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Senior Telecom Executive, Gustavo Gomez, moves into top position at ITS Networks
Mr. Gomez will play the key role as ITS Networks moves to become a dominant player in Spain's telecom industry. Mr. Gomez commented, "I foresee ITS Networks growing rapidly through the expansion of existing services and the introduction of new services. We will develop strategic alliances and partnerships in Spain and the international community. My goal is to make ITS the innovative leader in niche markets giving us a strategic competitive advantage".
Senior Telecom Executive, Gustavo Gomez, moves into top position at ITS Networks
ITS Networks, Inc. (OTCBB:ITSN) today announced the appointment of Gustavo
Gomez Sanchez as their new President and Chief Executive Officer. Mr. Gomez will play the key role as ITS Networks moves to become a dominant player in Spain's telecom industry.
Mr. Gomez commented, "I foresee ITS Networks growing rapidly through the expansion of
existing services and the introduction of new services. We will develop strategic alliances and partnerships in Spain and the international community. My goal is to make ITS the innovative leader in niche markets giving us a strategic competitive advantage".
Gomez notes, "The Spanish telecom market is extremely competitive and, as such,
you either continuously differentiate yourself or you'll end up getting
lost in the crowd. Creating recognized value for our customers in a cost
effective fashion is what it's all about. The successful execution of our
strategy will undoubtedly improve operating margins".
Already a recognized figure in the European telecommunications industry,
Gustavo Gomez founded OpenVia S.L., a firm that has provided valuable consulting
to equipment manufacturers in Spain and the U.S., as well as
service providers in Spain and China. Mr. Gomez serves on the Board of Directors
of China Broadband Networks, a Shanghai-based telecom using
American broadband access technology.
Previously, Mr. Gomez co-founded Broadband Optical Access S.A., a
Spain-based carriers' carrier offering wholesale broadband capacity
for the last-mile bottleneck. He served as Deputy Commercial Director of Telefonica's International Communications Business unit, Director of Services Marketing for Retevision, and in senior sales director positions at Motorola and Nortel. Gomez is well known throughout the telecom industry in Spain.
Gustavo received a Bachelor of Electrical Engineering from McGill
University, Montreal and his MBA from Madrid's Instituto de Empresa. He is
a member of the Order of Professional Engineers of Quebec, and a member of
The Institute of Electrical and Electronic Engineers.
Mr. Gomez will replace Frederic Cohen as President. Mr. Cohen will remain with
ITS as an essential senior administrator. Cohen stated, "Having headed
up the Company during its formative years, we have brought ITS Networks to its
current respected position. Now, Gustavo's leadership will allow ITS to
expand and grow even further. Gustavo is uniquely qualified, bringing with him a
wealth of experience, vision and energy, as well as many deep-rooted
relationships with key corporate figures at Fortune 1000 companies".
ABOUT ITS NETWORKS:
ITS Networks, Inc. through its wholly owned subsidiary I.T.S. Europe S.L.,
A Spanish telecommunications Company, is a major provider in the
Telecommunications industry in Europe. ITS Networks, Inc. is one of a
Select few Spanish Corporations to be quoted on a U.S. stock exchange. ITS
Networks provides commercial and residential users in Spain and areas of Europe with
an abundance of services including Direct Pre-Selected Fixed Line,
cellular, E-mail, Broadband, Dial Around Calling, Calling Cards, Auto Dialers, Call
Back, B2B E-Commerce programs as well as Internet/Web Design Services.
www.itseurope.es
Forward Looking Statements:
Except for the historical information contained herein, the statements in this press release are forward-looking statements that involve risks and uncertainties. Potential risks and uncertainties include, without limitation, continued competitive pressures in the marketplace; the effect competitive and economic factors and the Company's reaction to them may have on consumer and business buying decisions with respect to the Company's products; the ability of the Company to make timely delivery of new products and successful technological innovations to the marketplace; the continued availability of certain components and services essential to the Company's business currently obtained by the Company from sole or limited sources. More information on potential factors that could affect the Company's financial results is included from time to time in the Company's public reports filed with the SEC.
CONTACT:
Mr. Jerry Jennings
Emerson Gerard Associates
561-964-3124
603-806-8508 fax
mediareply@egaplus.com
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