Network Installation Announces New Management Appointment
November 11 2005 - 7:31AM
PR Newswire (US)
IRVINE, Calif., Nov. 11 /PRNewswire-FirstCall/ -- Network
Installation Corp. (OTC:NWKI) (BULLETIN BOARD: NWKI) , today
announced that its CFO Michael V. Rosenthal has been appointed to
the position of President and COO of Kelley Technologies, the
Company's recently acquired subsidiary. Mr. Rosenthal will serve as
Network Installation interim CFO until a suitable replacement has
been identified. Network Installation CEO Jeffery Hultman stated,
"As a result of our two most recent acquisitions, we have carefully
begun to assess our path to achieving scale quickly, but
efficiently. Given Mike's tremendous operational background in
addition to his financial talents, we believe that he is the ideal
choice to manage the growth we are forecasting for Kelley
Technologies." He added, "Mike Rosenthal's role fits perfectly
alongside that of Mike Kelley, who as founder and CEO of Kelley
Technologies, will continue to be responsible for Kelley's business
development efforts." Mike Rosenthal stated, "Since I joined
Network Installation as CFO eight months ago, I am amazed at the
significant progress we've made in such a short period of time.
We've made two key acquisitions which have increased our annual
revenue from $1.9 million in 2004, to a run-rate that would result
in approximately $22 million in 2005. Having achieved great success
working with Jeff in the past, I have no doubt that we are poised
to realize additional major accomplishments in the coming future."
Mr. Rosenthal was appointed CFO of Network Installation Corp. in
March 2005. During 2003-04, Mr. Rosenthal served as CFO for
EdgeFocus, Inc., a start-up wireless broadband company which
offered high-speed Wi-Fi internet access to apartment residents. In
July of 2005, EdgeFocus was successfully sold to MDU Logix. From
1999-2002, as VP/General Manager of the Texas Region for Cellular
One, Mr. Rosenthal was responsible for all operations and build-out
of 3 adjacent markets in Texas stretching from the Gulf of Mexico
to North Texas and into East and West Texas. During 2000 and 2001,
the Texas Region produced nearly 200% of plan, which measured
EBITDA, churn, gross ads, ARPU, and COA. His 2002 EBITDA budget was
over $85 million while managing over 100 employees. From 1989 to
1998 Mr. Rosenthal served in several positions, including Executive
Director with the PrimeCo PCS JV and AirTouch Cellular (both now
Verizon Wireless). During his tenure he successfully negotiated
PrimeCo's first roaming contracts and launched dual-mode roaming
capability with all major carriers. Mr. Rosenthal received a M.B.A.
in Finance from The W.P. Carey School at Arizona State University
and a M.A. in Telecommunications from George Washington University.
In addition, he received a B.S. in Economics from Arizona State
University. He also successfully completed the Stanford University
Executive Program in Advanced Management. About Network
Installation Network Installation Corp. is single source provider
of communications infrastructure, specializing in the design,
installation, deployment and integration of specialty systems and
computer networks. Through its wholly-owned subsidiaries, Kelley
Technologies, Spectrum Communications and Com Services, Network
Installation Corp. provides its services to the following customers
and industries; U.S. Dept. of Homeland Security, Gaming &
Casinos, U.S. Government & Military, local and regional
municipalities, Healthcare and Education. To find out more about
Network Installation Corp. (OTC:NWKI) (BULLETIN BOARD: NWKI) or its
subsidiaries, please visit http://www.networkinstallationcorp.net/,
http://www.kccinc.com/ or http://www.spectrumccsi.com/. 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 Jeffrey R. Hultman, Chairman and CEO
Network Installation Corp., , ph (949) 753-7551. DATASOURCE:
Network Installation Corp. CONTACT: Jeffrey R. Hultman, Chairman
and CEO of Network Installation Corp., +1-949-753-7551, Web site:
http://www.networkinstallationcorp.net/ http://www.kccinc.com/
http://www.spectrumccsi.com/ http://www.sec.gov/
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