Co-Founder & Former President of The Carlyle Group Steve Norris Joins the Board of The GTX.Business Editors/Hi-Tech Writers WASHINGTON--(BUSINESS WIRE)--April 27, 2000 The Global TeleExchange (The GTX GTX Gore-Tex GTX Global TeleExchange GTX Grand Tourisme Extra ), a full-service business-to-business portal and real-time applications exchange for the telecommunications industry announced today the election of Steve Norris, a well known venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. , to the board of The GTX. Mr. Norris is a co-founder and former President of the Carlyle Group  The of this article or section may be compromised by "weasel words".You can help Wikipedia by removing weasel words. The Carlyle Group is a Washington, D.C. , a private merchant bank in Washington, D.C. Mr. Norris also co-founded AG Telecom, Internet Investors II L.P. In 1990, Mr. Norris was appointed by President George Bush, and confirmed by the U.S. Senate, as one of the five members of the $68 billion Federal Retirement Thrift Investment Board The Federal Retirement Thrift Investment Board was established as an independent agency of the United States government by the Federal Employees Retirement System Act of 1986. It is one of the smaller Executive Branch agencies, with just over 100 employees. . Mr. Norris has advised and participated in the acquisition, disposition, refinancing (in public and private markets) of numerous companies. Most notably, Mr. Norris has had direct responsibility for well over $1 billion in investments in Citicorp, Euro Disney, Four Seasons Hotels and numerous telecom and Internet ventures. By the end of 1998, these investments had produced over $10 billion in profits. "We are delighted to welcome Mr. Norris to our Board of Directors. His expertise executing prominent international financial transactions and managing high-tech ventures experiencing hyper-growth will help guide The GTX in the best direction at an accelerated pace, " said Phil Anderson, The GTX CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The GTX strategy to blend the latest bricks and mortar A store (shop, supermarket, department store, etc.) in the real world. Contrast with clicks and mortar. telecom network technology with the efficiencies of the Internet is already having a powerful impact on the way conventional telephony and Internet traffic is traded," commented Norris. "This young company has quickly assembled the winning components to establish a lasting dominant position as the exchange of choice for telecom and Internet applications trading - proprietary technology, management team, key customers, and a clear unified global vision. Success is now a matter of deployment. I believe I can help The GTX execute a brilliant plan." About The GTX The GTX, headquartered in McLean, Virginia, operates an independent B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business real-time exchange on the Internet connected to a physical telecom layer assisting mature and emerging telecom companies to better compete. The GTX also offers its Trading Members over $7 billion in competitive telecom capacity available to trade today on the Agent X System of Online Trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. Floors for Bandwidth, Co-Location, Local Loop, Dark Fiber, Rights of Way and R & U Auctions (Reverse & Upward Auctions). Telecom companies are invited to login and trade today. http://www.TheGTX.com |
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