Recent FCC Wireless Telecommunications Bureau Chief, John Muleta, Nominated for Election to First Avenue Networks' Board of Dire
2005年5月12日 - 9:00PM
PRニュース・ワイアー (英語)
Recent FCC Wireless Telecommunications Bureau Chief, John Muleta,
Nominated for Election to First Avenue Networks' Board of Directors
MCLEAN, Va., May 12 /PRNewswire-FirstCall/ -- First Avenue Networks
(OTC:FRNS) (BULLETIN BOARD: FRNS) , a wireless carrier's carrier,
today announced the nomination of John B. Muleta, partner and
co-chair of the Communications Group at Venable LLP, for election
to its board of directors. Mr. Muleta's election is subject to
shareholder approval at the annual meeting scheduled for June 6,
2005. A telecommunications industry veteran, Mr. Muleta was
instrumental in developing telecom policy over the last decade in
service to the Federal Communications Commission. He was chief of
the FCC's Wireless Telecommunications Bureau from February 2003
through March 2005. From 1994 to 1998 he served in a number of
roles, including as deputy bureau chief and chief of the FCC
Enforcement Division. Industry milestones during his tenure at the
FCC include wireless broadband deployment, spectrum
leasing/secondary markets, cell phone number portability and the
wireless Internet. "John Muleta's distinguished career and the
breadth and depth of expertise in the telecommunications industry
will provide us with valuable insight. He will be a great addition
to our board of directors," said Dean Johnson, President and CEO,
First Avenue Networks. "We are striving to lead the backhaul and
access evolution by focusing on wireless essential portions of the
network. John shares our perspectives on the future of fixed
wireless because he has long been at the nexus of wireless
innovation." "The time is right for fixed wireless. Mobile
carriers, for example, are facing a number of critical networking
challenges such as backhauling data- intensive traffic. I believe
First Avenue's focus and build-to-order business model demonstrates
its comprehensive understanding of these needs," said Muleta.
"First Avenue's expansive licensed spectrum assets and operations
enable the company to offer compelling solutions to carriers. I
anticipate working closely with the team." Internationally renowned
for his leadership in the industry, Muleta's 20- year career
includes senior management positions with several major telecom
businesses. Prior to his FCC appointment, Muleta served as
president and CEO of Source 1 Technologies LLC, a systems
integration firm based in Washington, D.C. He also co-founded OI
Systems Inc., a management consulting firm. In 2001, Muleta worked
for Navisite as executive vice president for international business
development. Prior to Navisite, Muleta was president of PSINet
Ventures Inc. and of PSINet's Global Facilities Division and India,
Middle East and Africa Division. About First Avenue Networks First
Avenue Networks (OTC:FRNS) (BULLETIN BOARD: FRNS) is a wireless
carrier's carrier. The company is leading the fixed wireless
backhaul and access evolution by building fixed wireless solutions
for mobile backhaul, bypass and fiber extensions that are
cost-effective, reliable and rapidly deployed. Since acquiring the
39 GHz licensed spectrum assets of Advanced Radio Telecom in 2001
and the 24 GHz assets and operations of Teligent in 2005, First
Avenue has amassed the premier collection of millimeter wave
spectrum assets in the United States. It has approximately 1.5
billion channel pops between its 24 GHz and 39 GHz spectrum
licenses. First Avenue offers nationwide coverage and added depth
in major U.S. metropolitan areas, holding nearly 600 MHz of
spectrum in the top 75 U.S. markets. For more information, please
visit the company's web site at http://www.firstavenet.com/ or call
703-873-4150. The above information includes forward-looking
statements regarding the benefits of the announced acquisition,
securities trading and the provision of services by the Company and
other opportunities in the Company's marketplace. These statements
are not guarantees of future performance. Known and unknown risks,
uncertainties, and other factors, including without limitation, the
risk that the Company will not obtain the expected benefits of the
acquisition, the risk that the Company will be adversely affected
by consummating the acquisition, capital constraints, changes to or
failure to execute the Company's strategy and business plan,
non-renewal or revocation of FCC licenses, variable customer
demand, technological risks, ability to manage growth, competition
and government regulation and other risks may cause actual results
to differ materially from the future results implied or expressed
in the forward-looking statements. Many of these risks and
uncertainties are further discussed in our most recent filings with
the Securities and Exchange Commission, including our annual report
on Form 10-K for the fiscal year ended December 31, 2004. The
Company does not undertake to and expressly disclaims any
obligation to update or revise its forward-looking statement
publicly to reflect any change in these forward-looking statements,
or in events, conditions or circumstances on which any such
statements may be based, or that may affect the likelihood that
actual results will differ from those set forth in the
forward-looking statements. DATASOURCE: First Avenue Networks
CONTACT: Linda Pitt of GAJ Services Inc., +1-859-291-1005, or , for
First Avenue Networks
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