Metro One Appoints James M. Usdan Chief Executive Officer.PORTLAND, Ore. -- Metro One Telecommunications Metro One Telecommunications, Inc. (NASDAQ:INFO) is a provider of directory assistance with call centers located in the United States. It employs 1,640 people. Corporate headquarters are located in Beaverton, Oregon. , Inc. (Nasdaq:INFO) today announced the appointment of James M. Usdan, a director of the Company for ten years, as chief executive officer. Mr. Usdan, an experienced turnaround executive, is the former president, 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. and director of RehabCare Group, Inc. and has led the successful turnaround of several public and private companies. He has also served as a director on the boards of Prime Medical, Inc. and D&K Pharmaceuticals, both public companies, and is on the national advisory boards of The Harvard School of Public Health The Harvard School of Public Health is (colloquially, HSPH) is one of the professional graduate schools of Harvard University. Located in Longwood Area of the Boston, Massachusetts neighborhood of Mission Hill, next to Harvard Medical School and Cambridge, Massachusetts, and Maryville College Maryville College is a private four-year liberal arts college in Maryville, Tennessee, near Knoxville. It was founded in 1819 by Presbyterian minister Isaac L. Anderson for the purpose of furthering education and enlightenment into the West. . "I am excited to lead Metro One's senior management team and am committed to taking the necessary steps to control costs, increase revenue and resume profitable operations." Mr. Usdan succeeds Timothy A. Timmins, who has resigned as president, chief executive officer and director, effective immediately. Roger A. Pringle, a Metro One director since 2003, has also decided to step down, effective immediately. William D. Rutherford Rutherford (rŭth`ərfərd), borough (1990 pop. 17,790), Bergen co., NE N.J., a residential suburb of the New York City–N New Jersey metropolitan area; inc. 1881. Several pre-Revolutionary houses remain there. , Metro One's board chairman said: "We appreciate the services that Mr. Timmins and Mr. Pringle provided to the Company over many years. At the same time, we have confidence in Jim Usdan's extensive turnaround and public company CEO experience to guide Metro One going forward. His demonstrated ability to lead reorganizations in public and private companies is just what Metro One needs at this point in time." About Metro One Telecommunications: Metro One Telecommunications, Inc. is the leading developer and provider of Enhanced Directory Assistance and other enhanced telecom services. The Company operates a network of call centers located strategically throughout the U.S. Infone is Metro One's premium personal assistant telephone service, for which consumers can sign up by visiting www.infone.com or by calling 888-411-1111. Infone(R) is a registered trademark of Metro One Telecommunications, Inc. For more information, please visit www.metro1.com. This press release contains 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. that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including, but not limited to, factors detailed in the Company's Securities and Exchange Commission filings. The forward-looking statements should be considered in light of these risks and uncertainties. |
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