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Rapid Link Announces New CEO, CFO, and Board Member
Rapid Link Restructures Executive Management in Manner Consistent With Recent Expansions and Growth as a Hybrid Fiber Fixed Wireless Provider

Rapid Link, Incorporated (OTCBB: RPID), 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.
About Rapid Link
Rapid Link, Incorporated (www.rapidlink.com) is a Diversified Communication
Services company, supplying bundled internet and voice services to Business
and Residential customers. Rapid Link offers broadband access via its own
facilities to ensure fast and reliable delivery of its content. As a
leading licensed WiMAX carrier, Rapid Link is on the cutting edge of this
exciting new technology. We are one of the only carriers that can offer an
end-to-end solution for our customers without a dependency on any other
company's resources.
For more information, visit www.rapidlink.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: With the exception of historical information, the statements set
forth above include forward-looking statements that involve risk and
uncertainties. The Company wishes to caution readers that a number of
important factors could cause actual results to differ materially from
those in the forward-looking statements. Those factors include, but are not
limited to, risks and uncertainties such as the failure to satisfy
contractually agreed upon closing conditions that may delay or prevent the
closings of subsequent debt financings contemplated by the applicable
agreements; the risk factors noted in the Company's filings with the United
States Securities and Exchange Commission, such as the trading price of the
Company's common stock reaching levels that would cause funding to occur;
the rapidly changing nature of technology, evolving industry standards and
frequent introductions of new products, services and enhancements by
competitors; the competitive nature of the markets for the Company's
products and services; the Company's ability to gain market acceptance for
its products and services; the Company's ability to fund its operational
growth; the Company's ability to attract and retain skilled personnel; the
Company's ability to diversify its revenue streams and customer
concentrations; and the Company's reliance on third-party suppliers.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
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Tags: ,Computers and Software:Internet, Retail:ConsumerElectronics, Telecom:CableandSatelliteServices, Telecom:TelecommunicationEquipment, Telecom:TelecommunicationServices, ,OTCBULLB,OTCBULLB,NE,OMAHA, NE
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