PRESS RELEASE AUG 3
Canadian Company Press Release
CY 1999-08-03 (provided courtesy of BCE Emergis E-News Services.)
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CALL-NET EXECUTIVES APPOINTED TO CYBERSURF'S BOARD OF
DIRECTORS
CALGARY, ALBERTA--
Cybersurf is pleased to announce that it has appointed Call-Net
executives Vincent W. Salvati and Stephen P. Monk to its Board of
Directors. This move follows Call-Net's investment to expedite
the launch of the Cybersurf's free Internet service in Canada's
major metropolitan centers, and marks the next stage in the
strategic partnership between the two companies.
"These two individuals will be a great addition to the Board of
Directors", says Paul Mercia, Cybersurf's President and Chief
Executive Officer. "They bring the financial and operational
expertise needed to quickly expand the 3web Network across North
America. I'm confident that Mr. Monk and Mr. Salvati will play a
pivotal role in the establishment of 3web as Canada's largest
provider of Internet services." Mr. Mercia also stated that Mr.
Monk in particular was instrumental in developing the
Cybersurf/Call-Net alliance.
Vincent W. Salvati
Vincent W. Salvati is Senior Vice President and Chief Financial
Officer for Call-Net Enterprises, Inc., a rapidly growing
Canadian-based telecommunications company. Mr. Salvati began his
telecommunications career in 1981 at AT&T International where he
served as controller. He has served in key leadership positions
in both the equipment and services businesses throughout his 14
years at AT&T. In 1995, Mr. Salvati became Group Vice President
and Chief Financial Officer of Bell Canada, the largest of the
Canadian telecommunications companies. He was a key member of the
executive team that accelerated the transition from monopoly to
a competitive enterprise. During his tenure, earnings increased
over 60% and the Company posted two consecutive years of positive
free cash flow for the first time in over 50 years.
Mr. Salvati joined Call-Net Enterprises, Inc. in December 1998.
He also serves as a Director of Microcell Telecommunications,
Inc., a Canadian wireless operator in which Call-Net holds an
equity interest. A veteran of more than 18 years in the
telecommunications industry, he holds a Bachelors Degree in
Business Administration from St. Francis College and a Masters
Degree in economics from St. John's University. Mr. Salvati has
also completed the Advanced Management Program at INSEAD and is
a Certified Public Accountant.
Stephen P. Monk
Stephen P. Monk is the Manager, Corporate Development for
Call-Net Enterprises Inc. Joining Call-Net in November of 1997,
Mr. Monk's responsibilities include mergers and acquisitions as
well as strategic planning and development. Prior to joining
Call-Net, Mr. Monk worked as a corporate and securities lawyer at
Davies, Ward and Beck, one of Canada's leading law firms. Mr.
Monk is also an electrical engineer and has worked at leading
companies such as Lockheed Canada and SHL Systemhouse Inc.
Mr. Monk holds a Masters of Business Administration degree from
the Richard Ivey School of business, a law degree from the
University of Western Ontario and a B.Sc. Electrical Engineering
from Queen's University at Kingston. He is a professional
Engineer with the Association of Professional Engineers of
Ontario, a member of the Canadian Bar Association and a member of
the Law Society of Upper Canada.
About 3web
3web is a proprietary software application that was developed by
Cybersurf Interactive Media, a division of Cybersurf Corp. It
offers users a powerful and secure portal to anywhere on the
World Wide Web, as well as E-mail and E-commerce functionality.
The 3web Network is supported by commercial advertising and
E-commerce initiatives is totally free to the user. Cybersurf's
proprietary 3web advertisement-supported approach is unique in
Canada bringing highly targeted, demographically-specific
advertising to the user's desktop. Traditional portals provide
advertising via banner ads on web pages, making it easy to click
the ad away. 3web's portal operates independently of any Web
browser and can never be hidden or disabled. No matter where the
user travels on the Internet, 3web's advertising is always
visible. It is because of this feature that advertisers on the
3web Network can be guaranteed exact impressions and can target
specific demographic profiles.
To view examples of 3web in context with Netscape's browser,
simply visit www.3web.net/screenshots. If you wish to have a
better understanding of Cybersurf's proprietary technology, and
of the 3web Network's intelligent advertising capabilities, visit
www.3web.net/overview to download the full 3web interactive
overview (56MB).
Cybersurf is a communications company in the business of
developing and marketing innovative software and connectivity
tools. At Cybersurf, our goals are to enhance the use of
telecommunications hardware and to develop unique software, which
has substantial potential for businesses and consumers.
The Alberta Stock Exchange has neither approved nor disapproved
of the information contained herein.
Directors: Gordon Anderson, George Gonzo, William T Hammett,
Lorne H Jacobson, Paul Mercia, James R Milliken, Stephen P Monk,
Vincent W Salvati
For further shareholder information please contact Jody Balon at
Cybersurf Corp (403) 777-2000, ext. 262.
www.cybersurf.net www.3web.net Email: info@cybersurf.net
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