Arthur Marks to Step Down as Director of Talk America.Business Editors RESTON Reston, uninc. city (1990 pop. 48,556), Fairfax co., N Va., a planned community established in 1961. A suburb of Washington, D.C., Reston is organized in a series of residential villages and commercial areas. , Va.--(BUSINESS WIRE)--Nov. 19, 2003 Talk America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. (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 :TALK), a provider of bundled local and long distance phone service, announced today that Arthur Marks will leave the Board of Directors of Talk America at the end of this calendar year. Mr. Marks recently launched Valhalla Partners Valhalla Partners, based in Vienna, Virginia, is a venture capital firm which seeks to build world-class technology companies. Valhalla assists the companies it invests in by offering both seasoned advice and best practices which have been developed over the last twenty years. , a new, venture capital fund focused on early stage investments in the technology sector and he is committing all his time to this new venture. Mr. Marks commented, "It was a difficult decision to leave the Board given the dramatic improvements already achieved, the strong operating performance of the Company and the significant opportunities that lie ahead. The Company has an exciting future and it has been a pleasure working with the other directors and the management team. However, I have a responsibility to my new investors to focus all of my attention to the success of our new fund." In making today's announcement, Gabe Battista, Chairman and Chief Executive Officer of Talk America stated, "All of us at Talk America would like to thank Art for the valuable contribution he has provided to the Company. He has provided strong leadership at the Board level and an unwavering commitment to the success of our Company. We are pleased that Bob Korzeniewski, who joined our Board in July, has succeeded Art as the Chairman of the Company's Audit Committee." About Talk America Talk America offers a bundle of local and long distance phone services to residential and small business customers. The Company delivers value in the form of savings, simplicity and quality service to its customers. The Company operates its own nationwide long distance network and delivers local services through wholesale operating agreements An operating agreement is an agreement among limited liability company ("LLC") members governing the LLC's business, and Member's financial and management rights and duties. No state requires an LLC to have an Operating agreement. with the Bell Operating Companies operating company A business that engages in transactions with outsiders. . For further information, visit the Company online at: www.talk.com. |
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