DSL.net Names Robert B. Hartnett, Former WorldCom/UUNET Executive, to Board of Directors; Seasoned Telecom Leader Brings Expert Business Perspective to Company.Business Editors NEW HAVEN New Haven, city (1990 pop. 130,474), New Haven co., S Conn., a port of entry where the Quinnipiac and other small rivers enter Long Island Sound; inc. 1784. Firearms and ammunition, clocks and watches, tools, rubber and paper products, and textiles are among the many , Conn.--(BUSINESS WIRE)--April 2, 2002 DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary .net, 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 : DSLN), a leading, nationwide, direct provider of high-speed Internet See broadband. access solutions for small and medium-sized businesses, today announced that Robert B. Hartnett has agreed to join its Board of Directors, effective upon the Company's Annual Meeting of Shareholders on May 29. "We are delighted that Bob has accepted our invitation to join DSL.net's board of directors," said David Struwas, chairman and chief executive officer of DSL.net. "His proven, insightful leadership and deep understanding of the telecommunications industry will be tremendous assets in helping us chart new courses for continued growth, success and value to our shareholders." A native of Akron, Ohio, Mr. Hartnett most recently served as president of Business Markets for WorldCom, where he was responsible for the corporation's Major, National and Global Account programs, as well as the Global Solutions, Government Markets and Emerging Markets organizations. A 20-year veteran of MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. WorldCom, Mr. Hartnett has held numerous senior-level positions with the company, including chief executive officer of UUNET (UUNET Technologies, Inc., Fairfax, VA, www.uunet.net) Founded in 1987, UUNET was the first commercial Internet service provider. Originally offering e-mail and news, it became a full Internet service organization providing dial-up and leased line accounts as well as archive space for . Prior to the merger with WorldCom in 1998, Mr. Hartnett served as president of Business Sales and Service at MCI Communications. Mr. Hartnett has a BA in Communications from John Carroll University The university is organized into three schools including two undergraduate colleges: the College of Arts and Sciences and the Boler School of Business, and one graduate school, each defining its own academic programs under the auspices of the Academic Vice President. and an MA in Communications Arts from Loyola Marymount University. "I'm very pleased and excited to be joining the DSL.net board of directors," said Mr. Hartnett. "In a very short time, this company has managed to secure an enviable position within the broadband industry and has assembled all the necessary components to take them to the next level. I welcome the opportunity to share my experience with the entire board in contributing to this Company's continued growth." About DSL.net Based in New Haven, Connecticut, DSL.net, Inc. combines its own DSL facilities, nationwide network infrastructure, and Tier I Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) capabilities to provide high-speed Internet access and value-added services directly to small and medium sized businesses throughout the United States. A certified CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) in all 50 states, plus Washington D.C. and Puerto Rico, DSL.net sells exclusively to businesses, primarily through its own direct sales channel. DSL.net augments its direct sales strategy through select system integrators, application service providers, and marketing partners. In addition to a number of high-performance, high-speed Internet connectivity solutions specifically designed for business, DSL.net product offerings include Web hosting, DNS (Domain Name System) A system for converting host names and domain names into IP addresses on the Internet or on local networks that use the TCP/IP protocol. For example, when a Web site address is given to the DNS either by typing a URL in a browser or behind the management, enhanced email, on-line data backup and recovery services, firewalls, and nationwide dial-up services. For more information on DSL.net, visit www.dsl.net, e-mail info@dsl.net, or call 1-877-DSL-NET1 (1-877- 375-6381). This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are subject to a variety of risks and uncertainties, many of which are beyond DSL.net's control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include, among other things, (i) DSL.net's unproven business model, which may not be successful; (ii) DSL.net's ability to execute its business plan in a timely manner; (iii) risks associated with acquisitions; (iv) the difficulty of predicting the new and rapidly evolving high-speed data communications industry; (v) regulatory, legislative, and judicial developments, which could adversely affect the way DSL.net operates its business; and (vi) DSL.net's ability to recruit and retain qualified personnel, establish the necessary infrastructure to support its business, and manage the growth of its operations. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. DSL.net undertakes no obligation, and disclaims any obligation, to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional information regarding these and other risks faced by DSL.net, see the disclosure contained under "Risk Factors" in DSL.net's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2001, which has been filed with the Securities and Exchange Commission. DSL.net is a trademark of DSL.net, Inc. Other company names may be trademarks of their respective owners. |
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