Mpower Appoints Treasurer
Company Plans to Release 1st Quarter Earnings on May 8th
ROCHESTER, NY—May 2, 2003—Mpower Holding Corporation (AMEX:MPE), the parent company of Mpower Communications Corp., a provider of broadband high-speed Internet access and telephone services to business customers, announced today its Corporate Controller Michael J. Tschiderer will take on additional responsibilities as Treasurer of the company.
Tschiderer has been with Mpower since May 2000 as Vice President of Finance, Purchasing and Administration and has been Controller since March 2001. As Treasurer, he will assume additional responsibilities for all Mpower treasury functions including capitalization planning, cash and currency management, and risk management.
"Mike has been a key leader and a critical contributor throughout Mpower's restructuring process over the past two-and-a-half years," noted Gregg Clevenger, Executive Vice President and Chief Financial Officer. "Now that we have completed that process and are focused on achieving profitability, we will leverage Mike's skills in managing our assets and capital."
Before joining Mpower, Tschiderer was a partner with Bonadio & Co., LLP, a CPA and consulting firm in Western and Central New York. He is a Certified Public Accountant in the state of New York and holds a bachelor's degree in business administration from St. Bonaventure University.
1st Quarter 2003 Earnings Announcement Scheduled
Mpower also announced today that it plans to release its first quarter 2003 financial results on Thursday, May 8, 2003.
About Mpower Holding Corporation
Mpower Holding Corporation (AMEX:MPE) is the parent company of Mpower Communications, a facilities-based broadband communications provider offering a full range of data, telephony, Internet access and Web hosting services for small and medium-size business customers. Further information about the company can be found at www.mpowercom.com.
