Pac-West Telecomm Announces the Appointment of Joseph Bonocore to Its Board of Directors
08 September 2006 - 11:05PM
PR Newswire (US)
STOCKTON, Calif., Sept. 8 /PRNewswire-FirstCall/ -- Pac-West
Telecomm, Inc. (NASDAQ:PACW), a nationwide provider of traditional
and next-generation voice communications services, today announced
the appointment of Joseph J. Bonocore to its Board of Directors.
Hank Carabelli, Pac-West's President & CEO, commented,
"Pac-West is very pleased to add Joe to our Board. His extensive
background in the communications industry and particular insight
into the wireless, cable and Internet segments provide unique value
to the implementation of our business plan." Wally Griffin,
Pac-West's Chairman, added, "We believe Joe's management and
consulting background will provide both valuable strategic thinking
as well as real-life experience to Pac-West." Mr. Bonocore
commented, "I look forward to joining the Board of Pac-West to
assist the Company in pursuing growth opportunities in
telecommunications. I believe the Company's strategy of creating a
single-source nationwide VoIP infrastructure platform fills an
existing need in the industry and is an important step to
facilitate growth in VoIP adoption." Mr. Bonocore has over 37 years
of senior management and consulting experience across a number of
technology industries including telecommunications. Mr. Bonocore
currently serves as the Chairman & CEO of Impresa Technologies,
Inc., which invests in, operates and consults to global high
technology companies. From 2000 to 2002, Mr. Bonocore was Chairman
& CEO of Eclipse Networks, Inc., a service provider to
telecommunications and equipment providers as well as the
Department of Defense. From 1995 to 2000, Mr. Bonocore was a
Partner and National Director of Telecom for KPMG Peat Marwick,
responsible for consulting, audit and tax services across all
segments of the telecommunications industry including ILECs, CLECs,
wireless, cable, Internet and IXCs. From 1994 to 1995, Mr. Bonocore
was President of the San Francisco Consulting Group, a company
focused on the emerging segments of the telecommunications
industry. The San Francisco Consulting Group was acquired by KPMG
in 1995. From 1992 to 1994, Mr. Bonocore was President & CEO of
Nynex DPI, a global technology company providing a wide range of
software and services to the telecommunications marketplace. Nynex
DPI was acquired by IBM in 1994. From 1974 to 1992, Mr. Bonocore
rose to the level of Managing Partner with Coopers & Lybrand
where he built the firm's Treasury Management Consulting Practice.
From 1969 to 1974, Mr. Bonocore was a Finance Manager with General
Electric Company's Aerospace division, where he performed a number
of assignments in strategy, finance, accounting, marketing and
government contracts. Mr. Bonocore served in the United States
Army's Air Defense Artillery from 1969 to 1971 during his time at
General Electric. Mr. Bonocore has held numerous Board and Trustee
positions at privately held companies, and educational
organizations. Mr. Bonocore has also authored a number of books and
articles, primarily on technology and telecommunications topics.
Mr. Bonocore holds a Bachelor of Business Administration -
Business/Marketing from Lasalle University. Mr. Bonocore will serve
as one of seven Independent Directors, rendering the Board
composition compliant with SEC and Nasdaq requirements. About
Pac-West Telecomm, Inc. Pac-West is a provider of advanced
communications services that enable traditional and next-generation
providers, carriers, and service providers to efficiently design,
deploy, and deliver integrated communication solutions. Currently,
Pac-West has operations in California, Nevada, Washington, Arizona,
Utah, Oregon, Idaho, Washington D.C., Colorado, Pennsylvania,
Florida, Maryland, New Jersey, North Carolina, South Carolina, New
York and Alabama. Founded in 1980, Pac-West Telecomm, Inc. has been
offering communication services to its customers since 1982 and has
been a leading provider of wholesale services to Internet Service
Providers. For more information, visit http://www.pacwest.com/ .
Forward-Looking Statements In this press release, our use of the
words "outlook," "expect," "anticipate," "estimate," "forecast,"
"project," "likely," "objective," "plan," "designed," "goal,"
"target," and similar expressions is intended to identify
forward-looking statements. While these statements represent our
current judgment on what the future may hold, and we believe these
judgments are reasonable, actual results may differ materially due
to numerous important risk factors that are described in our Annual
Report on Form 10-K for the period ended December 31, 2005, as
filed with the SEC on March 29, 2006, which may be revised or
supplemented in subsequent reports filed by us with the SEC. Such
risk factors include, but are not limited to: our level of
indebtedness; an inability to generate sufficient cash to service
our indebtedness; regulatory and legal uncertainty with respect to
intercarrier compensation payments received by us; the migration to
broadband Internet access affecting dial-up Internet access; the
loss of key executive officers could negatively impact our business
prospects; an increase in our network expenses; migration of our
enterprise customer base to U.S. TelePacific Corp. occurring sooner
than contemplated; the possible delisting of our common shares from
the Nasdaq Capital Market; and our principal competitors for local
services and potential additional competitors have advantages that
may adversely affect our ability to compete with them. DATASOURCE:
Pac-West Telecomm, Inc. CONTACT: media, John Amaya,
+1-209-926-4371, or , or investors, Reid Cox, +1-209-926-3417, or ,
both of Pac-West Web site: http://www.pacwest.com/
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