FREEHOLD, N.J., Aug. 19 /PRNewswire-FirstCall/ -- Speedus Corp. (NASDAQ: SPDE) has promoted John Kallassy to chief financial officer, effective August 12, 2009. Kallassy has served as executive vice president of Speedus since 2001 and will continue serving in the role of chief executive officer of Zargis Medical Corp., a post which he has held for the past 4 years. Zargis is a majority-owned subsidiary of Speedus. "John has done an outstanding job as Zargis' CEO, where he successfully led the company from its research and development stage to a comprehensive product launch through a global marketing alliance with 3M," stated Shant Hovnanian, Speedus' chairman and CEO. "John's enthusiasm is contagious and he has certainly earned this promotion and expanded role." Prior to his leadership roles at Zargis and Speedus, John was a founder and the CEO of American Data Consultants (ADC), a firm specializing in information services and market research. John sold ADC to R.L. Polk in 1997 and continued his employment for three years at R.L. Polk as the ADC division president and later as a corporate vice president where he led the product management and analytical consulting groups for the $100 million business unit. John holds a Bachelor of Science degree from the State University of New York which was completed during a year of pharmacology studies at Leeds University in Leeds, England, and earned his MBA from the Johnson School of Management at Cornell University. About Speedus Corp. Additional information on Speedus Corp. may be obtained at http://www.speedus.com/ or by contacting Peter Hodge at 888-773-3669 (ext. 23) or . Statements contained herein that are not historical facts, including but not limited to statements about the Company's product, corporate identity and focus, may be forward-looking statements that are subject to a variety of risks and uncertainties. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including, but not limited to, the continuing development of the Company's sales, marketing and support efforts. DATASOURCE: Speedus Corp. CONTACT: Peter Hodge, 1-888-773-3669 (ext. 23), Web Site: http://www.speedus.com/

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