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Tuesday
August 7, 1:26 pm Eastern Time
Company Press Release
North
American DataCom Announces Management Changes
IUKA,
Miss. --(BUSINESS WIRE)--Aug. 7, 2001--North American DataCom,
Inc. (OTCBB:NADA - news), the fiber optic and information
technology company, announced the appointment of Jack Freeman
as president and chief operating officer of the Company. Mr.
Freeman will be responsible for daily operations of North
American DataCom (NAD) and the installation of its broadband
network. NAD also announced that Bryan T. Forman has resigned
his position as NAD vice president and president of North
American Infotech, the NAD broadband network subsidiary.
Robert
R. Crawford will remain as chief executive officer and chairman
of the board of directors, and will focus on the Company's
long-term strategic development. ``While we will miss Bryan
Forman's leadership and technical skills,'' said Mr. Crawford,
``the Company is excited that Jack Freeman has come on board.
Mr. Freeman is well known throughout the fiber optic industry
for his lengthy experience including the development of state-of-the-art
fiber optic networks throughout the South as well as in Central
and South America.'' NAD expects to announce its revised plan
for its growing broadband network and data storage operations
this month.
Mr.
Freeman has provided 30 years of engineering and construction
services to telecommunication companies. In 1980, Mr. Freeman
accepted a position with a major telecommunications engineering
and construction firm and was elected president four years
later. In 1994 Mr. Freeman formed Lightwave Services, Inc.,
which provided turnkey solutions to the telecommunications
industry. This company was a major contributing force in the
receipt of a license to develop a carrier's carrier network
in Mexico City, Mexico. Lightwave Services is now a business
unit of Sun America Communications Corporation. Mr. Freeman
remains as its President.
Mr.
Freeman has aggressively built networks in the developing
markets throughout the Southeastern United States. These southern
and international networks provide bandwidth on demand to
their clients. This is similar to the marketing plans NAD
has for its broadband network.
Safe
Harbor Statement
Statements
in this release express management's beliefs and expectations
regarding future performance. These statements are forward-looking
and involve risk and uncertainties. These risks include, but
not limited to, the ability to negotiate venture agreements,
properly identify acquisition partners, manage and integrate
acquired businesses, react to quarterly fluctuation in results,
raise working capital and secure other financing, respond
to competition and other rapidly expanding technology, deal
with market and stock price fluctuation, and other risks.
These risks are and will be detailed, from time to time, in
North American DataCom, Inc. Securities and Exchange Commission
filings. Actual results may differ materially from management's
expectations.
North
American DataCom's principal executive offices are located
at 751 County Road 989, Building 1000, Iuka, MS 38852. For
further information, contact Investor Relations, 662-424-5030,
or by e-mail at investorrelations@nadata.com.
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