Boston Communications Group Announces Corporate Reorganization; Company Creates COO and CTO positions
Boston Communications Group Announces Corporate Reorganization; Company
Creates COO and CTO positions
WOBURN, Mass., Feb 8, 2000 (BUSINESS WIRE) -- Boston Communications
Group, Inc (NASDAQ: BCGI) today announced the creation of two new
senior management positions - Chief Operating Officer and Chief
Technology Officer. These newly created positions are designed to
better enable the Company to respond more quickly and efficiently to
customer needs and to be earlier to market with new products and
services.
Telecom industry veteran Andy Price, age 46, has filled the position of
Chief Operating Officer. Mr. Price has over 20 years experience in the
wireless and Internet industries, most recently serving as the head of
marketing for PSINet Europe. Prior to PSINet, he held Vice President
positions at TeleCorp, the largest AT&T Wireless affiliate and Sprint
PCS. As Chief Operating Officer, Mr. Price will oversee all of BCGI's
operating divisions, including Prepaid Services, Systems, Teleservices
and Roaming Services, as well as the Company's Sales & Marketing unit.
Bill Wessman, age 50, BCGI's former Vice President, Implementation and
Quality Assurance has been promoted to the position of Chief Technology
Officer. In this role, Mr. Wessman will assume responsibility for all
BCGI technical areas, including Corporate Engineering and Development,
Network Engineering and Operations, Quality Assurance and the Company's
new Corporate Information Technology Group. He has been employed with
BCGI for almost five years, during which time he has held several
senior-level positions managing large and complex operational areas.
The Company also announced that Kevin Thigpen, Vice President and
General Manager of the Company's Prepaid Services Division will be
resigning to pursue other opportunities.
"We have created the position of Chief Operating Officer, under which
we have united our Sales & Marketing team together with all other
customer interfacing functions and non-technology operations of our
four divisions. This realignment reflects the dramatic growth of the
prepaid wireless industry and underscores our ongoing commitment to
delivering mission-critical solutions for our business partners," said
E.Y. Snowden, President and Chief Executive Officer of Boston
Communications Group, Inc. "In addition, we have united our Corporate
Engineering and Development department and the technology operations of
our four divisions under a Chief Technology Officer for the Company.
The Chief Technology Officer will be particularly important to ensure
that we deploy all of our product lines' technologies in a way that
best meets the changing needs of our carrier customers and to champion
our mission to deliver higher reliability and greater performance
end-to-end across our platforms."
Mr. Snowden concluded, "We strongly believe that these realigned
operating units and our management changes position us well for
continued growth going forward. The additions of Andy and Bill to our
executive management team will assist us to become a more efficient
operating company, thereby enabling us to continue to build upon our
already leading position in the prepaid wireless industry and its
application to new Internet-enabled markets."
Boston Communications Group, Inc.(BCGI) is the leading provider of
prepaid services to wireless carriers in North and South America.
Founded in 1988, BCGI provides wireless carriers with a range of
resources and support services targeted to address the unique needs of
this growing industry. BCGI provides one or more of its services to
nine of the top ten wireless carriers in the United States, who
generate over 75 percent o industry revenues, plus more than 80
additional carriers. Each service plays an integral role in the
Company's mission: to help wireless carriers focus resources on their
areas of expertise while improving quality, enhancing revenue and
controlling costs. Please visit BCGI's web site at bcgi.net.
This press release contains, in addition to historical information,
forward-looking statements that involve risks and uncertainties,
including statements regarding the continued growth of the Company,
improvement in efficiency of operations, and the Company's ability to
build upon its current position in the industry. Such statements are
based on management's current expectations and are subject to a number
of uncertainties and risks that could cause actual results to differ
materially from those described in the forward-looking statements.
Among the important factors that would cause actual results to differ
materially from those indicated by such forward-looking statements are
significant decreases in business from major customers, declines in
demand for the Company's services and systems both domestically and
internationally, lack of acceptance of the prepaid wireless service and
systems, the ability of the Company to successfully support its C2C
network, unforeseen outages in the Company's C2C network, the ability
of the Company's carrier customers to successfully market and sell C2C
wireless prepaid service, general global economic conditions, and the
risk factors detailed from time to time in the Company's periodic
reports filed with the Securities and Exchange Commission.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: Marie Ruzzo
Mason & Madison Public Relations
Phone: (617) 450-9426
mruzzo@mason-madison.com
-or-
Julie Brenner--Corporate Communications
Boston Communications Group, Inc.
Phone: (617) 692-7028
julie_brenner@boscomm.net
-or-
Tracy Baumert--Investor Relations
Boston Communications Group, Inc.
Phone: (617) 476-4606
tracy_baumert@boscomm.net
WEB PAGE: businesswire.com
GEOGRAPHY: MASSACHUSETTS
INDUSTRY CODE: TELECOMMUNICATIONS
MANAGEMENT
CHANGES
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