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Technology Stocks : EGLO Executive Telecard

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To: Gravitar who wrote (15)1/6/1998 1:10:00 PM
From: Heidi Hirst  Read Replies (1) of 300
 
FOR IMMEDIATE RELEASE
DATE: January 5, 1998

WOOTERS, ROCHA, HAMMER, WINOKUR PROMOTED
BY EXECUTIVE TELECARD

Denver Colorado, January 5, 1998 - A series of personnel changes at Executive TeleCard, Ltd. (NASDAQ - EXTL) were announced here today by Christopher Vizas, Chairman and Chief Executive Officer. The changes were made in connection with the reorganization of the Company now underway. The following appointments were announced:
William H. Wooters, Director of North American Sales, has been appointed Vice President Sales and Marketing. Mr. Wooters served as Marketing Development Manager at Sprint Corporation before joining Executive TeleCard. At Sprint, he set up marketing communication strategies for the Sprint alternate channel business distribution program.
Miguel Rocha, Managing Director of Asia-Pacific Operations, has been named Vice President Carrier Relations, Asia-Pacific. Mr. Rocha came to Executive TeleCard after nineteen years with the Cable & Wireless Group, twelve of which were with the sales and marketing divisions. Mr. Rocha helped to build the C&W corporate sales support team which has played a critical role in the development of Hong Kong Telecom.
Danny Winokur, President of the Company's eGlobe subsidiary, has been named Vice President Internet Services. Mr. Winokur founded a computer network consulting company, and was Director of Marketing and Director of Operations at USA Net before joining Executive TeleCard. At Executive TeleCard he has been responsible for developing eGlobe's global internet access service.
John Hammer, Vice President Product Development, has been appointed Vice President of Engineering and Service Development. Mr. Hammer joined the Company in 1993 after previous experience with LCI and Sprint. He became responsible for developing all of the company's products and services.
Allen Mandel, who will relinquish his duties as Chief Financial Officer as soon as a suitable replacement is found, has been named Senior Vice President Corporate Affairs, and will join Mr. Vizas in the newly established office of the Chief Executive. Mr. Mandel will assume newly established planning functions, as well as managing external relations. Mr. Mandel, a certified public accountant, has been with the Company for more than five years and was with Reeves Communications Company before joining Executive TeleCard.
Bijan Moaveni, who as a consultant made a major contribution to the Company's reorganization and business planning, announced that he is returning to Coast International Communications to devote full time to his responsibilities as Chief Executive Officer.
Stig Sonnerberg, an Executive Vice President and Director of European Operations, announced that he will be leaving the Company in a few months.
Executive TeleCard, founded in 1987, is an international communications service company providing voice and data services via its World Direct global network to major corporate and carrier partners worldwide and providing enhancements to its partners' global calling cards. Executive TeleCard's products and services include: revenue sharing partnerships, global calling cards, the only true global prepaid card platform, global internet access (eGlobe), international and domestic toll-free service (Service 800) and multi-currency, detailed billing.
-End-
For further information please call Dawn L. Van Zant toll free at 888.368.8704 or Heidi E. Hirst toll free at 888.368.8703.
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