To: Chartgod who wrote (322 ) 9/26/2000 8:51:50 PM From: Captain Jack Read Replies (1) | Respond to of 335 Jim-- Can these crazy people believe they can keep it afloat awhile longer??????????/ Business Editors & High-Tech Writers ENGLEWOOD, Colo.--(BUSINESS WIRE)--Sept. 26, 2000--ICG Communications, Inc. (Nasdaq:ICGX), a provider of network infrastructure, facilities and management, announced today that a Special Executive Committee of the Board of Directors, consisting solely of outside directors, has appointed Randall E. Curran as chief executive officer of ICG. Curran succeeds Carl E. Vogel, who resigned last week as chairman and chief executive officer. William S. Beans, Jr. will continue his role as president and chief operating officer and director of the company. Curran most recently served as chairman, president and chief executive officer of Thermadyne Holdings Corporation, which is based in St. Louis. He had been with Thermadyne since 1987 where he held the positions of chief operating officer and chief financial officer. Curran began his career with Arthur Andersen. Next, he served as director of Finance for McGraw Edison until its acquisition in 1983 by Cooper Industries, and then as vice president of Finance for Clarke Industries, a division of Cooper Industries. "We are fortunate indeed to have been able to attract an executive of Mr. Curran's caliber," said William J. Laggett, vice chairman of the Board and chairman of the Special Executive Committee. "Mr. Curran's reputation is outstanding, and many industry leaders cite his valuable role in the successful restructuring of Thermadyne." ICG also announced that it has engaged Wasserstein Perella & Co. as an independent financial advisor and Zolfo Cooper, LLC, which specializes in company turnarounds and restructuring, to assist Curran and the Special Executive Committee. Under the direction of the committee, the new advisors -- working in conjunction with management and the company's existing financial advisor, Gleacher & Co. -- will seek to bring stability to ICG in the near term and then focus on maximizing the value of the company. About ICG Communications ICG Communications, Inc. is a fast-growing