2nd May 2006 07:01
AdEPT Telecom plc02 May 2006 2nd May 2006 Mark Palios joins AdEPT Telecom AdEPT Telecom plc ("AdEPT" or "the Company"), is pleased to announce theappointment of Mark Palios as a Non-Executive Director with immediate effect. Mark, aged 53 is a highly experienced business leader who during his 17 years asa Partner at PricewaterhouseCoopers has built extensive relationships with theCity and financial institutions. A chartered accountant, Mark rose to become aSenior Partner at PricewaterhouseCoopers, where amongst other roles he was theUK leader for the Business Regeneration practice. Mark is perhaps best known for his time as CEO of The Football Association. Heis credited with saving The FA from a severe financial crisis and undertaking anorganisational and financial restructuring that enabled The FA to manage itsrisks around the Wembley project and continue to invest in the national sport. Roger Wilson, Chairman of AdEPT said: "We are delighted that Mark has agreed tojoin us. His extensive M&A experience will be a significant asset for the Boardas we continue to build the business via acquisition. We have already completedand integrated two acquisitions this year, taking our total to 12 within threeyears, and there is undoubtedly scope for further consolidation" Commenting on his appointment, Mark Palios said: "I am very pleased to bejoining the team. AdEPT is an ambitious business as shown by their acquisitionand integration track record to date and one which is likely to grow into asubstantial business over the next few years." Previous directorships and partnerships held within the past five years: • The FA • Wembley National Stadium Limited • PricewaterhouseCoopers There is no further information required to be disclosed under schedule 2 (g) ofthe AIM rules. Enquiries +--------------------+------------------------------+------------------+|Adept Telecom |Roger Wilson |Tel: 01491 571120 || | | || |Chairman | |+--------------------+------------------------------+------------------+|Cardew Group |Tim Robertson |Tel: 020 7930 0777|| | | || |M: 07900 927650 | || | | || |Shan Shan Willenbrock | |+--------------------+------------------------------+------------------+ Notes for Editors: AdEPT Telecom is a leading non-network, UK telecom company that providesfixed-line calls and line rental to business and residential customers in theUK. AdEPT Telecom is focused on growing the business by way of acquisition andhas a proven M&A track record and an effective integration process. Sinceinception, it has completed and integrated 12 acquisitions, including AdmiralManaged Networks Limited, which it acquired on 24 March 2006. The acquisition ofAdmiral Managed Networks Limited added a further 1,000 business customers whoare now receiving bills under the AdEPT Telecom brand. AdEPT Telecom is listedon the Alternative Investment Market ("AIM") under the ticker symbol ADT.L. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ADT.L