Comdial Combines Key Strategic Business Units; Nick Branica to Head Combined Group.Business Editors/High Tech Writers CHARLOTTESVILLE Charlottesville (shär`lətsvĭl), city (1990 pop. 40,341), seat of Albemarle co., central Va., on the Rivanna River, in a Piedmont farm region known for its apples; founded 1762, chartered as a city 1888. , Va.--(BUSINESS WIRE)--Aug. 4, 2000 Comdial Corporation (Nasdaq: CMDL CMDL Climate Monitoring and Diagnostics Laboratory CMDL Common Mission Data Loader ) announced today that the Company has combined two of its business units: Comdial Convergent Communications (CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. ) and Key Voice Technology (KVT KVT Koenig Verbindungstechnik (German) ). These are the Company's business units that focus on sales to Comdial's extensive dealer network. Nick Branica, previously President of Key Voice Technology, will assume an expanded role as President of the new business unit which will consist of the former CCC and KVT. William G. Mustain, President and 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. , of Comdial Corp. stated, "Nick was a co-founder of KVT and has done an outstanding job in building KVT into one of the leaders in the voice mail industry. I am certain that Nick will bring the same level of leadership and enthusiasm to his new role as he has shown in the past and be instrumental in helping grow the combined business." The Company will hold a conference call at 3:00 p.m. eastern time, Wednesday, August 9, 2000. To access the conference call dial 888-843-1793; the reservation number is 16018837. Additionally, the conference call will be web cast and may be accessed by logging on to Comdial's web site at www.comdial.com . About Comdial Comdial is a provider of integrated communications solutions. The Company's broad product line includes business communications, hospitality, assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. , real estate, and call center solutions. For more information about Comdial and its products, please visit our web site at www.comdial.com . |
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