WARWICK, NY - July 20, 2012 - Warwick Valley Telephone
Company (NASDAQ: WWVY) (the "Company"), referred to as
WVT Communications
Group, the parent company of leading cloud
communications pioneers, today announced the appointment of
David J. Cuthbert as President. Mr. Cuthbert will
continue to serve as the Company's Chief Operating Officer.
The management change effectively separates
the president and chief executive officer roles, which had
been held by Duane W. Albro since 2007.
The decision to separate the two roles further bolsters the
Company's growth strategy by enabling Mr. Albro, who
remains the Chief Executive Officer of WVT Communications
Group, to continue his focus on driving the strategic
direction of the overall business. Working alongside Mr.
Albro since joining the Company last year following the
acquisition of Alteva, Mr. Cuthbert's duties now include
overseeing all the operations of WVT Communications Group
and all of its subsidiaries. Mr. Cuthbert will
continue to serve on the Company's Board of Directors, a
seat he has held since December 2011.
Commenting on the management appointment, Mr. Albro said,
"With the transformation of our Company enabled by the
support of the NY Public Service Commission in its recent
positive ruling on our holding company petition, we
continue our evolution as a cloud communications
company. We are already the ninth largest hosted IP
telephony and unified communications provider* and believe
we are now better positioned than ever to tap into this
large and fast growing market. A key step forward in
our transformation and growth strategy is David's elevation
to the post of President, which allows him to assume an
increasingly broad leadership role. As COO, David has
demonstrated impressive operational and financial
capabilities along with incredibly strong character and
commitment.Importantly, David and I share a vision of
growing WVT Communications Group into the leading cloud
communications provider while endeavoring to deliver
shareholder value."
Mr. Cuthbert, age 37, has strong operational management and
leadership experience. He joined Alteva, LLC in 2006 as the
Director of Operations and in August 2010 rose to the
position of President and CEO. He is a graduate of the
United States Naval Academy and a former Naval Special
Operations Officer. In this capacity, he led underwater and
land bomb disposal teams domestically and abroad. In 2003,
Mr. Cuthbert was assigned leadership responsibility for the
Navy's leading nuclear weapon casualty response detachment.
His process innovation and mission accomplishment record
earned him several high level unit and individual awards
for leadership. Mr. Cuthbert is active in groups advocating
cloud-based unified communications solutions and is a
founding member of "The Captains", a Naval Academy
networking group focused on professional development, peer
mentorship, and social responsibility. David also serves on
the Board of Trustees for the United States Naval Academy
Foundation.
WVT Communications Group, is a world technology leader in
providing cloud-based Unified Communications (UC) solutions
for small, medium and enterprise businesses. The
Company has maintained a tradition of paying dividends to
shareholders for 104 consecutive years. Founded in 1902,
the Company has continued to adapt and remain on the
forefront of technology, chiseling its position among the
most stable and respected communications vendors on the
globe. Moving forward, it is forging the new model that
communications providers, large and small, are striving to
emulate. WVT Communications Group is merging new
innovations, such as those from Alteva and USA Datanet,
with proven technology from industry leaders like
Microsoft, Cisco, BroadSoft, Panasonic, and Polycom to
build the ideal hosting architecture for
communications.
Through its USA Datanet (targeting businesses under 35
employees), Alteva (targeting businesses over 35 employees
and those with branch offices), and Warwick Valley
Telephone (a highly-respected traditional telecom provider
turned premier regional broadband company) businesses, WVT
Communications Group is enabling businesses of any size to
communicate more efficiently with hassle-free
communications tools. By overlaying a UC division on its
stabile, regional broadband company, WVT Communications
Group has positioned itself in front of its peer legacy
telecom companies and created an evolutionary change in its
strategy. With this, the Company may offer its residential
customers a similar suite of UC applications and services
for use in a home environment that its business customers
can enjoy. Visit www.wvtcg.com or call
855-U-GO-CLOUD.
*Frost & Sullivan Analysis, March 2012
All trademarks are the properties of their respective
owners.
Investor contact:
Jordan Darrow
Darrow Associates, Inc.
631-367-1866
jdarrow@darrowir.com
PR Contact:
Melissa Lande
Lande PR
212-706-9003
mlande@landepr.com
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