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Sky-Trax Names William H. McDonnell Chief Financial Officer

Friday, June 26, 2009

NEW CASTLE, DE — Sky-Trax Inc. (Sky-Trax) is pleased to announce the hiring of William H. McDonnell as Chief Financial Officer. In this role, Mr. McDonnell will be responsible for the company's financial controls, financial reporting, financial planning, day-to-day management of financial operations and human resources.

“Our transformational technology is not limited to domestic business lines,” says Mr. McDonnell. “With my international finance experience, specifically with technology companies, the creative vision of founders, Larry Mahan, David Emanuel, and, Richard Ungerbuehler along with the leadership experience in the logistics/supply chain industry of Bill Conley as CEO, Sky-Trax is poised for tremendous advancements.”

Mr. McDonnell joins Sky-Trax with extensive experience in creating and managing global financial and operating programs for companies that develop and deliver software solutions to the global market. He most-recently served as Chief Financial Officer of S Group International, Inc., a publicly owned international software solution provider for OEM and reseller channels to the sign making, digital printing, CNC, and home automation industries where he was responsible for establishing and managing the overall financial, legal, and human resource requirements of the group.

Prior to S Group International, Mr. McDonnell was Corporate Controller/Vice President of Finance at FNX Limited, a venture capital funded global financial risk management software Development Company where he was responsible for managing the day-to-day global accounting and financial activities.

“Sky-Trax is extremely pleased to welcome Bill McDonnell into the company,” says Larry Mahan, Sky-Trax President and COO. “Bill perfectly fills a key role as CFO for Sky-Trax. With his impressive background in global financial management with technology start ups and growth companies, and his innovative business process improvement skills; Bill’s experience, expertise, and track record are just what Sky-Trax needs.”

Mr. McDonnell holds a BS in Accounting from Georgetown University and is a Certified Public Accountant in inactive standing. He began his career in public accounting, providing audit and tax services to middle market companies. He then served as a Senior Accountant at Rhone-Poulenc Rorer (now Sanofi-Aventis) before joining Unisys Corporation as a Senior Audit Consultant.

About Sky-Trax Inc.
Sky-Trax is the inventor and commercial provider of Optical Real-Time Location Systems for tracking goods, vehicles and guiding autonomous vehicles in any size facility. Sky-Trax revolutionary location tracking and automatic data collection systems are designed for indoor industrial vehicles; primarily in warehouses. Applications employing Sky-Trax Optical RTLS are economical and practical to deploy, allowing warehouse professionals to substantially increase safety and improve warehouse efficiency. The results are fewer safety incidents, much lower operating costs, improved inventory accuracy, and greater throughput. For more information, please visit www.Sky-Trax.com.

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