CyberAds, Inc. Appoints Former WorldCom Executive as Chief Operating Officer; James Baumhart To Manage Global Sales Operations And Corporate Expansion Initiatives.Business Editors/High-Tech Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--May 6, 2002 CyberAds, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYAD), a leader in online marketing and activation of cellular phone services via national and regional contracts with major wireless telecommunications carriers, today announced the appointment of former WorldCom senior executive James Baumhart to Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of CyberAds. In this capacity, Baumhart will be responsible for managing and building the Company's global sales organization, overseeing all corporate sales and marketing programs, addressing logistical lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation operational and technology demands driven by CyberAds' dynamic growth, and assisting in the implementation of strategic corporate expansion initiatives currently in development. Baumhart, who has more than 18 years experience developing successful sales organizations and penetrating markets in the telecommunications and data networking industries, has most recently served as Regional Vice President of WorldCom Wireless where he was responsible for launching the Company's Florida market for wireless products and services through direct sales initiatives and indirect channel distribution. While there, he was credited for building the region from three employees and one sales office to 125 employees and seven sales offices in a five month timeframe. In addition, he was directly responsible for establishing an extensive, independent dealer network which culminated in his growing the customer base from zero to over 50,000 active customers; and achieving WorldCom's lowest customer attrition Customer attrition, also known as customer churn, customer turnover, or customer defection, is a business term used to describe loss of clients or customers. rate in the country. Previously, he served as Executive Vice President of BIZ-TEL, a wholly-owned subsidiary of WorldCom, where he increased revenues from $10 million to over $30 million while reducing customer attrition from 7% to under 2% annually. From 1990 through 1994, Baumhart served as Vice President of LDDS See WorldCom. WorldCom, and managed the highest revenue-producing region in the Company, where he was responsible for over $140 million in annual revenue. Larry Levinson, founder, Chairman 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 CyberAds, stated, "Jim's reputation has been built on his proven ability to successfully capture meaningful market share in exciting growth markets within the telecommunications industry. Perhaps most impressive, however, is his track record for building sales-driven organizations that consistently exceed world class customer satisfaction standards while achieving aggressive financial growth benchmarks. We are delighted to have Jim on board and believe he will play a pivotal role in the next dramatic growth phase of CyberAds and our operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. ." About CyberAds, Inc. Through its wholly-owned subsidiary, IDS Cellular, Inc., CyberAds utilizes an affiliate-driven, Internet-based marketing platform, as well as inbound in·bound 1 adj. Bound inward; incoming: inbound commuter traffic. Adj. 1. inbound and outbound out·bound adj. Outward bound; headed away: outbound trains. Adj. 1. outbound - that is going out or leaving; "the departing train"; "an outward journey"; "outward-bound ships" telemarketing telemarketing, the practice of selling goods or services to customers by means of the telephone or of surveying consumer preferences in telephone conversations. services and national direct mail programs, to secure new cellular phone service subscribers for several of the Country's leading wireless telecommunications providers, including MCI/Worldcom (which resells Sprint, Verizon, AT&T and Cingular), AT&T Wireless, Triton PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , Cingular, Telecorp, Verizon, Brightpoint and AllTell. The Company has formed promotional affiliations with hundreds of companies and websites, such as JobsOnline.com, Lifeminders.com, eUniverse and Jackpot, among many more, to offer online consumers a free cell phone product through IDS Cellular when they purchase a cellular phone service plan through one of the Company's nationally and/or regionally contracted carriers. Since its inception in November 2000, CyberAds has received over 18 million visitors to its application page on the Internet and activated and delivered over 40,000 cellular phones. For more information on the Company, please visit its web site at http://www.cyberadsinc.com. Statements in this news release about anticipated or expected future revenue or growth or expressions of future goals or objectives, including statements regarding whether current plans to grow and strengthen the company's existing network will be implemented or accomplished, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements in this release are based upon information available to the Company on the date of this release. Any forward-looking statements involve risks and uncertainties, including the risk that the Company will be unable to grow or strengthen its network due to a lack of capital or an inability to identify acquisition candidates, as well as those risks and uncertainties described in the Company's filings with the Securities an Exchange Commission, that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements. |
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