Scottsdale, Arizona 11/5/2008 2:25:38 AM
News / Finance

XO Communications (XOHO.OB) Senior VP and General Counsel Wins Chief Legal Officer Award

www.QualityStocks.Net would like to highlight XO Communications (OTCBB: XOHO). The company is a leading nationwide provider of advanced communications services and solutions for businesses, enterprises, government, carriers and service providers. Its customers include more than half of the Fortune 500, in addition to leading cable companies, carriers, content providers and mobile network operators.

 

In the company’s news yesterday,

 

XO Communications announced that senior vice president and general counsel Simone Wu was named Outstanding Chief Legal Officer as part of WMACCA’s fourth annual Corporate Counsel Awards on the basis of her leadership and ability to execute all executive responsibilities effectively. Wu attributed her success and the company’s to the efforts of her entire legal team.

 

“I was honored to be chosen as this year’s Outstanding Chief Legal Officer by WMACCA,” Wu stated in the press release. “Throughout my tenure at XO Communications, I have had the opportunity to work with some of the industry’s best minds on both the legal and executive sides. This award is a reflection of the entire team’s hard work and dedication to make XO a leader in the telecommunications industry.”

 

In addition to Wu’s award, the entire XO Legal Department was a finalist in the Outstanding Small Legal Department category. The panel of lawyers, executives and other professionals that served as judges for the event recognized the XO legal team and their successful completion of a $780 million transaction that cleared the company’s debt.

 

“In a highly regulated and constantly changing industry like telecommunications, having strong, sharp corporate counsel is essential to a company’s success,” Carl J. Grivner, CEO of XO Communications stated. “Given Simone’s proven ability to juggle and adeptly address a vast array of legal considerations — from commercial and corporate affairs to employment and intellectual property matters — it’s no surprise that she was selected as the region’s top in-house counsel. We are proud to have her as a member of our team and truly value her insights and experience.”

 

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.