First Avenue (NASDAQ:FRNS)
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Joseph Sandri Joins First Avenue Networks Executive Team
MCLEAN, Va., May 23 /PRNewswire-FirstCall/ -- First Avenue Networks (OTC:FRNS)
(BULLETIN BOARD: FRNS) , a wireless carrier's carrier, today announced that
Joseph M. Sandri, Jr., has joined the company in the dual capacity of senior
vice president and president of the solutions division.
Sandri will be instrumental in structuring, launching and leading First Avenue
Networks Solutions, a division focused on customizing products and services for
the government market. He will also play a lead role in establishing and
operating a spectrum research and development laboratory, as well as managing
First Avenue's overall operations, which provide carriers with cost-effective,
reliable and rapidly deployed fixed wireless solutions for mobile backhaul,
fiber extensions and high-bandwidth connectivity.
Sandri brings over 14 years of fixed wireless industry experience to First
Avenue. His experience includes service on the boards of the Wireless
Communications Association International and the Association for Local
Telecommunications Services (now CompTel/ALTS), in addition to ongoing service
on the U.S. State Department International Telecommunications Advisory
Committee for Radiocommunications. He is president-elect of the Institute for
Communications Law Studies, Columbus School of Law, Catholic University of
America, alumni association. Most recently, he served as the president of IDT
Spectrum, and was senior vice president and regulatory counsel for Winstar/IDT
Solutions.
"Mr. Sandri's depth and breadth of experience in our industry is singular.
There is simply no better qualified person to lead the government and
regulatory initiatives of First Avenue," said Dean Johnson, president and CEO,
First Avenue Networks. "His track record in spearheading important legislation
and spectrum policy demonstrates his vision for the development of fixed
wireless."
"First Avenue Networks has industry leadership grounded in deep spectrum
holdings and technology awareness," said Sandri. "Its focus on growth in fixed
wireless access displays a clear understanding of the network value chain."
About First Avenue Networks
First Avenue Networks (OTC:FRNS) (BULLETIN BOARD: FRNS) is a wireless
carrier's carrier. The company is leading the fixed wireless backhaul and
access evolution by building fixed wireless solutions for mobile backhaul,
bypass and fiber extensions that are cost-effective, reliable and rapidly
deployed.
Since acquiring the 39 GHz licensed spectrum assets of Advanced Radio Telecom
in 2001 and the 24 GHz assets and operations of Teligent in 2005, First Avenue
has amassed the premier collection of millimeter wave spectrum assets in the
United States. It has approximately 1.5 billion channel pops between its 24 GHz
and 39 GHz spectrum licenses. First Avenue offers nationwide coverage and added
depth in major U.S. metropolitan areas, holding nearly 600 MHz of spectrum in
the top 75 U.S. markets. For more information, please visit the company's web
site at http://www.firstavenet.com/ or call (703) 873-4150.
The above information includes forward-looking statements regarding 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, risk that the Company will be adversely affected by 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.
DATASOURCE: First Avenue Networks
CONTACT: Linda Pitt of GAJ Services Inc. for First Avenue Networks,
+1-859-291-1005,
Web Site: http://www.firstavenet.com/