Mpower Communications Announces Three-for-Two Stock Split
ROCHESTER, NY - July 21, 2000 - Mpower Communications (Nasdaq:MPWR), a leading
provider of broadband data, Internet and telephony services to business
customers, today announced that its Board of Directors has approved a
three-for-two split of its common stock. The additional shares are expected to
be issued by the transfer agent on or about August 28, 2000 to shareholders of
record on July 31, 2000. Shareholders will be issued one additional share for
each two shares of common stock held on the record date. Mpower will begin
trading on a split-adjusted basis on the trading day following the date the
additional shares are issued by the transfer agent.
About Mpower Communications Corp.
Mpower Communications Corp. (Nasdaq: MPWR) is a facilities-based broadband
communications provider offering a full range of data, telephony, Internet
access and Web hosting services for small and medium-size business customers.
The company is quickly expanding its industry-leading Voice over Symmetrical
Digital Subscriber Line (VoSDSL) footprint to serve the top 50 metro markets in
the country by early 2001. Headquartered in Rochester, NY, the company employs
more than 2,200 people nationwide. Mpower ranked 12th in the Bloomberg Tech 100
listing of the fastest growing technology companies in the United States based
on sales growth for the 1999 fiscal year. Further information about the company
can be found at www.mpowercom.com.
Forward-Looking Statements
Certain statements contained in this press release that state Mpower
Communications' and/or management's intentions, hopes, beliefs, expectations or
predictions of the future are forward-looking statements. Management wishes to
caution the reader these forward-looking statements are not historical facts and
are only estimates or predictions. Actual results may differ materially as a
result of risks and uncertainties including, but not limited to, projections of
future sales, returns on invested assets, regulatory approval processes, market
conditions and other risks detailed from time to time in Mpower's Securities and
Exchange Commission filings.
Investor Relations Inquiries: Media Inquiries:
David S. Clark Michele D. Sadwick
Senior Vice President Vice President
716.218.6559 716.218.6542
[email protected] [email protected]
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