Tackt! Viatel Vice Chairman Sells Pledged Stock Under Margin Call
biz.yahoo.com
Wednesday November 22, 12:49 pm Eastern Time
Press Release
SOURCE: Viatel, Inc.
NEW YORK, Nov. 22 /PRNewswire/ -- Viatel, Inc. (Nasdaq: VYTL - news) today announced that it has been advised by Alfred West, Vice Chairman of Viatel, that he was forced to sell 1.2 million shares of Viatel common stock to satisfy in full a margin call on an existing loan.
Viatel, Inc. is the All Distance. All Services.(TM) telecommunications provider. The Company provides local and long-distance, voice and data, bandwidth and Web-centric solutions to end-users, including corporations, ISPs, ASPs and other carriers in Western Europe and North America. Furthermore, Viatel is the owner-operator-builder of a state-of-the-art global network that includes a multi-conduit, cross-border, fiber-optic network that will soon link 63 major cities in Western Europe.
For more information about Viatel and the products and services that it offers, visit viatel.com.
Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties detailed from time to time in Viatel's registration statements and reports filed with the Securities and Exchange Commission, including those contained in its 1999 Annual Report on Form 10-K. Viatel undertakes no duty to update such forward-looking statements.
SOURCE: Viatel, Inc. |
