InPhonic Adds Two Industry Veterans to Accounting Team; InPhonic Names George Moratis and Jim Vedder to Key Management Roles on
November 16 2005 - 7:57AM
Business Wire
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.
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