Wavve Announces Changes to the Company's Board of Directors.Business Editors SACRAMENTO, Calif.--(BUSINESS WIRE)--Sept. 5, 2000 Reorganization Will Allow the Company to Leverage the Management and Industry Talents of Strategic and Financing Partner Industry Representatives Wavve(TM) Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). :WV.) today announced a reorganization of the Company's board of directors. The reorganization is in line with Wavve's strategic effort to provide for an increase in the presence of industry representation from strategic and financing partners as outlined at Wavve's Annual Stockholders' Meeting held in June of this year. As part of this strategic effort, board members Mauro Coppola and Serafino Iacono have voluntarily resigned their seats on Wavve's board of directors. "We gratefully acknowledge the invaluable service and leadership provided by the original Gran Colombia Gran Colombia Former South American republic (1819–30). Formerly the Viceroyalty of New Granada, it included roughly the modern nations of Colombia, Panama, Venezuela, and Ecuador. board members in getting Wavve to this point in time. As we strive to reach new milestones for this Company, we look forward to leveraging the industry and management knowledge and expertise of new board members," said Bob Ingraham, Wavve's president and COO. "We have reserved three board seats on Wavve's new board of directors for our future strategic and equity partners in anticipation of their requirement for representation on our board." As an outcome of this reorganization, Bob Ingraham has been appointed Chairman of the Board. In an effort to provide the new board with input from Wavve's executive management team, Mr. Ingraham has appointed Patrick Feeney a seat on the Company's board of directors. Patrick Feeney, Wavve's vice president of site planning Site planning in landscape architecture and architecture refers to the organizational stage of the landscape design process. It involves the organization of land use zoning, access, circulation, privacy, security, shelter, land drainage, and other factors. , acquisitions and management, brings more than 20 years experience in design, construction and operations for national corporations developing large mission-critical expansion projects, data centers and call centers. Prior to joining Wavve, he was director of design and construction and Charles Schwab Charles Schwab can refer to:
"I look forward to the contributions that Patrick will provide to the new board. As Wavve continues to expand its Internet Data Center footprint, his impressive knowledge of Internet Data Center technology and infrastructure will provide the new board of directors with invaluable insight," said Ingraham. Wavve expects to announce the addition of the new Board members in the fourth quarter of 2000. About Wavve Telecommunications, Inc. Wavve Telecommunications is a leading provider of colocation, network connectivity, Internet and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality . Wavve also offers value-added end-to-end application services See ASP and Web services. including web and content hosting, virtual ISP An ISP that uses the facilities and services (servers, switches, backbone, etc.) of a large ISP, but retains its own branding for marketing and billing purposes. Virtual ISPs are often formed to target a specific group, whether by location, profession, language or other subject of common services, e-commerce and e-business applications to enterprise, industrial, and 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. customers with mission-critical businesses and operations. By outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. web-based infrastructure and application systems to Wavve, our customers can maintain strategic focus on their core business while leveraging the power of the Internet. For more information about Wavve and our services, please visit us at www.wavve.com or call 916.340.6400. This release may contain 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 involve risks and uncertainties. These statements may involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company or industry results to be materially different from any future results, performance, or achievement expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, demographic changes, regulation, major technology changes, timing of product introductions, competition, and the ability of the Company to attract and retain key employees. |
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