In the company’s news yesterday,
WorldGate Communications, Inc. announced that it has established a team of telecommunication industry luminaries for its board of directors. Effective immediately, Anthony Cassara, President of Cassara Management Group Inc.; Richard Nespola, Chairman and CEO of The Management Network Group Inc.; and Geoffrey Boyd, former CFO of Eschelon Telecom have joined Robert Stevanovski, Chairman and Co-Founder of ACN and New Chairman of WorldGate, along with David Stevanovski, Chief Operating Officer of ACN, and Greg Provenzano, President and Co-Founder of ACN, on the company’s board of directors.
“We are putting together a dream board,” Mr. Robert Stevanovski commented. “A leading group of telecommunications executives that have extensive relationships with many of the world’s top communication companies, along with a broad spectrum of industry experience and proven track records growing start-ups and small companies into large, highly profitable companies. They share our vision for WorldGate — To bring innovative video technology to customers around the world and the commitment to build long-term shareholder value.”
Continuing with its mission of restructuring and strengthening the company, WoldGate announced Harold M. Krisbergh’s resignation as Chief Executive Officer and Randall J. Gort’s resignation from his position as General Counsel. Mr. Krisbergh has also resigned as a member of the Company’s Board of Directors. “WorldGate continues to have a great opportunity to lead the video phone industry because of Hal’s vision and it is a position that we believe WorldGate will strengthen as we move forward,” stated Mr. Stevanovski.
“These moves are only the beginning,” added Mr. Stevanovski. “We are actively working to expand our current team by bringing in another new board member, a new CEO, a new sales and marketing leader, a new in-house general counsel and additional engineering resources. Many of these changes are in progress and are expected to be announced over the next 30 days. We are also actively looking for new office space very close to our current WorldGate headquarters in the Tevose area, to ensure our engineering team has the necessary capacity for today’s requirements and our future growth. These are exciting times at WorldGate as we position ourselves for the next generation of video telephony.”
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