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05/11/2005: "Re-lighting the candle, at both ends."

Vivato issued its second press release in months today.

Lets read:
"This installation is a marriage of technologies that will provide Pleasant Hill police officers a Wi-Fi solution that is among the most technologically sophisticated in the world," said Glenn Booth, Vivato marketing director. "

"Lexington and the famous Bluegrass region of surrounding Fayette County are the newest showcases of Vivato's ability to greatly increase the range and coverage of Wi-Fi systems," said Glenn Booth, director of marketing, Vivato.

Interestingly, Vivato has recently revised their management team page, but the truth is in the pudding.

Gary Sbona and Steve Young are both properly listed as having the same titles at Regent Pacific Management

There are two new names, but Vivato is otherwise silent on their history or qualifications. The first of these is listed as, Benjamin DiLello - Senior VP of Sales & Marketing. Mr. DiLello is a
principal with Regent Pacific Management who has torn companies to bits before. One of these companies was Accelerated Networks (now known as Occam) is also a Walden International investment. Lip Bu Tan, who is also the man who brought in Donald Stalter, sits on the boards of both Vivato and Occam. Occam recently further liquidated its stock. Note that Gary Sbona was the CEO of Accelrated Networks, and that Accelerated Networks was one of the first companies to die when the bottom fell out from under the dot.comedy.

James A. Garvey - Senior VP of Engineering is also employed by Regent Pacific Management, and though that page lists several places where he's previously worked, only Optronic Laboratories checks out.

The lone V-man? Brad Kolb, who's last job was at Proxim
.

My prediction? Vivato is going to re-light the PR campaign to get these small, rural metro areas to deploy "broadband", ship them a pile of the 11g product, and then prime the company for a quick sell, possibly to a Chinese multinational. When its all said and done, the common shareholders of Vivato will get nothing, but Gary and his crew will have done their job, extracting what can be had from a dying company allowing the larger investors to recover their investment, and will be hansomely rewarded for doing so.