Advanced Radio Telecom Appoints Senior Vice President of Finance.Business Editors BELLEVUE, Wash.--(BUSINESS WIRE)--July 14, 2000 Advanced Radio Telecom Corp. (ART) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ARTT ARTT, n.pr See asymmetry/range of motion alteration/tissue texture alteration/tenderness. ) today announced the appointment of Darla Vivit Norris as senior vice president of finance. In making the announcement, ART president and COO Robert S. McCambridge lauded Norris' expertise in international finance and technology. "Darla will be a significant asset to our management team," said McCambridge. "Her in-depth knowledge of our marketplace, along with her successful track record in finance and operations, will help ART continue its rapid growth and leadership in offering broadband wireless See wireless broadband. IP services worldwide." "I am pleased to have joined a company on the move," said Norris. "ART is a key player in the exploding market for fixed broadband wireless services, and I was attracted by the energy, growth, and potential of the company. I am happy to be a part of ART's future." Norris' 20-year career in finance includes executive positions in companies such as Weyerhaeuser Company, Weyerhaeuser Venture Company, Cornerstone Columbia Development Company, Cable Plus and UTILX Corporation. Prior to joining ART, Norris served as senior vice president and CFO See Chief Financial Officer. of UTILX Corporation where she was responsible for finance, budgeting, accounting, risk management and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . Norris was a key member of a new management team that produced four consecutive profitable quarters after two years of losses and a threefold increase in market value. As CFO and vice president of Cable Plus, Norris closed on more than $350 million of debt and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. involving local, national and international lenders and investors. About Advanced Radio Telecom Advanced Radio Telecom Corp., headquartered in Bellevue, Wash., is a provider of broadband wireless Internet Protocol (IP) access services at speeds up to 155 Mbps. ART currently owns and operates broadband wireless metropolitan area networks in Houston, Los Angeles, Phoenix, San Jose, Seattle and Washington, D.C. and plans to expand to 40 markets over the next two years. ART is a Cisco Powered Network(TM) service provider. ART has a nationwide footprint of 39GHz spectrum licenses in the United States, and owns 26GHz and/or 39GHz spectrum licenses in the United Kingdom and several Scandinavian countries. For more information, please visit ART's web site at www.ipsp.com The above information includes forward-looking statements regarding network deployment. These statements are not guarantees of future performance. Known and unknown risks, uncertainties, and other factors, including without limitation, satisfying closing conditions, final FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. approval, capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and other financial risks, customer demand, technological risks, management of growth, competition and government regulation may cause actual results to differ materially from the future results implied or expressed in the forward looking statements. Additional information about the most significant of such factors is set forth in ART's most recent annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . The Company does not undertake to update or revise its forward-looking statements publicly even if experience or future changes make clear that any projected results expressed or implied herein will not be realized. |
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