XO
Communications Appoints Two New Members to Board of
Directors [July 9, 2004]
RESTON,
Va., Jul 9, 2004 (BUSINESS WIRE) -- XO Communications,
Inc. (OTCBB:XOCM.OB) today announced the appointment
of Fredrik G. Gradin and Robert L. Knauss to the XO
Communications Board of Directors. Both Gradin and Knauss
join the board as independent directors and will serve
on the board's audit committee.
Fredrik Gradin has been president and
CEO of Explorer Group Inc., an investment management
company, since its inception in 1998. Prior to founding
Explorer Group Inc., Mr. Gradin served as president
of Spectron Energy, Inc., a leading energy brokerage
company. Mr. Gradin holds a Bachelor of Arts degree
from Rice University.
Robert Knauss currently serves as an
independent director on the boards of the NYSE-traded
investment funds Equus II, Inc. and The Mexico Fund,
Inc. In the past twenty years Mr. Knauss has served
on the boards of seven public companies. He previously
served as chairman of Philip Services Corporation from
1998 to 2000 and from 2002 to 2003. Mr. Knauss also
previously served as the dean of the University of Houston
Law Center and Vanderbilt University Law School. Knauss
holds a J.D. degree from the University of Michigan
and a Bachelor of Arts degree from Harvard College.
"We're pleased to have Fred and
Bob join the board of directors," said Carl Icahn,
chairman of XO Communications. "Their respective
backgrounds and leadership will complement the wealth
of experience we have on our board today."
About XO Communications
XO Communications is a leading provider
of national and local telecommunications services to
businesses, large enterprises and telecommunications
companies. XO offers a complete portfolio of services,
including local and long distance voice, dedicated Internet
access, private networking, data transport, and Web
hosting services as well as bundled voice and Internet
solutions. XO provides these services over an advanced,
national facilities-based IP network and serves more
than 70 metropolitan markets across the United States.
For more information, visit www.xo.com.
THE STATEMENTS CONTAINED IN THIS RELEASE
THAT ARE NOT HISTORICAL FACTS ARE "FORWARD-LOOKING
STATEMENTS" (AS SUCH TERM IS DEFINED IN THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995). THESE STATEMENTS
INCLUDE THOSE DESCRIBING XO'S EXPECTED FUTURE BUSINESS
AND NETWORK OPERATIONS AND RESULTS OF OPERATIONS, XO'S
ABILITY TO ACHIEVE PROJECTED SYNERGIES AND REVENUE FROM
THE ACQUISITION OF ALLEGIANCE'S ASSETS IN A TIMELY MANNER
OR AT ALL, XO'S ABILITY TO INCREASE SALES, AND XO'S
ABILITY TO CONTINUE TO IMPLEMENT EFFECTIVE COST CONTAINMENT
MEASURES. MANAGEMENT CAUTIONS THE READER THAT THESE
FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS AND
ARE SUBJECT TO RISKS AND UNCERTAINTIES AND ACTUAL RESULTS
MAY DIFFER MATERIALLY FROM THOSE INDICATED IN THE FORWARD-LOOKING
STATEMENTS AS A RESULT OF A NUMBER OF FACTORS. THESE
FACTORS INCLUDE, BUT ARE NOT LIMITED TO, THOSE RISKS
AND UNCERTAINTIES DESCRIBED FROM TIME TO TIME IN THE
REPORTS FILED BY XO COMMUNICATIONS, INC. WITH THE SECURITIES
AND EXCHANGE COMMISSION, INCLUDING ITS ANNUAL REPORT
ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2003 AND
ITS QUARTERLY REPORTS ON FORM 10-Q.
SOURCE: XO Communications, Inc.
XO Communications, Inc.
Chad Couser, 703-547-2746
chad.couser@xo.com |
