Network Installation Appoints New CFO
March 17 2005 - 4:05PM
PR Newswire (US)
Network Installation Appoints New CFO IRVINE, Calif., March 17
/PRNewswire-FirstCall/ -- Network Installation Corp. (OTC:NWKI)
(BULLETIN BOARD: NWKI) today announced that it has appointed
Michael Rosenthal as its new Chief Financial Officer. Network
Installation CEO Jeffrey Hultman stated, "In my career I've led two
companies through rapid growth during a relatively short time span.
One of the most critical keys to success during this period is
implementing sound financial controls, planning and modeling. With
Mike on board, I am supremely confident we have an individual who
can lead this effort." He added, "Historically, we've achieved
significant accomplishments working together and see no reason why
we cannot replicate our past successes with Network Installation."
Incoming CFO Michael Rosenthal commented, "I am truly excited to be
back working with Jeff and joining the management team at Network
Installation. I believe we are properly positioned to exploit the
rapid growth of the wireless communication marketplace and look
forward to meeting the challenges ahead." About Michael Rosenthal
From 2003-04 Michael Rosenthal served as CFO for EdgeFocus, Inc. a
start-up broadband company, which offers high-speed Wi-Fi internet
access to apartment residents. The company's apartment communities
are primarily owned by large REITs including AIMCO, Archstone, and
Equity Residential. During his tenure, the company was launched
from infancy to within several months of reaching self-sustainable
cash flow. As VP/General Manager and Director of Cellular One,
Texas Region from 1999-2002, Mr. Rosenthal was responsible for all
operations and build-out of 3 adjacent rural/suburban markets in
Texas with over 1M POPs from the Gulf of Mexico to North Texas and
into East and West Texas, including 15 retail stores. Functions
included sales management, P&L accountability, marketing,
operations/control, staffing, providing direction and feedback to
network engineering, selecting and building retail stores, and
building direct and indirect sales channels. During 2000 and 2001,
the Texas Region produced nearly 200% of plan, which measures
EBITDA, churn, gross ads, ARPU, and COA. His 2002 EBITDA budget was
over $85 million while managing over 100 employees. From 1989-1998
Mr. Rosenthal served in several positions including Executive
Director with Primco PCS JV and Airtouch Cellular (both now Verizon
Wireless) where he was responsible for coverage strategy, affiliate
and roaming partner negotiations, capital allocation strategy, and
evaluation of resale. During his tenure he successfully negotiated
the company's first roaming contracts and launched dual-mode
roaming capability with all major carriers, e.g., GTE, RBOCs, etc.
PrimeCo had not had any roaming prior to this roll out. Mr.
Rosenthal received a B.S. in Economics and his M.B.A. in Finance
from Arizona State University and his M.A. in Telecommunications
from George Washington University. He also successfully completed
the Stanford University Executive Program in Advanced Management.
About Network Installation Network Installation Corp. provides
communications solutions to the Fortune 1000, Government Agencies,
Municipalities, K-12 and Universities and Multiple Property Owners.
These solutions include the design, installation and deployment of
data, voice and video networks as well as wireless networks
including Wi-Fi and WiMax applications and integrated
telecommunications solutions including Voice over Internet Protocol
(VoIP) applications. To find out more about Network Installation
Corp. (OTC:NWKI) (BULLETIN BOARD: NWKI) , visit our corporate
website at http://www.networkinstallationcorp.net/. The Company's
public financial information and filings can be viewed at
http://www.sec.gov/. Forward-Looking Statements This release
contains forward-looking statements, including, without limitation,
statements concerning our business and possible or assumed future
results of operations. Our actual results could differ materially
from those anticipated in the forward-looking statements for many
reasons including: our ability to continue as a going concern,
adverse economic changes affecting markets we serve; competition in
our markets and industry segments; our timing and the profitability
of entering new markets; greater than expected costs, customer
acceptance of wireless networks or difficulties related to our
integration of the businesses we may acquire; and other risks and
uncertainties as may be detailed from time to time in our public
announcements and SEC filings. Although we believe the expectations
reflected in the forward-looking statements are reasonable, they
relate only to events as of the date on which the statements are
made, and our future results, levels of activity, performance or
achievements may not meet these expectations. We do not intend to
update any of the forward-looking statements after the date of this
document to conform these statements to actual results or to
changes in our expectations, except as required by law. For further
information, please contact: Michael Novielli, Chairman, Network
Installation Corp., , ph (845) 575-6770. DATASOURCE: Network
Installation Corp. CONTACT: Michael Novielli, Chairman, Network
Installation Corp., +1-845-575-6770, Web site:
http://www.networkinstallationcorp.net/
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