Fusion Telecommunications Hires Network 1 Financial Securities, Inc. for Investor Relations & Advisory Services
March 12 2009 - 12:38PM
PR Newswire (US)
NEW YORK, March 12 /PRNewswire-FirstCall/ -- Fusion (NYSE Alternext
US: FSN) today announced the engagement of Network 1 Financial
Securities, Inc. to provide investor relations and financial
advisory services. Network 1 Financial Securities, Inc. is
headquartered in Red Bank, New Jersey and is an independent
full-service securities firm and a registered broker dealer. "We
look forward to working with Fusion to raise awareness of their
compelling strategy. We have had significant experience in the
telecommunications and technology industry and believe we can help
the company position itself more effectively in the capital markets
and bring new client opportunities," commented Damon Testaverde,
Managing Director for Network 1 Financial Securities, Inc. Fusion
is in the process of refining its business strategy in an effort to
focus on its most profitable product offerings and to accelerate
its achievement of positive adjusted EBITDA. Fusion's comprehensive
product portfolio is designed to drive cost savings and
efficiencies for its clients, which is timely given the challenging
economic environment and the need for companies to cut costs. The
Company's new investor relations strategy will help to communicate
the company's progress in a timely and effective manner. About
Fusion: Fusion is a new breed of communications carrier, dedicated
to providing a full range of advanced IP-based voice and data
solutions to corporate and carrier customers worldwide. The Company
provides hosted IP-PBX applications, SIP trunking, voice
termination, private networks, Internet access and a suite of
additional enhanced features and services. For more information,
please go to http://www.fusiontel.com/. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050705/NYTU073LOGO )
Statements in this Press Release that are not purely historical
facts, including statements regarding Fusion's beliefs,
expectations, intentions or strategies for the future, may be
"forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. All forward-looking statements
involve a number of risks and uncertainties that could cause actual
results to differ materially from the plans, intentions and
expectations reflected in or suggested by the forward-looking
statements. Such risks and uncertainties include, among others,
introduction of products in a timely fashion, market acceptance of
new products, cost increases, fluctuations in and obsolescence of
inventory, price and product competition, availability of labor and
materials, development of new third-party products and techniques
that render Fusion's products obsolete, delays in obtaining
regulatory approvals, potential product recalls and litigation.
Risk factors, cautionary statements and other conditions which
could cause Fusion's actual results to differ from management's
current expectations are contained in Fusion's filings with the
Securities and Exchange Commission and available through
http://www.sec.gov/. FUSION Philip Turits, Secretary &
Treasurer CONTACT: 212-201-2407 NETWORK 1 Damon Testaverde,
Managing Director FINANCIAL 732-758-9001 SECURITIES CONTACT:
http://www.newscom.com/cgi-bin/prnh/20050705/NYTU073LOGO
http://photoarchive.ap.org/ DATASOURCE: Fusion CONTACT: Philip
Turits, Secretary & Treasurer of Fusion, +1-212-201-2407, ; or
Damon Testaverde, Managing Director of Network 1 Financial
Securities, +1-732-758-9001, Web Site: http://www.fusiontel.com/
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