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EXHIBIT 20.1
KEVIN MCALEER RESIGNS AS CFO REPLACEMENT TO BE NAMED JULY 31ST
Dallas, July 25 /PRNewswire/ -- CapRock Communications Corp. (Nasdaq: CPRK -
news) announced today that Kevin McAleer has resigned as Chief Financial
Officer of CapRock to pursue another opportunity.
"Kevin has served CapRock well, and the Company has experienced tremendous
growth and success during his tenure," said Jere Thompson, Jr., Chairman and
CEO of CapRock. "He joined us when we were private and had about 50 employees.
He was responsible for building our finance, accounting, human resources, legal
and administrative departments. We thank Kevin for his many contributions and
wish him well in his new endeavors."
That Company has signed an agreement with a successor and expects to make an
announcement early next week.
About CapRock
CapRock is a southwestern U.S. facilities-based integrated communications
provider (ICP) offering local, long-distance, Internet, data and private line
services to business customers. The company also provides switched and
dedicated access, regional and international long-distance, private lines, dark
fiber and bandwidth to carrier customers. The company is building a 7,500-mile
fiber network, as well as voice and data networks, throughout Texas, Louisiana,
Arkansas, Oklahoma, New Mexico and Arizona. For more information, visit
CapRock's web site at http://www.caprock.com.
Statements contained in this news release regarding expected financial results
and other planned events are forward-looking statements, subject to
uncertainties and risks. Among many factors that could cause actual results to
differ materially from those expected include, but are not limited to, the
following: the substantial indebtedness of the Company including the interest
charges associated therewith and the financial covenants imposed upon the
Company by such indebtedness; the Company's ability to successfully, timely and
cost-effectively fund and complete its planned growth, including its fiber
network; and, competition in the various segments of the communications
industry in which the Company seeks to participate. For an expanded discussion
on these and additional risks associated with CapRock's business, please see
the documents filed by CapRock Communications Corp. with the U.S. Securities
and Exchange Commission.
SOURCE: CapRock Communications Corp.
