NEW YORK, Sept. 5, 2002 (PRIMEZONE) -- Exus Networks, Inc. (OTCBB:EXUS) announced today that it has expanded its Board of Directors to three and has elected John B. Skinner and Miller L. Mays, III as independent directors. The Company also announced the establishment of a seven-person Board of Educators to advise the Company in growing its Distant Education business.
John B. Skinner (56) brings to Exus more than 37 years of experience in the fields of computer technology and telecommunications. Mr. Skinner is the CEO of New Millennium Development Group, which recently agreed to sell a division to Exus. Previously, Mr. Skinner was Chief Operating Officer of PACER International in Delray Beach, Fla. Previously, Mr. Skinner held senior positions at Cignal Global Communications, Telfort, BV, British Telecom and AT&T. Earlier in his career, he was a combat pilot in the U.S. Air Force.
Miller L. Mays, III (57) is presently associated with C2K, a CLEC based in New Orleans. This year he worked as a consultant for Exus based in Poland identifying acquisitions. Previously, he was Marketing Director of Mortgage Market, Inc., and previous to that he was the founder and president of MCRS, a medical collection agency, which was sold to a large national company in 1990. During the late 80's Mr. Mays spent several months in the former Soviet Union building communication infrastructure.
"Exus is delighted to have attracted two prominent businessmen to its Board. These independent Board members will be able to guide the Company and help us comply with new SEC standards for corporate governance," said Mr. Isaac Sutton, Exus' chief executive officer.
Exus also announced today the creation of a seven person advisory board of leading educators who will help Exus select content and grow its e-learning and distance education business.
About Exus Networks Incorporated
Exus Networks is a global provider of a broad array of value-added services, concentrating on Distant Education, delivered via a combined satellite and terrestrially based network. These services are provided to a diverse client base that includes medium to large multi-national businesses, universities, Internet service providers and government agencies. Through service agreements and strategic relationships with satellite network operators, teleport facilities, leading telecommunications partners and the Company's satellite gateway and data center in New York, Exus Networks benefits from the growing need for affordable, premium quality, managed data services. This is particularly true in emerging markets, where Exus benefits from being a first-mover advantage. To learn more about the Company, please visit its Website at http://www.exus.net.
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC.