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Rapid Link Announces New CEO, CFO, and Board Member

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jimmy$teel   Saturday, 10/11/08 06:00:49 PM
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Rapid Link Announces New CEO, CFO, and Board Member
10/10/2008 11:58:00 AM (Marketwire)

Press Release Source: Rapid Link, Inc.

Rapid Link Announces New CEO, CFO, and Board MemberFriday October 10, 12:58 pm ET

Rapid Link Restructures Executive Management in Manner Consistent With Recent Expansions and Growth as a Hybrid Fiber Fixed Wireless Provider

OMAHA, NE--(MARKET WIRE)--Oct 10, 2008 -- Rapid Link, Incorporated (OTC BB:RPID.OB - News), a leading provider of WiMax and Communication Services, announced today the appointment of Chris Canfield as its new Chief Executive Officer, and Michael McGuane as its new Chief Financial Officer. Additionally Matt Liotta, former founder and Chief Executive of One Ring Networks, Inc., will join the Board of Directors.

Mr. Canfield has served as the President and Chief Financial Officer, Board member, and President of Rapid Link since 2006, and takes over for John Jenkins who will remain as Chairman of the Board. Michael McGuane takes on the CFO role effective immediately, moving into the executive ranks from his current role as Vice President of Finance. Currently serving as Rapid Link's Chief Technology Officer, Mr. Liotta has agreed to a Board position effective immediately. Mr. Liotta brings a wealth of insight and industry knowledge to the Board.

"I speak on the behalf of the entire Board and all of our employees when I say that Rapid Link is very pleased to announce these broad changes in our executive and director structure. Chris has served the company well as our President and CFO and has over time assumed the primary role as day to day overseer of our company. It is a natural progression to appoint him as our CEO, and I am sure he will continue to provide sound leadership and sensitive oversight to shareholder interests. Mike McGuane has proven himself out as a key member of our team, and we are very pleased that he will assume the CFO role. As we move forward as a hybrid fiber / fixed wireless, voice and internet service provider, we need and value Matt's breadth of knowledge as one of the industry's few unquestioned experts in this field. He will be a terrific addition to our Board," commented John Jenkins, Chairman of Rapid Link



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