Emerald Networks Appoints Phillip Magiera as Chief Financial Officer and Board Member New-build submarine cable system connecting North America to Europe and Iceland continues strategic growth and expansion of executive team

ATLANTA, June 26, 2012 /PRNewswire/ -- Emerald Networks, a new-build network submarine cable system that will connect North America to Europe and Iceland with extraordinary new capacity, is pleased to announce and welcome Mr. Phillip Magiera as its new Chief Financial Officer and member of the company's Board of Directors.

Mr. Magiera is a highly experienced telecommunications investor, CEO, CFO and board member.  As a seasoned executive, he brings more than 25 years of experience to Emerald Networks, including raising venture capital, private equity, negotiating business acquisitions, developing new products and managing strategic ventures.

Prior to joining Emerald Networks, Mr. Magiera was a founder, CFO and investor in InterAmericas Communications Corporation (NASDAQ: ICCA), and founder, investor and CFO of Worldport Communications (NASDAQ: WRDP). 

Additionally, Mr. Magiera was the founder and CEO of Applied Telecommunication Technologies, Inc., (ATTI), an early telecommunications infrastructure investment fund with assets of $300 million.  ATTI invested in over 24 telecommunications infrastructure businesses including internet and fiber infrastructure opportunities.  Mr. Magiera has also served as Executive Chairman of OpenClinica, the leading open source clinical trials software services provider. 

"Phillip's proven leadership and highly successful track record as a business executive in the telecommunications industry will be invaluable as Emerald Networks continues to grow and construct the highest capacity, low-latency submarine transatlantic cable system," said Emerald Networks CEO and Executive Chairman Dr. William C. Marra.

"I'm excited to work with the Emerald Networks team and be a central part of an organization that is bringing an entirely new level of innovation and efficiency to the submarine transatlantic cable market," said Emerald Networks CFO and board member Phillip Magiera.

This announcement builds on the momentum that Emerald Networks has achieved recently, and is just one of a series of strategic company milestones that Emerald Networks plans to announce in the coming weeks and months. Just last week, the company announced the appointment of Dr. William C. Marra to the position of Chief Executive Officer.

About Emerald Networks

Emerald Networks (www.emeraldnetworks.com), is a new-build network submarine cable system that will connect North America to Europe and Iceland with extraordinary new capacity and will be a low-latency network across the Atlantic.  Emerald Networks is an open network architecture platform that is agnostic and enables upgrades with various new technologies. It will be the first 100G system with a unique route that links Shirley, New York to the West Coast of Ireland with a branch connection to Grindavik, Iceland and a future branch connection to Sesimbra, Portugal. The system is scheduled to be ready for service by fourth quarter 2013.

Media Contact:

Matt Rizzetta

North 6th Agency, Inc.

212-334-9753

mrizzetta@n6a.com

SOURCE Emerald Networks



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