Mpower Communications Appoints President of
Sales & Marketing to Lead Up-Market Strategy
ROCHESTER, NY—June 24, 2003—Looking to capitalize on a new market opportunity with larger business customers, Mpower Communications Corp. (AMEX:MPE), a leading provider of broadband high-speed Internet access and local and long distance voice services, today announced that Jim Ferguson has been appointed President of Sales & Marketing.
With two decades of proven business sales success, Ferguson will be responsible for Mpower's dedicated sales force, agent channel and marketing efforts. Ferguson's extensive experience in selling to larger and multi-location business customer will benefit Mpower as it plans to expand its services to include new higher-end trunking (PRI) products.
"Jim will be a core member of Mpower's executive management team. Coupled with the recent addition of Tony Cassara to our Board of Directors, we have significantly strengthened the sales and marketing acumen which will guide Mpower in the future," said Mpower Communications Chairman and Chief Executive Officer Rolla P. Huff.
"With no long-term debt on its balance sheet, a high quality facilities-based network and a complete end-to-end product line, Mpower stands out in the telecommunications industry," noted Ferguson. "This is a company that has financial stability, strong leadership, a winning culture and a robust portfolio of services required to be an ideal partner for businesses; and to be a long-term provider in the telecommunications industry. I look forward to developing programs and driving superior results that will benefit our customers, employees and shareholders."
Ferguson has established a track record of achieving results and motivating sales organizations to out-perform. He joins Mpower from Global Crossing where he has held a variety of senior management positions including President of the Western Division, Vice President of Multi National Corporation Sales and Vice President NextGen Markets. Most recently he served as Regional Vice President of Sales overseeing all sales, customer support and engineering spanning a territory from Chicago to the West Coast. Recently his duties were expanded to include leading the sales efforts in the Asia Pacific markets. In addition to seven years at Global Crossing, Ferguson's strong sales and marketing background stems from positions with Cable & Wireless, Racal SkyNetworks, Sprint and GTE.
About Mpower Holding Corporation
Mpower Holding Corporation (AMEX:MPE) is the parent company of Mpower Communications, a leading 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, receipt of all remaining payments from the previously announced asset sales, 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 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.
