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Steve Phillips Joins IPC From Syntegra.

NEW YORK--(BUSINESS WIRE)--July 5, 1999--

IPC Information Systems, Inc., a leading provider of financial trading services worldwide and a subsidiary of IPC Communications, Inc. (AMEX: IPI), today announced that Steve Phillips has joined IPC as Managing Director, Asia Pacific. Mr. Phillips joins IPC from Syntegra, Japan where he was employed as Business Development Manager based out of Tokyo.

Mr. Phillips has over 30 years of experience worldwide in the telecommunications business. He began his career in the United Kingdom with British Telecom and brings to IPC a broad, global perspective gained from 16 years of experience in Europe, four in North America, and over ten in the Far East.

Bill Lavery, President of IPC's Trading Systems Division, said, "We believe Steve will be an enormous asset to IPC as we continue our penetration of the Pacific Rim. His expertise in telecommunications, coupled with his broad, global understanding of the financial community, is an unbeatable combination."

"I'm very excited to be joining IPC in Asia Pacific at this time of growth in the region. I intend to build on the success IPC enjoys from its direct operation in Hong Kong, strengthen ties with their established distribution network and take full advantage of (IPC's subsidiary) IXnet network benefits," commented Mr. Phillips.

IPC Information Systems, Inc., a subsidiary of IPC Communications (AMEX:IPI), is a world leader in the delivery of integrated multimedia communications solutions to the financial trading industry. IPC serves customers in more than 35 countries. Its patented digital TRADENET MX(R) turret is the most widely installed voice trading system in the world. With its subsidiary, IXnet, IPC has created the first global virtual private network, connecting trading companies with customers and counterparts around the world.

In addition, IPC installs and maintains communications cable infrastructure, call logging systems, communication integration services, and complete customer care programs. IPC Information Systems, Inc. is a partially owned subsidiary of Cable Systems Holding LLC. For more information visit IPC's Web site at www.ipc.com.

This press release may include information presented which contains forward-looking information, including statements regarding strategic direction. These comments constitute forward looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995), which involve significant risks and uncertainties. Actual results may differ materially from the information discussed in these forward looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements are general economic conditions, competition, potential technology changes, changes in or the lack of anticipated changes in the regulatory environment in various countries, the ability to secure partnership or joint-venture relationships with other entities, the ability to raise additional capital to finance expansion, and the risks inherent in new product and service introductions and the entry into new geographic markets.
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 5, 1999
Words:470
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