SEATTLE, WA - October 1, 2007 – The Board of Citel plc ("Citel or the "Company") announces the mutual separation of Mike Robinson as Chief Executive Officer of the Company with immediate effect. Jose David, 51, currently Chief Financial Officer will be fulfilling the role of Interim Chief Executive Officer. He will be closely supported operationally and strategically by Clyde Heintzelman as Chairman.
Clyde Heintzelman, Chairman of Citel, commented, "On behalf of the Board, I would like to thank Mike for his contribution to Citel over the past seven years and for his willingness to assist in the transition. We wish him well in his future endeavors. Going forwad, our focus at Citel will be to concentrate on accelerating Portico™ TVA™ sales. Recent sales volumes through direct sales channels have been very encouraging, and substantial progress has been made in securing new supply contracts with end users and carriers. Emphasis is now on accelerating this progress to take the Company forward."
Following the completion of the first six months of the financial year to 30 September 2007, the company anticipates issuing a trading update during the week beginning 15 October 2007.
Citel enables SMBs, large enterprises and service providers to realize the cost and productivity benefits of IP telephony while at the same time leveraging their existing PBX infrastructure. Businesses with single or distributed locations and PBX vendors can now deploy next-generation IP applications and services at their own pace, with little business disruption. Service providers can deploy hosted IP telephony services quickly, without having to rip-and-replace existing enterprise PBX handsets and LAN cabling. Citel is a publicly traded company with corporate headquarters in Seattle, and development offices in Calgary, Alberta (Canada) and Nottingham, England (UK). For more information, visit www.citel.com.
The contents of this Press Release may contain forward-looking statements which can be generally identified as such because the context of the statement will include the words such as Citel plc "expects", "should", "believes", "anticipates" or words of similar import. Such forward looking statements are subject to certain risks and uncertainties including the financial performance of Citel plc which could cause actual results, performance or achievements of Citel plc to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
This Press Release does not constitute or form any part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore.
Copyright 2007, Citel plc. All Rights Reserved.
Citel and The VoIP Migration Company are trademarks of Citel Technologies, Inc. All other product and company names mentioned herein may be trademarks of their respective owners.
Jose David
Citel Technologies
jose.david@citel.com
206-957.6270
www.citel.com
Cardew Group
12 Suffolk Street
London, SW1Y 4HG
infor@cardewgroup.com
www.cardewgroup.com