AT&T Exec is a 29-Year Veteran with Proven Expertise in CLEC Operations
PROVIDENCE, R.I., Jan. 6 /PRNewswire/ -- Log On America, Inc.
(Nasdaq: LOAX), a rapidly growing Competitive Local Exchange Carrier ("CLEC")
providing Digital Subscriber Lines ("DSL") and integrated communications
solutions in the Northeast, today announced the appointment of AT&T executive
Charles F. Cleary to the newly created position of Chief Operating Officer.
Charles Cleary will direct Log On America's day-to-day business and
technical operations, and the expansion of the company's sales, marketing and
advertising efforts. Cleary will also be responsible for Log On America's
planned $100 million high-speed Northeast broadband communications network
buildout.
Cleary, 52 years old, is a 29-year veteran of the communications industry
with a proven expertise in CLEC operations. Cleary most recently served as
Area Vice President and General Manager of AT&T Growth Markets in the Greater
Philadelphia Region, one of AT&T's (NYSE: T) largest and top 3 fastest growing
units. He was previously Regional Vice President of Teleport Communications
Group, America's first CLEC, which was sold to AT&T shortly after going public
for approximately $11 billion. Cleary earlier held executive positions with
other blue chip communications companies including Metromedia Communications
Corporation and ITT Communications Services. Cleary has an M.B.A. in
Marketing and a B.A. in Economics from LaSalle University.
David Paolo, Chairman and CEO of Log On America, said, "Charles is a great
addition to Log On America's already solid management team as the company
enters the next phase of its continued rapid growth and development. His
intimate knowledge of the CLEC market and proven ability to build world-class
organizations will help Log On America capitalize on the many growth
opportunities in front of us."
Last month, Nortel Networks confirmed a $5 million equity investment in
Log On America, which approximately represents a 3.1% stake in the company.
The investment is part of an agreement under which Log On America will
buildout a high-speed network across New England with Nortel Networks
end-to-end data networking solutions. The agreement also calls for
Nortel Networks to provide Log On America with a $45 million multiple advance
term loan facility.
About Log On America
Log On America, Inc. is a Northeast Regional Competitive Local Exchange
Carrier ("CLEC") and Information/Internet Service Provider ("IISP"), providing
local dial tone, in-state toll, long distance, high-speed Internet access and
cable programming solutions over traditional copper wire using DSL technology
to residential and commercial clients throughout the Northeast. For more
information on Log On America, please see our Web site at http://www.loa.com .
Contacts:
Investors: David Pasquale, 917-639-4277 Media: Connie Lee, 917-639-4112
Both with The Ruth Group, http://www.TheRuthGroup.com
Forward-Looking Statements
Statements made in this news release may contain forward-looking
statements concerning the business and products of the company. Actual
results may differ materially depending on a number of risk factors including,
but not limited to, the following: development, shipment, market acceptance
and additional competition from existing and new competitors which will impact
new customers. Other risks inherent in the business of the company are
described in Securities and Exchange Commission filings, including the
company's prospectus on Form SB-2. The company undertakes no obligation to
revise or update any forward-looking statements to reflect events or
circumstances after the date of this release.
SOURCE Log On America, Inc.
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Related links:
http://www.loa.com
CONTACT:
David Pasquale, investors, 917-639-4277, or
Connie Lee, media, 917-639-4112, both of The Ruth Group, for Log
On America, Inc.
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