Amos Sela Steps Down as CEO of deltathree.com to Rejoin RSL Communications; Noam Bardin, Co-Founder, Promoted to President and Interim CEO.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--March 23, 2000 deltathree.com, Inc. (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 :DDDC DDDC Dedicated Design Day Capacity (natural gas rate calculation) DDDC Defense Distribution Depot, San Diego, CA DDDC Defense Debriefing & Document Center ), a global provider of IP telephony The two-way transmission of voice over a packet-switched IP network, which is part of the TCP/IP protocol suite. The terms "IP telephony" and "voice over IP" (VoIP) are synonymous. services and other enhanced, web-based communications services, today announced that Amos Sela will resign as Chief Executive Officer and President of deltathree.com, and has accepted a position with RSL RSL - RAISE Specification Language Communications, Ltd. The Board of Directors has promoted Co-Founder Noam Bardin to the positions of President and Interim Chief Executive Officer of deltathree.com. Mr. Sela will also resign from the position of Director but will continue to serve in an advisory role on an as-needed basis. All changes will be effective as of April 1, 2000. A Co-Founder of deltathree.com in 1996, Noam Bardin currently serves in the role of Chief Technology Officer, which he assumed in June of 1997. Prior to serving as Chief Technology Officer, Mr. Bardin served as the deltathree.com Global Network Director from November 1996 to May 1997. The Board has formed a search committee to oversee the transition process and has retained the services of the executive search firm Christian & Timbers to aid in the selection of a new chief executive officer, a process which is expected to take several months. In a unanimous statement, the Board of Directors said, "Amos has guided deltathree.com through a successful initial public offering, added discipline and controls to the organization and has positioned deltathree.com to be a leader in convergence communications services over the Internet. He was an integral part of the successes that deltathree.com has achieved to date in providing innovative Internet telephony products and services, assembling a first tier senior management team and driving the deltathree.com market presence worldwide. Amos has achieved much in charting the course of this enterprise and has earned our admiration." Amos Sela stated, "I have seen deltathree.com evolve from a pioneer in the Internet telephony market place to the innovative publicly traded corporation we see today with a robust worldwide network of leading VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a products and services. With the company firmly positioned to drive the global market for IP technology, I confidently step aside and tap the industry expertise of Noam Bardin to guide the deltathree.com employees and shareholders to the next level of success." Noam Bardin stated, "As a Co-Founder of deltathree.com, I have seen the evolution of the IP telephony sector from inception and have a clear vision of the future to keep deltathree.com at the cutting edge of this dynamic industry. It is a privilege to have the opportunity to lead such a talented group of individuals within the deltathree.com family. I am fully committed to leading the company smoothly through this transition period and anxiously look ahead to even greater successes in the global communications marketplace. The growth deltathree.com has experienced to date is only the beginning." About deltathree.com: deltathree.com is a global provider of IP telephony services and other enhanced, web-based communications services to individuals and businesses worldwide. The Company is a subsidiary of RSL Communications, Ltd. (NASDAQ:RSLC RSLC Republican State Leadership Committee RSLC Reconnaissance & Surveillance Leaders Course RSLC Record Society of Lancashire and Cheshire ). deltathree.com's interactive communications portal, www.deltathree.com, is a single online source for the communications needs of users anywhere in the world. By combining user-friendly, web-based access with the advanced functionality of its privately managed, global IP telephony networks, deltathree.com offers its users a comprehensive solution for high-quality, low-cost IP communications services. These services currently include PC-to-phone; D3 Box(TM), a unified messaging service; Click IT(TM), an e-commerce tool; phone-to-phone; YourDay.com, the online calendar and scheduling system; and global roaming, for accessing the deltathree.com network from locations throughout the world. For additional information please visit our corporate Website at www.deltathree.com. For more information on deltathree.com, contact Josh Epstein or Hannah Shay shay n. Informal A chaise. [Back-formation from chaise (taken as pl. )] Noun 1. at Clifford Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , (212) 358-0800. For investor relations Investor relations The process by which the corporation communicates with its investors. contact Erik Knettel at Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings Investor Relations, (212) 701-1963. This press release contains forward-looking statements within the meaning of the "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. " provisions of 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. These statements are based on management's current expectations or beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those set forth in the forward looking statements. For a detailed discussion of these cautionary statements, risk factors and uncertainties please refer to the Company's filings with the Securities and Exchange Commission. |
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