Community NetWorks Names Larry Edelson-Kayne Vice President - Controller; 29-Year Veteran Was Forbes Controller and Took High-Tech Company Public.NEW YORK--(BUSINESS WIRE)--Feb. 9, 1999--Community NetWorks, a leading integrated communications provider, today announced that Larry Edelson-Kayne, a former controller of Forbes Inc. with a high-tech finance background, has been appointed vice president - controller. Edelson-Kayne, 51, of Manhattan, has 29 years' financial management experience, spanning public and private entities and focusing on technology, media and high-growth firms. For nine years before joining Community NetWorks, he managed finance and control functions for Forbes Inc. publications, including several start-ups. In the early 1980s, he led an initial public offering and a successful second offering for Data Switch Corporation, a data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. and packet-switching equipment manufacturer, as assistant vice president of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and controller. "Larry's expertise in building robust financial foundations for high-growth technology companies is certain to benefit Community NetWorks and its shareholders," said Vern M. Kennedy, president and chief executive officer of Community NetWorks. "His accomplishments at Data Switch and two privately-held technology companies, as well as a large publishing firm, highlight his ability to create shareholder value." "My goal is to maximize value for Community NetWorks shareholders by continuing to strengthen the company's financial base to support its rapid growth," said Edelson-Kayne. "I plan to explore various options to increase liquidity, flexibility and opportunity for continued expansion." A Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , Edelson-Kayne holds a B.S. in business administration from the University of Richmond and helps not-for-profit Not-for-profit An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses. organizations improve their financial operations as a Financial Executives Institute volunteer. Community NetWorks, based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , is a leading integrated communications provider (ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. ) serving small and medium-sized businesses and residential customers in the Northeast. The company offers an array of telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , data and Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the services at lower rates and with better customer service than the local phone monopoly. Community provides simple, integrated billing and cutting-edge technology, and it donates a portion of its revenues to customer-selected community organizations. Community Telephone is the residential brand of Community NetWorks. --NOTE: For a photo or bio, visit the Community NetWorks website (www.comnetworks.com) and click on "Corporate Profile," then "Press Releases" or "Executive Team," respectively, or call the contacts below.-- Community NetWorks and Community Telephone are service marks of Coaxicom, Inc. (c) 1999 Coaxicom, Inc. |
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