Source: World Bank,
April 23, 2010

Patrick Bird

President and CEO

Mr. Bird was founder and President of Isolation Systems, a provider of network security products, from 1979 until 1997. During that time, he managed the development of the first secure microcomputer co-processor which was evaluated for and certified for use by the U.S. Department of Defense. He then conceived, developed and deployed the first commercial VPN (Virtual Private Network) in a team with Cisco Systems. Isolation Systems was sold to Shiva Inc., which was later acquired by Intel. Prior to Isolation Systems, Mr. Bird was with Northern Telecom (now Nortel) in financial and systems management roles.

Lenny Liscio

Vice President and Chief Financial Officer

Mr. Liscio has over 15 years of finance and management experience within the IT solutions and services industry. At Olivetti Canada, he served as CFO and then CEO and coordinated the integration of two large organizations when Olivetti was acquired by Wang Canada. Mr. Liscio has also been CFO of Longview Solutions Inc, an emerging Canadian software provider, ChondroGene Limited, a publicly traded biotech start up, and Constellation Home Builders Inc, a provider of vertical market software solutions to the homebuilder industry.

Jason Hurlbut

Vice President, Global Sales and Business Development

Mr. Hurlbut has extensive experience building sales at young companies. Prior to joining CPNI, Mr. Hurlbut was the Vice President, Sales Development for Chantry Networks, a Siemens Company responsible for the successful launch of Wireless LAN in Asia Pacific, South Africa and Mexico. Mr. Hurlbut initiated Canadian sales for Chantry prior to its acquisition by Siemens. He also spent four years with financial industry sales for Cisco Systems after his previous company ArrowPoint Communications was acquired by Cisco. Mr. Hurlbut launched the Canadian sales for ArrowPoint, generating $3.5M in the first 9 months.