GRAND RAPIDS, Mich., July 15 /PRNewswire-FirstCall/ -- BestNet
Communications Corporation (OTC Bulletin Board: BESC) announced that its board
of directors has accepted the resignation of Robert A. Blanchard, President
and CEO, effective immediately. Mr. Blanchard will remain a director for a
three month transition period. The company said its board had voted to appoint
Richard Bourke, 58, current Chairman of the Board, as interim CEO
Stanley L. Schloz, a BestNet director, said, "The board wishes to express
its thanks for the many contributions made by Robert Blanchard during his
tenure as President and CEO. His was instrumental in helping BestNet build its
proprietary technology platform and creating strong internal growth over the
last 12 months. We wish him well in his future endeavors."
Mr. Blanchard stated "It has been an honor and privilege to have the
opportunity to provide leadership to BestNet during my tenure, and I look
forward to assisting the company with the transition over the coming months."
Richard Bourke said, "We understand the rapidly changing world of
telecommunications services. While BestNet will continue to provide the
highest quality, lowest cost and simplest solution to international calling,
we will expand our product offerings to emphasize seamless business-to-
business solutions through our recently completed Applications Program
Interface (API). In addition, BestNet is uniquely position to take advantage
of the international convergence of wireless and fixed line services. Our
management team is committed to develop and implement strategies focused on
value-added business solutions arising from our patented and proprietary
technology."
Mr. Bourke is a General Partner of Katsinam Partners, LP, an investment
fund focused on micro and small-cap public companies located in Scottsdale,
Arizona. Mr. Bourke has been Chairman of BestNet since October 2003. From July
2000 to December 2002, he was director and officer of Traffic Technology, Inc.
a public company commercializing patented traffic signal technology. In 1998,
he founded National Integrative Medicine, Inc. a startup healthcare services
company. From 1994 to 1997, Mr. Bourke was Executive Vice-President and CFO of
The Little Gym International, Inc. Prior to this he was involved in investment
banking and venture capital. He has also held officer positions in
entrepreneurial companies across several industries, including retail,
services, manufacturing and industrial products. He holds a BA from
Northwestern University and an MBA from Columbia University.
About BestNet
BestNet Communications is a global solutions provider of long distance;
conference calling, ClicktoPhone and custom application-based communication
services. BestNet's services are accessed worldwide via the Internet and
wireless devices and are delivered using standard phone lines and equipment.
This results in a cost effective high quality service for both businesses and
consumers.
Under the brand name Bestnetcall(TM) (http://www.bestnetcall.com) the patented
services offer subscribers premium quality calls and conference calling, at
significantly lower rates. Calls and conference calls can also be launched via
a desktop application or handheld devices including Palm(TM), Pocket PC(R) and
Blackberry(TM) and used with any standard or wireless phone. In addition the
company's new ClicktoPhone(TM) service (http://www.ClicktoPhone.com) enables clients
to add secure and anonymous voice communication connectivity anywhere in the
world to web sites, web banners, pictures, electronic documents, and
customized e-mail calling buttons.
Contact BestNet at: investors@bestnetcom.com
This release contains forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended, which are
intended to be covered by the "safe harbor" created thereby. These statements
include the plans and objectives of management for future operations,
including plans and objectives. The forward-looking statements herein are
based on current expectations that involve judgments with respect to, among
other things, future economic, competitive and market conditions and future
business decisions, all of which are difficult or impossible to predict
accurately and many of which are beyond control of the company. Although the
company believes that the assumptions underlying the forward-looking
statements are reasonable, any one of the assumptions could be inaccurate and,
therefore, can be no assurance that the forward-looking statements included in
this release will prove to be accurate.
SOURCE BestNet Communications
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Related links:
http://www.bestnetcom.com
CONTACT:
BestNet, +1-616-977-9933,
investors@bestnetcom.com
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