Former Pac Tel Cellular CEO Joins Network Installation Advisory Board19 December 2004
Network Installation CEO Michael Cummings stated, "We are extremely
excited about having an individual with Jeff's stature on our team. His
accomplishments in wireless communications speak for themselves and Network
Installation can only benefit from his experiences and insight. He will be a
valuable asset to the Company as we progress forward."
Jeff Hultman commented, "I'm delighted to join the Network Installation
Advisory Board. The Company has a strong team of successful professionals who
have demonstrated success in a large market segment. The wireless
communications and telecom industries are collectively poised for another
period of rapid growth and require the services provided by Network
Installation. I look forward to assisting the Company in the expansion of
their business to meet those demands. I believe my experience in building
wireless systems will be of great assistance to the Company."
From 1987 to 1991, Jeff Hultman served as CEO of Pac Tel Cellular where he
managed Pac Tel cellular properties in the United States and oversaw
operations and business development which included over 2,500 employees in
Atlanta, Detroit, Los Angeles, Oakland, Sacramento and San Francisco. During
his tenure as CEO, revenues increased from $100 million to over $1.0 billion
in three years. He directed Pac Tel's successful efforts to win the West
Germany and United Kingdom PCS licenses over a dozen other applicants on the
strength of a superior business plan and detailed technical system design for
both countries.
In 1991 Mr. Hultman became CEO of Dial Page, Inc. a wireless provider
throughout the Southeast, offering paging and digital mobile telephone
services. While at Dial Page, he expanded the paging operations throughout
seven states by multiple acquisitions and internal growth and achieved a
cumulative growth rate in paging of 20% per year, increasing pagers in service
from 148,000 to 360,000. He managed over 450 employees and achieved revenues
of over $75 million with 38% margins and average revenue per pager of $21,
approximately double the industry. Ultimately, Mr. Hultman converted a series
of limited partnerships into a corporation and took Dial Page public leading
four successful public offerings which raised over $50 million in public and
private equity sales, $650 million through public sale and private placement
of high yield debt. In August 1995, he successfully negotiated the sale of
the paging business to MobileMedia Communication, Inc. and a merger of
subsidiary Dial Call with Nextel Communications, Inc. in February 1996.
Combined value of these two transactions was in excess of $1 billion.
Mr. Hultman attained his Bachelor of Science Degree in Agricultural Economics
in 1961 and Master of Science Degree, in Business Management in 1962, at the
University of California, Davis. He currently serves a director on the board
of several organizations including Comarco Inc., an Irvine, CA-based wireless
performance engineering company.
Source: PR Newswire
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