Ursus Telecom Corporation (ticker: UTCC, exchange: NASDAQ)
News Release-4-Dec-2000
-----------------------------------------------------------------------------
CHIEF FINANCIAL OFFICER ANNOUNCES RESIGNATION
SUNRISE, Fla.--(BUSINESS WIRE)--Dec. 4, 2000--Ursus Telecom Corporation
(Nasdaq:UTCC), today announced that its Chief Financial Officer, Johannes
Seefried, announced his intention to leave the Company by December 31, 2000
upon expiration of his employment contract. He also submitted his resignation
effective immediately as a member of the Ursus Telecom Board of Directors.
Steve Relis, currently Ursus Chief Accounting Officer will be taking over the
active duties of the Chief Financial Officer effective December 4, 2000 on an
interim basis until the Company makes a final decision regarding the
appointment of a permanent Chief Financial Officer.
"Ursus has benefited from the experience, integrity and execution of Johannes
Seefried," said Luca Giussani, Chief Executive Officer of Ursus Telecom.
"Since Johannes Seefried joined our organization, the Company has grown
significantly. While I am sorry to see him leave to pursue other endeavors, I
am pleased that we were able to benefit from his contribution and hope that we
shall be able to seek his counsel in the future."
Commenting on his departure, Seefried said, "I am pleased that I was able to
build a solid infrastructure in the accounting department of the organization.
I am delighted about the expanded scope of responsibility given to Steve
Relis, with whom I have worked closely for the last two and a half years."
About Ursus Telecom
Ursus Telecom is an International Phone Company with retail operations
throughout Latin America, The Middle East, Africa and Europe, with wholesale
and retail operations in the United States. Ursus Telecom is a specialist in
Carrier Grade VoIP solutions worldwide. Ursus Telecom is a licensed national
and international long distance Carrier in Argentina and Peru. Ursus Telecom
is a specialized pre-paid calling card distributor in over 30 international
airports worldwide.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The statements contained in this press release that are not purely
historical are forward-looking statements within the meaning of Section 21E of
the Securities and Exchange Act of 1934, as amended, including statements
regarding Ursus Telecom expectations, beliefs, intentions or strategies
regarding the future. Forward-looking statements include statements regarding
future Ursus employee activities and future sales to customers. All forward-
looking statements included in this document are based upon information
available to Ursus Telecom as of the date hereof, and Ursus Telecom assumes no
obligation to update any such forward-looking statements. Forward-looking
statements involve risks and uncertainties, which could cause actual results
to differ materially from those projected. These and other risks relating to
Ursus Telecom business are set forth in the documents filed by Ursus Telecom
with the Securities and Exchange Commission, specifically the most recent
report on Form 10-Q and 10-K, and the other reports filed from time to time
with the Securities and Exchange Commission.
CONTACT:
Ursus Telecom Corporation, Sunrise
Luca Giussani, 954/846-7887
[email protected]
or
Continental Capital & Equity Corp., Longwood, Fla.
Michael Irving, 407/682-2001
[email protected]
