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EXHIBIT 99.1
[LOGO]
FOR IMMEDIATE RELEASE
ALLIED RISER COMMUNICATIONS ("ARC") ANNOUNCES
MANAGEMENT CHANGES
(DALLAS, TX. SEPT. 19, 2000) - Allied Riser Communications Corporation (NASDAQ:
ARCC), one of the nation's leading providers of high-speed, IP-based broadband
data applications and services, today announced that John Todd, president and
chief operating officer has decided to leave his management and board positions
with the company to pursue other interests.
"John Todd has been instrumental in the expansion of ARC. His efforts have
helped create the strong platform from which we will move forward. We are very
appreciative of those efforts," said David Crawford, ARC's chief executive
officer.
The Board also announced that it has retained the services of Tom Morrison, an
experienced senior executive who brings extensive marketing and sales experience
as well as global business experience to the ARC management team.
"Tom is a proven executive who joins us with past experience at Procter & Gamble
and Pepsi USA," said Stephen Schovee, ARC's chairman of the board. "Tom's proven
leadership in building world-class sales teams, as well as his results-driven
track record in running a number of successful mid-sized companies over the
years will be extremely valuable. We are fortunate to have an individual of Tom
Morrison's caliber," Schovee added.
In addition, the Company announced that John Davis, ARC's chief technology
officer, has decided to leave his management role and board positions with the
Company.
"John had served on our board prior to joining us as CTO. He agreed to serve, as
our CTO for what we all agreed would be a limited period of time. John has, in
fact, generously stayed on well beyond the time frame to which he originally
committed. We wish him all the best as he returns to his work as an advisor to
high-tech companies," stated Schovee.
ABOUT ALLIED RISER COMMUNICATIONS
ARC is one of the nation's leading providers of broadband data and Internet
services, as well as video and voice applications. ARC delivers primarily over
fiber-optic networks that it designs, constructs, owns and operates inside
high-quality, investment-grade commercial office buildings. The company also
delivers its services using an array of
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ARC/ANNOUNCES MANAGEMENT CHANGES
broadband technologies including fiber, wireless optics, and digital subscriber
lines to some of the nation's largest law offices, the Chicago Board of Trade,
Chicago Mercantile, numerous high-tech companies and some of the nation's
largest accounting and consulting firms.
For more information about ARC, visit the company's web site at
www.arcbroadband.com
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SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995:
The statements contained in this release that are not historical facts may be
deemed to contain forward-looking statements, including but not limited to
statements regarding overall market demand for market acceptance of the
Company's services, the intention to deploy fiber-optic networks in additional
buildings or markets and the timing and breadth of penetration in each building
or market. Actual results may differ materially from those anticipated in any
forward-looking statements as a result of certain risks and uncertainties,
including, without limitation, the intense competition for the Company's service
offerings, dependence on growth in demand for the Company's services, ability to
manage growth of our operations, the ability to raise additional capital and
other risks and uncertainties detailed in the Company's Securities and Exchange
Commission filings. Prospective investors are cautioned not to place undue
reliance on such forward-looking statements. The Company disclaims any
obligation to update any of the forward-looking statements contained herein to
reflect future events or developments.
