Amedia Networks Appoints Industry Veterans to Board of Directors
Gerald Butters, Bob Martin and Ivan Berkowitz to Help Position Amedia as Leaders in FTTP Market
BROOKLYN, N.Y.--(BUSINESS WIRE)--June 10, 2004--Amedia Networks (OTC BB: AANI, Berlin Stock Exchange: TEJ), a pioneer in the design and development of Ethernet broadband solutions for the communications industry, today announced the addition of three industry luminaries, Gerald Butters, Bob Martin and Ivan Berkowitz, to its Board of Directors. The new directors were elected at the Company's recently held 2004 annual stockholders meeting.
Gerald Butters is a communications industry veteran with 40 years experience. His career encompasses senior executive positions at Nortel Networks (NYSE: NT), AT&T (NYSE: T) and Lucent Technologies (NYSE: LU) including Chairman of the Board of AGCS (a joint venture of GTE and AT&T), and President of NTI (a Nortel Networks US subsidiary). While at AT&T and Lucent, Mr. Butters held several senior executive positions including President, Global Public Networks: President, North American Marketing, Sales and Service: Group President Optical Networking, and Senior Vice President Marketing and Technology. Since retiring in 2000 Mr. Butters has been active in the technology sector serving as a board member and advisor to a number of companies. Mr. Butters is also a Fellow of the International Engineering Consortium (IEC).
Bob Martin, Ph.D. retired as the Chief Technology Officer of Lucent Technologies' Bell Labs in September 2003, a position that he held for seven years. In this role, he helped guide Lucent's direction in next generation networks and in approaches the company used for research and development. His background at Bell Labs and Bellcore included a variety of positions related to large systems development. He has been responsible for UNIX, network management systems, intelligent network systems, packet switching, and broadband access systems developments. Dr. Martin received his Bachelor of Science in Electrical Engineering from Brown University, and his Master of Science and Doctoral degrees in Electrical Engineering and Computer Science from Massachusetts Institute of Technology. A Fellow of the Institute of Electrical and Electronics Engineers (IEEE), Dr. Martin was a member and first chair of its Software Industrial Advisory Board. He has served on the National Research Council's Computer Science and Telecommunications Board and the FCC's Technological Advisory Board. He is on technical advisory boards for venture capitalists and startups in telecommunications, optical devices and product innovation.
Ivan Berkowitz, Ph.D. has over 30 years of professional experience in the financial and real estate industries. Dr. Berkowitz has acted as an international corporate advisor on matters that pertain to corporate structure and governance, transfer pricing, EEC anti-trust law, mergers and international syndication. He holds a Ph.D. in International Law from Cambridge University, an M.B.A. in Finance from Baruch College and a B.A. in Economics from Brooklyn College. Since 1993, Dr. Berkowitz has served as Managing General Partner of Steib & Company, a privately-held New York based investment company. Additionally, from 1997 through 2002, Dr. Berkowitz served as President of Great Court Holdings, also a privately-held New York-based investment company. Between 1995 and 1997, Dr. Berkowitz led Polyvision Corporation (recently acquired by Steelcase) as its chief executive officer.
"Amedia's stockholders have elected an impressive team to its Board of Directors. I am delighted to have the opportunity to work with Board members of this caliber," said Frank Galuppo, CEO of Amedia Networks. "We believe that FTTP will become a leading broadband option and I look forward to working together on new and ongoing initiatives to position Amedia as a leader in this field."
"We are very excited to have the benefit of the experience and expertise Gerry, Bob and Ivan bring to the Company," commented Juan Mendez, Amedia Networks' Chairman. "We look forward to utilizing their knowledge, skill and talent, as we implement our business plan."
About Amedia Networks
Amedia Networks is engaged in the design, development, and implementation of Ethernet solutions to the Fiber-to-the-Premises (FTTP) broadband access market. The Company's solutions are being designed to provide secure, high performance, scalable and reliable customer premises, access aggregator, and central office products enabling high-speed Internet access, video applications, and Voice over Internet Protocol (VoIP) services to end customers in a cost effective manner. For more information about Amedia Networks visit www.amedianetworks.com.
All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company's behalf, that are not statements of historical fact, constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties are outlined in the Company's Annual Report on Form 10-KSB for 2003, its Quarterly Reports on Form-10-QSB, and other documents filed with the Securities and Exchange Commission. The Company is under no obligation to revise or update any forward looking statement in order to reflect events or circumstances that may arise in the future.
Contacts
Press:
Interprose Public Relations
Melissa Power, 401-454-1314
melissa_power@interprosepr.com
or
Investors:
Amedia Networks
Bill Zakowski, 732-949-1046
billz@amedianetworks.com
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