AirGate PCS, Inc. Announces Reorganization and Sales Leadership Changes.Business Editors & Technology Writers ATLANTA--(BUSINESS WIRE)--Feb. 15, 2002 AirGate PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , Inc., (Nasdaq/NM:PCSA PCSA Primary Care Service Area PCSA Personal Computing Systems Architecture PCSA Power Crane and Shovel Association PCSA Peel Committee on Sexual Assault (Canada) PCSA Presbyterian Church of Southern Africa ), a Sprint PCS Network Partner, recently made organizational announcements regarding the management and distribution for their Midwest and Southeast Regions. The Company announced management decisions stemming from the restructuring of the recently acquired iPCS territory. Prior to the acquisition of iPCS, AirGate had already been organized in a channel focused, two-region structure: the Interior and Coastal Regions. Following the acquisition of iPCS, the sales organization is now divided into two regions: the Southeast Region and the former iPCS territory now known as the Midwest Region. AirGate is replicating the Southeast sales channel structure in the Midwest Region. Simultaneously, the Southeast Region has consolidated its current channel management from a two-region structure to a single-region management structure. Dennis Rabon has been named Midwest Region Vice President - Sales. Prior to accepting this position, Dennis was the Interior Region Vice President of Sales responsible for the Company's sales and market successes in upstate South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. and Western North Carolina Western North Carolina (often abbreviated as WNC) is the region of North Carolina which includes the Appalachian Mountains, thus it is often known geographically as the state's Mountain Region. . While in this role, Dennis was instrumental in driving productivity increases in AirGate's retail, indirect and business sales channels as well as achieving acquisition cost savings and market share gains. Dennis will provide strong leadership to the Midwest Region. Charles Goldfarb Charles F. Goldfarb is known as the father of SGML and is a co-inventor of the concept of markup languages. Goldfarb holds an LL.B. from Harvard Law School. He worked at IBM's Almaden Research Center for many years and is now an independent consultant based in Saratoga, California. has been named Southeast Region Vice President - Sales. Chuck's previous position was Coastal Region Vice President of Sales where he was responsible for the start-up and operations of AirGate's coastal territory. Under Chuck's leadership, AirGate has delivered industry leading sales productivity and this trend is expected to continue as he directs the Southeastern Region's team to operational excellence. In part because of higher than expected gross adds over the past year and the adoption of a more aggressive business plan for the Midwest Region, the Company could have been in jeopardy of violating certain covenants under the iPCS Senior Secured Credit Facility in the second half of 2002. In a proactive measure, the Company amended these covenants to ensure the Midwest Region can achieve its business objectives. Thomas M. Dougherty, president and chief executive officer of AirGate, remarked, "We are pleased with the organizational changes that have been made and we believe the amended covenants will provide the flexibility needed to drive the growth anticipated in the Midwest Region markets." About AirGate PCS AirGate PCS, Inc., including its subsidiaries, is a Sprint PCS Network Partner with the exclusive right to sell Sprint PCS products and services in territories within seven states located in the southeastern and mid-western United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The territories include over 14.6 million residents in key markets such as Grand Rapids, Michigan “Grand Rapids” redirects here. For other uses, see Grand Rapids (disambiguation). Grand Rapids is a city in the U.S. state of Michigan. As of the 2000 census, the city population was 197,800. ; Charleston, Columbia, and Greenville-Spartanburg, South Carolina; Augusta and Savannah, Georgia Savannah is a city located in (and the county seat of) Chatham County, Georgia (USA). The city's population was 128,500 in 2005, according to the most recent U.S. Census estimate. Savannah was the first colonial and state capital of Georgia. ; Champaign-Urbana and Springfield, Illinois Springfield is the capital of the U.S. state of Illinois and the county seat of Sangamon County. As reported in the 2000 U.S. Census, the city was home to 111,454 people. The land on which Springfield is today was first settled in the late 1810s, around the time Illinois became a ; and the Quad Cities
The Quad Cities are a group of cities which flank the Mississippi River in Iowa and Illinois in the midwestern United States. areas of Illinois and Iowa. AirGate PCS is among the largest Sprint PCS Network Partners. As a Sprint PCS Network Partner, AirGate PCS operates its own local PCS network to exclusively provide 100% digital, 100% PCS products and services under the Sprint and Sprint PCS brand name in its territories. About Sprint Sprint is a global communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. serving more than 23 million business and residential customers in more than 70 countries. With 80,000 plus employees worldwide and more than $26 billion in annual revenues, Sprint is widely recognized for developing, engineering and deploying state of the art network technologies, including the United States' first nationwide all-digital, fiber-optic network. Sprint's award-winning Tier 1 Internet backbone (communications, networking) Internet backbone - High-speed networks that carry Internet traffic. These communications networks are provided by companies such as AT&T, GTE, IBM, MCI, Netcom, Sprint, UUNET and consist of high-speed links in the T1, T3, OC1 and OC3 ranges. is being extended to key global markets to provide customers with a broad portfolio of scalable IP products. Sprint's high-capacity, high-speed network gives customers fast, dependable, non-stop access to the vast majority of the world's Internet content. Sprint also operates the largest 100-percent digital, nationwide PCS wireless network in the United States, already serving the majority of the nation's metropolitan areas including more than 4,000 cities and communities. For more information, visit the Sprint PCS web site at http://www.sprintpcs.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Certain statements contained in this news release, such as statements concerning the Company's anticipated performance, plans for growth and anticipated financial results and other factors that could affect future operations or performance, and other non-historical facts, are forward looking statements made pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Since these forward looking statements are based on factors that involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking statements. Such factors include: the ability to successfully integrate the two businesses; the competitiveness and impact of Sprint PCS pricing plans, products and services; customer quality; the ability of Sprint to provide back office, customer care and other services; consumer purchasing patterns; potential fluctuations in quarterly results; an adequate supply of subscriber equipment; risks related to our ability to compete with larger, more established businesses; rapid technological and market change; risks related to future growth and expansion; rates of penetration in the wireless industry; the potential need for additional sources of liquidity; anticipated future losses; the significant level of indebtedness of each of AirGate and iPCS; adequacy of bad debt and other reserves; the potential to experience a high rate of customer turnover; and the volatility of AirGate PCS' stock price. For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from those contained in this news release, please refer to AirGate PCS' and iPCS' filings with the Securities and Exchange Commission ("SEC"), especially in the "investment considerations" section of AirGate PCS' 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. for the fiscal year ended September 30, 2001, AirGate PCS' Form 10-Q Form 10-Q See 10-Q. for the quarter ended December 31, 2001, iPCS' Form 10-K for the year ended September 20, 2001, iPCS' Form 10-Q for the quarter ended December 31, 2001, and in subsequent filings with SEC. |
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