First Avenue (NASDAQ:FRNS)
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First Avenue Networks (NASDAQ: FRNS), a fixed wireless
services provider, today announced that it has appointed Michael Casey
to vice president of sales; Arthur Folker as vice president of
corporate development and product marketing; Robert Beran to senior
vice president of operations and Thomas Scott to the position of chief
financial officer. These appointments bolster the company's long-term
strategy to scale network services, operations and corporate
development in support of new and existing customer segments.
"First Avenue Networks is committed to becoming a leader in
wireless backhaul and network communications for mobile operators,
fixed-line service providers and government agencies," said Mike
Gallagher, president and chief executive officer of First Avenue
Networks. "We've brought together a team of proven executive managers
to scale our company as we build networks and add services across the
U.S."
Michael P. Casey, Vice President of Sales
Michael Casey joins the company from Flarion Technologies, Inc.,
where he was the vice president of sales for North America. While at
Flarion, Mr. Casey built a team of sales and systems engineering
talent and successfully introduced Flarion to leading mobile
operators. Prior to joining Flarion, he was the vice president of
Nortel Networks IP Services Business Unit, developed as part of the
Shasta Networks acquisition. While at Nortel/Shasta, Mr. Casey built
sales teams in support of new and existing customer segments. Before
joining Nortel Networks, he held senior sales management positions at
Bay Networks. Mr. Casey has 17 years of proven sales leadership and
expertise in the wireless and wire-line telecommunications industry.
Arthur D. Folker, Vice President of Corporate Development and
Product Marketing
Arthur Folker joins the company from WholeSecurity where he was
the vice president of business development. Previously, Mr. Folker
held senior management positions with Intel, Network Equipment
Technologies (N.E.T.), Sync Research and Adaptec. Mr. Folker has 25
years of sales and marketing leadership experience in
telecommunications, networking, computer systems and software.
In his new role, Robert Beran will manage the company's day-to-day
business operations. Mr. Beran's team will play an integral part of
the company's plan to build, service and maintain world-class fixed
wireless networks. Prior to joining the company in 2005, he held
executive management positions at GE and Bell Atlantic/Verizon. Mr.
Beran has over 20 years of leadership experience in the
telecommunications sector.
Thomas A. Scott, Chief Financial Officer
Thomas Scott has been promoted to chief financial officer
effective March 16, 2006. Mr. Scott joined the company in late 2005.
Previously, he served as a consultant to the wireless
telecommunications industry in several interim senior management
roles, including president and chief financial officer at Teligent,
Inc. Prior to Teligent, Mr. Scott worked for Winstar Communications'
corporate development group. He previously held investment-banking
positions with Montgomery Securities (Banc of America Securities),
Thomas Weisel Partners and Merrill Lynch.
On March 15, 2006, Sandra G. Thomas' resignation as chief
financial officer becomes effective.
"Sandra Thomas has been a tremendous asset to First Avenue
Networks," Gallagher continued. "Her financial acumen enabled the
company to reach many important milestones. She built a great team
that is paying enormous dividends preparing the company to achieve
Sarbanes-Oxley compliance. The company expects to file its 10K by
March 15 and Sandra has agreed to support the company through this
event. We thank her for her commitment and service and wish her luck
in all of her future endeavors."
Joseph M. Sandri, senior vice president and president, First
Avenue Network Solutions, and Louis R. Olsen, senior vice president of
engineering, will continue with their current roles and
responsibilities.
About First Avenue Networks
First Avenue Networks (NASDAQ: FRNS) is a leader in delivering
wireless transport services to cellular carriers, service providers
and government suppliers and agencies. First Avenue provides wireless
backhaul and Carrier Ethernet services over its licensed spectrum
footprint, which includes nationwide 24 GHz and 39 GHz holdings. For
further details, visit http://www.firstavenet.com/ or call (703)
725-7625.
The above information includes forward-looking statements
regarding the benefits of the announced executive appointments,
securities trading and the provision of services by the Company and
other opportunities in the Company's marketplace. These statements are
not guarantees of future performance. Known and unknown risks,
uncertainties, and other factors, including without limitation, the
risk that capital constraints, changes to or failure to execute the
Company's strategy and business plan, non-renewal or revocation of FCC
licenses, variable customer demand, technological risks, ability to
manage growth, competition and government regulation and other risks
may cause actual results to differ materially from the future results
implied or expressed in the forward-looking statements. Many of these
risks and uncertainties are further discussed in our most recent
filings with the Securities and Exchange Commission, including our
annual report on Form 10-K for the fiscal year ended December 31,
2004. The Company does not undertake to and expressly disclaims any
obligation to update or revise its forward-looking statement publicly
to reflect any change in these forward-looking statements, or in
events, conditions or circumstances on which any such statements may
be based, or that may affect the likelihood that actual results will
differ from those set forth in the forward-looking statements.