Mpower Communications Hires New Technology Officer
ROCHESTER, NY—June 10, 2003—Mpower Communications Corp. (AMEX:MPE), a provider of broadband high-speed Internet access and telephone services to business customers, today announced the appointment of Russell A. Shipley as New Technology Officer.
Shipley will be responsible for looking for opportunities to augment Mpower's robust integrated data and voice product offering to further enhance the value proposition for customers. He will also explore cost-efficient network access and transport technology alternatives to incorporate into the company's facilities-based network.
"Russ's experience and technological expertise will provide valuable perspective on products and network that we expect will provide Mpower with greater competitive advantages as we continue to build both these areas," explained Mpower Communications Chairman and Chief Executive Officer Rolla P. Huff.
"Mpower's strengthened balance sheet position has poised the company for growth," added Shipley. "Our opportunity is now in the continued evolution of the product portfolio and in maximizing technology, distribution channels, partners and suppliers."
A seasoned senior executive with more than 17 years leading engineering, technology, operations, service, construction, and business development, Shipley held senior positions at Global Crossing and Frontier Communications. His most recent position at Global Crossing was Senior Vice President-Global Transport Network Operations. While at Frontier, Shipley led the planning, engineering and construction of the 20,000-route mile nationwide fiber optics network shared by Frontier and Qwest. As part of this initiative, he championed many new technology advancements that yielded dramatically lower costs for both companies.
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.
Forward-Looking Statements
Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Mpower Holding Corporation cautions investors that certain statements contained in this press release that state management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. Management wishes to caution the reader these forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected as a result of risks and uncertainties including, but not limited to, the consummation of the remaining previously announced asset sales, the expected financial and operational improvements from the transactions described herein, market makers independent decisions to create a market in the common stock of the company, future sales growth, market acceptance of our product offerings, our ability to secure adequate financing or equity capital to fund our operations, network expansion, our ability to manage rapid growth and maintain a high level of customer service, the performance of our network and equipment, our ability to enter into strategic alliances or transactions, the cooperation of incumbent local exchange carriers in provisioning lines and interconnecting our equipment, regulatory approval processes, changes in technology, price competition and other market conditions and risks detailed from time to time in our Securities and Exchange Commission filings. The company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information, or otherwise.
