American Telecom Services Appoints Robert S. Picow to the Board of Directors24 May 2006
American Telecom Services, Inc. (Amex: TES), a provider of internet phone ("VoIP") and prepaid long distance communications services bundled with digital, cordless multi-handset phones, announced today that its board of directors has elected Robert S. Picow as an independent director, effective May 10, 2006. Mr. Picow (age 51) served as Chairman of Cenuco Inc. (which has subsequently changed its name to Lander Co. Inc. and now to Ascendia Brands, Inc.), a publicly traded company from April 2004 until its merger with Lander Co. Inc. Mr. Picow has served as a member of the board of directors of Cenuco (and now Ascendia) since July 2003 and as chief executive officer of the Cenuco Wireless division since 2005. The Cenuco Wireless division is engaged in wireless application development and software solutions.
Mr. Picow has served as a director of InfoSonics Corporation, a distributor of wireless handsets and accessories in the United States and Latin America publicly traded on the American Stock Exchange, since December 2003, as a director of Streicher Mobile Fueling, a fuel distribution company publicly traded on the Nasdaq, since March 2001 and as a director of Fundamental Management Corporation, a private fund management company, since May 2001. Mr. Picow served as Vice Chairman and a director of BrightPoint from 1996 until 1997. Mr. Picow was chief executive officer of Allied Communications, a cellular telephone and accessory distribution company, from its formation in 1986 until it merged with BrightPoint in 1996.
Bruce Hahn, CEO of American Telecom, commented, "Adding a proven veteran in the wireless communications industry to our board will prove invaluable as ATS executes its business plan. Robert brings 20 years of industry experience in wireless telecommunications to ATS, making him an extremely experienced executive in what is still a young industry. We look forward to leveraging Robert's expertise, experience and deep industry relationships as we expand our distribution network, grow our installed customer base, while furthering our product development efforts."
Mr. Picow added, "American Telecom Services stands at the convergence point of two rapidly growing industries, pairing Voice-over-Internet-Protocol efficiency with wireless telecommunications convenience. Their model of bundling home telephones with both VOIP and pre-paid long distance service is an improvement from competitors in terms of quality, convenience and ease-of- use. I look forward to assisting management and representing shareholders as ATS executes its business plan."
About American Telecom Services, Inc.
American Telecom Services, Inc. offers Internet phone (Voice-over- Internet-Protocol) and prepaid long distance communications services that are bundled with the Company's digital, cordless multi-handset phones. American Telecom sells its phone/service bundles through major retailers under its "American Telecom", "ATS", "Pay N' Talk" and "Digital Clear" brand names. The Company's strategic partners include SunRocket, Inc., a provider of VoIP services, for the Company's Internet phone service offering, and IDT Corporation for the Company's prepaid long distance service offering.
Safe Harbor Statement
Any statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify those forward-looking statements by words such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of those words and some other comparable words. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from historical results or those the Company anticipates. Factors that could cause actual results to differ from those contained in the forward-looking statement include, but are not limited to, those risks and uncertainties described in the Company's prospectus dated February 1, 2006 and the other reports and documents the Company files from time to time with the Securities and Exchange Commission. Statements included in this press release are based upon information known to the Company as of the date of this press release, and the Company assumes no obligation to (and expressly disclaims any such obligation to) publicly update or alter its forward-looking statements made in this press release, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.
Contact: Bruce Hahn, CEO
American Telecom Services, Inc.
(404) 261-7466
brucehahn@atsphone.com
Investor Contact: Matt Hayden, President
Hayden Communications
(858) 704-5065
matt@haydenir.com
Source: prnewswire
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