Cbeyond Announces Officer Share Sale.Sale Conducted as Part of General Diversification Strategy ATLANTA -- Cbeyond, 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 : CBEY CBEY Center for Business and the Environment at Yale ), a leading IP-based managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality provider to small businesses, today announced that James F. Geiger, chairman and chief executive officer of Cbeyond, sold 190,000 shares of stock in the Company on August 9, 2007. This sale represented approximately 15 percent of Geiger's total shares and options outstanding, and is part of an orderly diversification of assets for financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against purposes. The sale was conducted in accordance with Rule 144 and in compliance with the Company's trading policy and pre-clearance procedures. Geiger does not intend to sell additional shares in 2007, but may make similar dispositions of his shares in future years. About Cbeyond Cbeyond, Inc. (NASDAQ: CBEY) is a leading IP-based managed services provider that delivers integrated packages of communications and IT services to more than 31,000 small businesses throughout the 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. . Cbeyond offers more than 20 productivity-enhancing applications including local and long-distance voice, broadband Internet See broadband. , mobile, BlackBerry[R], broadband laptop access, voicemail, email, web hosting, fax-to-email, data backup, file-sharing and virtual private networking. Cbeyond manages these services over a private, 100-percent Voice over Internet Protocol (VoIP) facilities-based network. For more information on Cbeyond, visit www.cbeyond.net. CBEY-F CBEY-G |
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