PERTH AMBOY, N.J., April 27, 2005 (PRIMEZONE) -- US Starcom, Inc. (Pink Sheets:USTA) announced today that following its merger with Bestel Communications, Inc. announced yesterday, three new members have been added to the management team.
Joseph Macaluso, the founder with over 30 years experience in infrastructure management, will act as Chief Operating Officer. Mr. Macaluso has successfully positioned the company for the rapid expansion the new management team will initiate.
John A. DiDomenico has been named the new President and CEO. For the past 17 years he has led Neptune Marketing Technologies Inc., focusing on solutions for the telecommunications industry with such clients as, MCI Worldcom, Qwest, Sprint, Cable & Wireless, Broadwing, ACC of ATT Business and others. In addition, he has managed thousands of calling centers for the sale of prepaid calling cards to both the English and Spanish speaking communities.
Vincent Annunziata, has assumed the role of Vice President of Sales and Marketing. His 30-year career has included acting as marketing director for such Fortune 100 companies as Citibank N.A., Lerner Stores Corp., HFC and British American Tobacco. He has also served as Senior Vice President and Director of Sales and Marketing for STX Communications, a leading provider of prepaid calling cards.
Joseph B. Sicinski will serve as the chairman of the board of directors. Mr. Sicinski most recently acted as President and CEO of Trans Global Services, Inc., a supplier of technical services supporting Fortune 100 clients.
Commenting on the company's prospects, CEO John DiDomenico stated, "While the traditional aspect of the business is skyrocketing and will provide a steady revenue stream into the future, the most exciting part of US Starcom's model is that the company is concomitantly developing an efficient urban distribution network in order to to be able to introduce a full line of robust prepaid , stored value and other retail products, such as discount healthcare, remittance/ATM and bill paying into urban neighborhoods, cross marketed with top-line Latin music artists and related advertising. For example, one of US Starcom's clients, which services more than 7,000 "bodega"-type Latin markets in the northeast and carries US Starcom pre-paid phone cards, can also distribute to the same 7,000 bodegas signature prepaid Visa and discount healthcare or offer advertising for music CDs and or the CDs with the image or music clips of a noted Latin artist on all of the related products. Thus, US Starcom can use its captive distribution network to catapult other products within urban neighborhoods."
About US Starcom
A leader in providing value-added prepaid services and solutions to urban neighborhoods to enhance communications and entertainment. With a sales distribution network extending to thousands of urban locations, more than 50 VoIP gateways and with no long term debt, US Starcom will continue its rapid expansion into the distribution of alternative communication products and services, including international long distance, prepaid phone cards, wireless dial around applications, stored value services and Internet service enhancements. US Starcom's wider goal is to use its distribution network in urban neighborhoods to sell other services through strategic alliances and joint distribution campaigns; in effect becoming a massively specialized distribution enterprise. Regional offices are located in Reno, Los Angeles, Atlanta and Perth Amboy, N.J.
Safe Harbor Statement
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements include all statements that are not of historical fact regarding the intent or expectations of the Company among other things: trends affecting the Company's financial condition or results of operations and the Company's growth strategy. Investors are cautioned that any such statements are not guarantees of future performance and involve risks, many of which are beyond the Company's control, and that results may differ materially from those projected in the forward-looking statements.