VALOR Communications Group, Inc. Announces New Audit Committee Chair
12 August 2005 - 6:58PM
PR Newswire (US)
IRVING, Texas, Aug. 12 /PRNewswire-FirstCall/ -- VALOR
Communications Group, Inc. (NYSE:VCG), today announced that the
company's Board of Directors has named Edward J. Heffernan chair of
VALOR's Audit Committee effective September 1, 2005. Heffernan is
executive vice president and chief financial officer of Alliance
Data Systems Corporation in Dallas, Texas. "We are very pleased to
have Ed expand his role on the Audit Committee and serve as its
chair," said Jack Mueller, VALOR Communications Group president and
chief executive officer. "The experience and knowledge that Ed
brings will serve VALOR well as we navigate the changing
telecommunications environment. Ed's experience in the corporate
transaction space will provide important insight as VALOR evaluates
opportunities to grow through acquisitions." Prior to joining
Alliance Data Systems, Heffernan was vice president, mergers and
acquisitions for First Data Corporation from 1994 to 1998 and for
Citicorp from 1990 to 1994. As planned earlier this year, Sanjay
Swani, former Audit Committee chair, will continue as a member of
the Committee through the end of 2005 to provide a smooth
transition of responsibilities. About VALOR Communications Group
VALOR Communications Group is one of the largest providers of
telecommunications services in rural communities in the
southwestern United States. The company, through its subsidiary
VALOR Telecom, offers to residential, business and government
customers a wide range of telecommunications services, including:
local exchange telephone services, which covers basic dial-tone
service as well as enhanced services, such as caller
identification, voicemail and call waiting; long distance services;
and data services, such as providing digital subscriber lines.
VALOR Communications Group is headquartered in Irving, Texas. For
more information, visit http://www.valortelecom.com/ Safe Harbor
Statement "Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995: Statements in this press release
regarding VALOR Communications Group's business which are not
historical facts are "forward-looking statements" that involve
risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ
materially from those contained in the forward-looking statements,
see "Risk Factors" in the Prospectus dated June 30, 2005 relating
to the exchange offer filed with the Securities and Exchange
Commission. We disclaim any obligation to publicly update or revise
any forward-looking statement, whether as a result of new
information, the occurrence of future events or otherwise, except
as required by law. DATASOURCE: VALOR Communications Group, Inc.
CONTACT: investor relations, Keith Terreri or Sheryl Seyer,
+1-972-373-1296, or fax, +1-972-373-1150, or , or media, Cynthia T.
Cruz, +1-972-373-1134, or fax, +1-469-420-2540, or , all of VALOR
Communications Group, Inc. Web site: http://www.valortelecom.com/
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