Dan Moffat to Leave New Edge Networks.VANCOUVER, Wash. -- EarthLink (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 :ELNK ELNK EarthLink, Inc. (stock symbol) ELNK Ethernet Link ) today announced that Dan Moffat is leaving as president of New Edge Networks, the company he co-founded in 1999 and acquired by EarthLink in April 2006. This becomes effective September 1. Moffat plans to take a personal break for travel before pursuing his interest in leading small, privately owned companies. "Dan led New Edge Networks to remarkable growth through one of the toughest economic and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industry downturns in recent history. He leaves a strong foundation for new revenue growth," said Bill Heys, president of EarthLink's value and small to medium enterprises business unit. "Today, New Edge Networks has a strong team, unique national network called BigFoot, proprietary systems, and know-how for building and managing multi-location business networks," Heys said. "New Edge Networks is an important part of EarthLink's focus on growth as a total communications provider." Reporting to Bill Heys, Linda Beck, executive vice president and general manager of business solutions for EarthLink, will oversee operations at New Edge Networks until the company names a permanent successor. "New Edge Networks is well positioned to enter its next phase of growth with corporate and financial backing from EarthLink. A number of aggressive sales and marketing initiatives and network improvements are already underway," Moffat said. "I want to thank all employees and selling partners for their individual and collective contributions to help New Edge Networks grow from zero to $133 million a year in revenue in seven years." EarthLink acquired New Edge Networks on April 13, 2006 and now operates New Edge Networks as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . New Edge Networks continues to be based in Vancouver, Wash. About New Edge Networks New Edge Networks builds and manages private networks for businesses and communications providers. Through its nationwide backbone network A backbone network provides a path for the exchange of information between different LANs or subnetworks.[1] A backbone can tie together diverse networks in the same building, in different buildings in a campus environment, or over wide areas. with about 900 switches and Internet routers (1) A router in the Internet that forwards IP packets between local, regional and national providers. Same as "IP router." (2) (InterNet Router) Macintosh software from Apple that internetworks different access methods (LocalTalk, EtherTalk, TokenTalk, etc. , New Edge Networks uses various access technologies (xDSL, frame relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. , ATM, cable, wireless, and satellite) for providing broadband connectivity at any business address in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Network options include any combination of access and network management functions. Based in Vancouver, Wash., New Edge Networks is a wholly-owned subsidiary of EarthLink Inc. (NASDQ:ELNK). The company's Web site is www.newedgenetworks.com. Telephone: 360-693-9009. |
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