Epixtar Adds Directors and Officers

Tuesday, June 17, 2003 - 9:00 am ET

Promotes COO to President and Director, Names Attorney to Board, Appoints CEO of Subsidiaries

MIAMI - June 17 /PRNewswire-FirstCall/ - Epixtar Corp. (OTC Bulletin Board: EPXR - News) today announced that the current board unanimously approved a motion to increase board seats from four to six.

"As our business model expands, the need for diversity of ideas has never been greater," said Martin Miller, chairman and CEO of Epixtar.

The two new board seats were filled by ascent of the current board with members who will serve through the next annual shareholders meeting. The first appointed member is Kenneth Elan of New York. Elan, 50, is an attorney specializing in commercial litigation with extensive experience in the prosecution and defense of complex corporate and securities cases. Elan is a member of the New York County Lawyers Association and formerly a member of its Committee on Corporation Law. He was an Adjunct Professor in the Accounting Department of the City of New York (Queens College) for more than 12 years. Elan received his juris doctor from the University of Baltimore School of Law in 1977. He is the former law colleague of Epixtar General Counsel, Michael D. DiGiovanna.

The second appointed member is David Srour of Weston, Florida. Srour, 42, joined Epixtar in November 2001, becoming chief operating officer of Epixtar Corp. Previously, a manager at Ernst & Young Consulting and a senior manager at KPMG Consulting, Inc., he led client service teams in the implementation of Internet-based technologies for clients General Motors, Simon Property Group and Lehman Brothers. Srour, a graduate of the Syracuse University School of Management, has also been named president of Epixtar Corp., the holding entity of all Epixtar subsidiaries.

Finally, in order to distinguish the Epixtar product line companies (ISP, telecom etc.) from new business process outsourcing (BPO) and telesales companies, the board named William Rhodes president and chief executive officer of Epixtar Group, Inc. the newly established holding company for Epixtar's product line companies, as well as interim president and chief executive officer of Epixtar BPO Services, Inc., the holding entity for Epixtar Marketing Services and related international call centers.

Rhodes, an Epixtar director since January 2001, has lead the ISP and telecom service companies to over $27 million in revenue in Epixtar's last reported fiscal year (2002). Rhodes, 52, resides in Davie, Florida. He was previously a director of dealer and international sales for Rockwell International, a company he served for more than 20 years. Rhodes earned his master's degree in electrical engineering from the University of Missouri.

"Epixtar's continued success is intimately linked to our ability to operate with strategic insight and wisdom," said Irving Greenman, Epixtar Corp.'s chief financial officer and member of the board of directors. "These gentlemen will expertly serve Epixtar both from the inside and the outside. We surely benefit from their knowledge and experience."

About Epixtar Corp.
Epixtar is a provider of marketing services -- aggregating contact center capacity and robust infrastructure to deliver comprehensive, turnkey solutions. From campaign design through ongoing management, Epixtar delivers value-driven, creative solutions for telesales initiatives. Epixtar combines global capacity with innovative performance-based compensation and proven methodology to deliver highly successful marketing campaigns. Leading companies use Epixtar's marketing expertise and contact center capacity to acquire, support, and enhance the customer experience, reduce costs and generate top-line revenue. Based in Miami, Florida, Epixtar conducts operations throughout the Caribbean Basin, Asia Pacific and the United States.

Safe Harbor Statement
This release contains statements about expected future events and financial results that are forward looking. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Actual results could be affected by a downturn in the economy, new competitive products, slower rate of growth in member base, higher than anticipated cancellations, unforeseen expenses, or technical failure related to self generating web site development or inability to scale server capacity to meet demand. Forward looking statements include the information concerning our possible or assumed future results of operations. Forward looking statements also include those preceded or followed by the words: "anticipates," "believes," "estimates," "hopes" or similar expressions. For those statements, we claim the protection of the safe harbor for forward looking statements contained in the Private Securities Litigation Reform Act of 1995.

Source
EPIXTAR CORP.




 

Copyright 2005 © Epixtar Corp. All rights reserved.