Mpower Announces Change to Board of Directors
February 17 2006 - 10:15AM
PR Newswire (US)
ROCHESTER, N.Y., Feb. 17 /PRNewswire-FirstCall/ -- Mpower Holding
Corporation (AMEX:MPE), the parent company of Mpower Communications
Corp., a leading provider of data and voice services to retail and
wholesale business customers, today announced that one of its Board
members, Richard L. Shorten, Jr. has resigned from the Board after
forming a new business relationship with a Connecticut-based hedge
fund. Shorten commented, "I have the highest regard for my
colleagues at Mpower, and I will miss working with them. I leave
the Board with supreme confidence that Mpower will continue its
record of operating excellence, and I know that Rolla and the
remainder of the Board will continue to drive value for Mpower
shareholders." "We thank Rich for the guidance and insight he has
provided to the Mpower management team over the past four years,
and wish him well in the future," stated Mpower Chairman and Chief
Executive Officer Rolla P. Huff. Shorten, who joined the Mpower
Board in 2002, has no conflicts with Mpower management or other
Mpower board members. Mpower is conducting a search to fill the
vacant spot on its eight-member Board of Directors. About Mpower
Holding Corporation Founded in 1996, Mpower Holding Corporation
(AMEX:MPE) is the parent company of Mpower Communications, a
leading facilities-based broadband communications provider offering
a full range of data, telephony, Internet access and network
services for retail business and wholesale customers in California,
Nevada and Illinois. Further information about the company can be
found at http://www.mpowercom.com/. Forward-Looking Statements
Under the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, Mpower cautions investors that
certain statements contained in this press release that state our
and/or management's intentions, hopes, beliefs, expectations or
predictions of the future are forward-looking statements.
Management wishes to caution the reader that these forward-looking
statements are not historical facts and are only estimates or
predictions. Actual results may differ materially from those
projected as a result of risks and uncertainties including, but not
limited to, future sales growth, changes in federal or state
telecommunications regulations, market acceptance of our product
and service offerings, the liquidity of our common stock, our
ability to secure adequate financing or equity capital to fund our
operations and network expansion, our ability to manage growth and
maintain a high level of customer service, the performance of our
network and equipment, our ability to enter into strategic
alliances or transactions, the cooperation of incumbent local
exchange carriers in provisioning lines and interconnecting our
equipment, regulatory approval processes, the effect of regulatory
decisions on our access charges and operating costs, changes in
technology, price competition, and other market conditions and
risks detailed from time to time in our filings with the Securities
and Exchange Commission. We undertake no obligation to update
publicly any forward-looking statements, whether as a result of
future events, new information, or otherwise. First Call Analyst:
FCMN Contact: sMcCaffrey@mpowercom.com DATASOURCE: Mpower
Communications Corporation CONTACT: Investors - Gregg Clevenger,
Chief Financial Officer, +1-585- 218-6547, , Media - Michele
Sadwick, Vice President, +1-585-218-6542, , both of Mpower
Communications Corporation Web site: http://www.mpowercom.com/
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