Inphonic (NASDAQ:INPC)
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InPhonic, Inc. (NASDAQ:INPC), a leading online seller of
wireless services and products, announced the addition of two seasoned
veterans to InPhonic's accounting department. Their addition brings
more than 30 years of financial experience at publicly-traded
companies, regulatory agencies and accounting firms. Both joined the
Company in October and in addition to other responsibilities will
divide and assume the day to day responsibilities of our former chief
accounting officer.
"Both George and Jim are integral additions to InPhonic's
accounting group and a great complement to an already experienced
team," said InPhonic's Chief Financial Officer Lawrence S. Winkler.
"Their extensive experience will serve both the Company's strategic
initiatives and provide substantial controls to our ongoing businesses
and financial reporting requirements."
George Moratis will serve as InPhonic's Senior Vice President for
Financial Reporting & Analysis. Prior to InPhonic, Mr. Moratis served
as Senior Vice President and Treasurer of USA Mobility in Alexandria,
Virginia. Mr. Moratis was Chief Financial Officer, Treasurer and
Principal Accounting Officer of Metrocall Holdings until its
acquisition by USA Mobility in November 2004. Since 1998, Mr. Moratis
had served as a vice president and later, senior vice president within
Metrocall's finance group until his appointment as CFO in 2003. Prior
to joining Metrocall, Mr. Moratis spent several years with MCI
Communications Corporation, the Securities and Exchange Commission,
and Deloitte & Touche in several different roles. A graduate of the
University of Pittsburgh, Mr. Moratis holds a degree in
Business/Economics, and is a certified public accountant.
Jim Vedder will serve as InPhonic's Corporate Controller and Vice
President. Prior to InPhonic, Mr. Vedder served as a Senior Director
of Finance for Tandberg ASA and Chief Financial Officer of Tandberg
Americas. Before Tandberg, he worked as Director of External Reporting
for The AES Corporation, and in various accounting and finance roles
with several telecommunications companies, including Global
TeleSystems Group and MCT Corporation. Mr. Vedder began his career at
PricewaterhouseCoopers where he worked on a variety of client service
engagements including audits, capital market transactions and mergers
& acquisitions. A graduate of Indiana University of Pennsylvania, Mr.
Vedder holds dual degrees in Accounting and Finance, and is a
certified public accountant.
About InPhonic
Headquartered in Washington, D.C., InPhonic, Inc. (NASDAQ:INPC) is
a leading online seller of wireless services and products. InPhonic
sells these services and devices, and provides world-class customer
service through websites that it creates and manages for online
businesses, national retailers, member-based organizations and
associations under their own brands. InPhonic also operates Wirefly
(www.wirefly.com), a leading one-stop comparison mobile phones and
wireless plans shopping site that has been awarded "Best of the Web"
by Forbes magazine and "Best in Overall Customer Experience" by
Keynote Performance Systems. InPhonic also delivers a full range of
mobility solutions to enterprise clients through its Mobile Virtual
Network Enablement (MVNE) platform. In 2004, InPhonic was selected #1
company of the year on the Inc. 500 - Inc. Magazine's list of the
fastest-growing privately held companies in the United States. More
recently, InPhonic was named T-Mobile's Internet Partner of the Year
for 2004. For more information on the company, its products and
services, visit the InPhonic Corporate Web site at www.inphonic.com.
INPCG
"Safe Harbor" Statement - Under the Private Securities Litigation
Reform Act of 1995, this press release may contain forward-looking
statements that involve risks and uncertainties. Important factors,
which could cause actual operating results to differ materially from
those in the forward-looking statements, are detailed in filings with
the Securities and Exchange Commission made from time to time by the
Company. This press release and statements are current as of the date
of the individual announcements and the Company undertakes no
obligation to publicly release any revisions to any forward-looking
statement to reflect events or circumstances after the date thereof or
to reflect the occurrence of unanticipated events.