Ecuity Establishes Corporate Financial Advisory Board
March 09 2005 - 6:00AM
PR Newswire (US)
Ecuity Establishes Corporate Financial Advisory Board Founding
member named to the SEC Advisory Committee on Small Public
Companies BELLEVUE, WA, March 9 /PRNewswire-FirstCall/ -- Ecuity,
Inc., (OTC BB: ECUI.OB), a leading enhanced Voice over Internet
communications company serving the small-to-medium business and
residential markets, today announced the formation of its new
Corporate Financial Advisory Board. The Corporate Financial
Advisory Board will guide the company's efforts in raising capital,
evaluation of funding opportunities, financial resources
allocation, and overall financial structure and development. The
founding members of the board are James A. "Drew" Connolly III,
President, IBA Capital Funding, Perrineville, N.J; Gary Fowler,
former chief financial officer of Expediters International of
Washington, Inc.; and Shane Smith, Chairman of the Board of
Directors of Ecuity, Inc. Mr. Connolly has just been named by U.S.
Securities and Exchange Commission Chair William H. Donaldson to
the 21-member SEC Advisory Committee on Smaller Public Companies.
The SEC is establishing the advisory committee to examine the
impact of the Sarbanes-Oxley Act and other aspects of the federal
securities laws on smaller companies. Mr. Connolly is a founding
member of the CEO Council, an organization of executives of smaller
public companies. Mr. Connolly is a third generation Wall Street
professional with over 25 years experience as a capital formation
specialist with smaller public companies. Mr. Fowler brings to the
board over 20 years of senior-level financial and accounting
management experience in rapid growth and/or changing environments,
from startup/early-stage to large multi-national corporations.
During his tenure as chief financial officer with Expeditors
International of Washington, Inc., he led the company through an
IPO and a revenue increase from $1.5M to $451M annually. The
company was named to "The Inc. 100 Fastest- Growing Small Public
Companies" and "Forbes 200 Best Small Companies". Prior to his work
at Expeditors International, Mr. Fowler spent nine years at the
large national accounting firm of KPMG LLP, where he was a Senior
Manager in the audit division. He was member of KPMG's Professional
Practice Review Committee, with primary focus on SEC-reporting
companies. Mr. Fowler has also been named as the acting chief
financial officer for Ecuity Advanced Communications. "We are very
pleased and excited to have Drew Connelly and Gary Fowler assist us
in forming the first of several advisory boards," stated Shane
Smith, Chairman of the Board, Ecuity, Inc. "We are also gratified
that Gary Fowler is joining us as a consultant as the acting CFO of
our operating subsidiary company, Ecuity Advanced Communications.
As we continue the transition from a development stage company to a
mature operating entity, we are honored to attract industry
professionals such as Mr. Connelly and Mr. Fowler." As a result of
its success in delivering cutting edge Voice Over Internet Protocol
(VoIP) services to customers nationwide, Ecuity's subsidiary Ecuity
Advanced Communications was named to the 2004 "pulver 100" - which
is the VoIP industry's premiere listing of companies that represent
the future of the communications industry. Ecuity is the first
facilities-based carrier to offer complete business- class VoIP
services, including a "soft phone" and VoWiFi both nationwide and
internationally - with quality equal to or better than traditional
phone service at significant cost savings. Ecuity provides
residential and business class VoIP, broadband services, technical
support, centralized billing and superior customer service. It
offers both Centrex call features and traditional equipment based
PBX call services. About Ecuity, Inc. (http://www.ecuityinc.com/)
Ecuity is a provider of end-to-end unified communication
technologies for the small- to medium-business market. Ecuity uses
secure next-generation voice services, instant messaging, data
transfer, internet, conference calling and enterprise software to
create solutions that meet the communication needs of today's
business world. As a facilities-based carrier, Ecuity has operated
as a traditional telephone company for 17 years, providing service
to thousands of customers in the Northwest. Through the integration
of web-based telecommunications and cutting-edge software
technology, Ecuity economically delivers secure unified
communication solutions that break down distance, time and media
barriers to allow people to communicate anywhere, anytime and
across multiple mediums. Ecuity has offices in Bellevue and
Seattle, Washington. This report includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934. The information in this news release includes certain
forward-looking statements that are based upon assumptions that in
the future may prove not to have been accurate and are subject to
significant risks and uncertainties, including statements as to the
future performance of the company. Although the company believes
that the expectations reflected in its forward-looking statements
are reasonable, it can give no assurance that such expectations or
any of its forward-looking statements will prove to be correct.
Factors that could cause results to differ include, but are not
limited to, successful performance of internal plans, product
development acceptance, and the impact of competitive services and
pricing and general economic risks and uncertainties. For more
information, please contact: For Ecuity: Jennifer Stephens
Telephone: (206) 210-5033 Investor Relations Truc Nguyen VP,
Investor Relations Stern & Co. Telephone: (212) 888-0044 Media
Relations Stan Froelich VP, Media Relations Stern & Co.
Telephone: (212) 888-0044 DATASOURCE: Ecuity, Inc. CONTACT: For
Ecuity: Jennifer Stephens, Telephone: (206) 210-5033, ; Investor
Relations: Truc Nguyen, VP, Investor Relations, Stern & Co.,
Telephone: (212) 888-0044, ; Media Relations: Stan Froelich, VP,
Media Relations, Stern & Co., Telephone: (212) 888-0044,
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