Preferred Networks Appoints Kathryn Loev Putnam as CFO

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Preferred Networks Appoints Kathryn Loev Putnam as CFO
    ATLANTA, July 21 /PRNewswire/ -- Preferred Networks, Inc. (Nasdaq: PFNT)
(PNI), an outsourcing services provider to the wireless industry, today
announced that Kim Smith Hughes has resigned her position as Chief Financial
Officer.  Kim will be replaced by Kathryn Loev Putnam, who has been appointed
Senior Vice President and Chief Financial Officer.  Ms. Putnam was previously
Vice President of Corporate Development for the Company.
    Mark H. Dunaway, PNI Chairman and Chief Executive Officer, said, "Kim and
her husband have been commuting between Atlanta and Florida for almost two
years and have decided to live in Florida on a full-time basis.  Kim has shown
great dedication and has been an integral part of PNI's growth during recent
years.  Among her many accomplishments is creating a strong financial
management operation within the Company that will enable continuity and a
smooth transition of responsibilities.  We will miss her and wish her the
greatest success in her future endeavors.
    "PNI has an outstanding executive team and we are excited that we are able
to fill the CFO role from within the Company.  Since joining PNI in April
1996, Kathy Putnam has spearheaded our mergers and acquisitions' activities
and has made a significant contribution to our rapid growth and expansion into
new services.  She has shown strong leadership and has been an integral part
of our strategic planning and financing activities.  Kathy has a strong team
in place and I am looking forward to continuing to work with her on building
the future of PNI."
    Preferred Networks, Inc., headquartered in metropolitan Atlanta, provides
outsourcing solutions to the wireless industry which allow companies to offer
branded wireless services directly to subscribers, while relying on PNI to
provide high-quality network, technical, and product services.  PNI offers its
services through its wholesale paging networks as one of the largest carrier's
carriers in the U.S., and through its wholly owned subsidiaries: Preferred
Technical Services, Inc., a provider of paging network equipment installation,
maintenance and engineering services; EPS Wireless, Inc., a national provider
of paging and cellular product repair services, sales of new, used and
refurbished paging and cellular products and inventory management services.
PNI's address on the World Wide Web is: http://www.pni.net.
SOURCE Preferred Networks, Inc.