Rhythms Announces Organizational Changes

Apr 03, 2001, 01:00 ET from Rhythms NetConnections Inc.

    ENGLEWOOD, Colo., April 3 /PRNewswire/ -- Rhythms NetConnections Inc.(TM)
 (Nasdaq:   RTHM), an international provider of broadband communication services,
 announced today that Catherine Hapka, Rhythms'(TM) Chairman and Chief
 Executive Officer, has resigned as an officer and director of the Company,
 effective as of April 2, 2001.  Ms. Hapka's last day at the Company will be
 May 1, 2001.  Steve Stringer, Rhythms' President and Chief Operating Officer,
 has assumed the responsibilities of CEO and will retain his current title.
     Mr. Stringer said, "On behalf of all Rhythms' employees, I want to thank
 Catherine for her vision and many contributions to the Company over the past
 four years."
     Mr. Stringer, 46, has been Rhythms' President and COO since May 1999.
 Prior to joining Rhythms, Mr. Stringer served in various positions at GE
 Capital from 1996 to May 1999, most recently as Global Chief Operating Officer
 of GE Capital IT Solutions.  Before that, Mr. Stringer served in various
 positions at Ameridata from 1991 until 1996, the year in which it was acquired
 by GE Capital.
     Ms. Hapka said, "I believe Steve Stringer has the ability to lead Rhythms
 through the challenges  that lie ahead."
     Mr. Kevin Compton, a member of the Rhythms' Board of Directors, said, "On
 behalf of the Board, we want to thank Catherine Hapka for her service to the
 Company and to express our complete confidence in, and our total support for,
 Steve Stringer and our Executive Vice President and Chief Financial Officer,
 Jay Braukman.  We have a very talented senior management team in place that is
 ready to lead Rhythms forward."
 
     About Rhythms
     Based in Englewood, Colo., Rhythms NetConnections Inc. (Nasdaq:   RTHM)
 provides DSL-based, broadband communication services to businesses and
 consumers.  Telecommunications services for Rhythms are provided by Rhythms
 Links Inc., a wholly owned subsidiary of Rhythms.  For more information, call
 1-800-RHYTHMS (1-800-749-8467), or visit the company's Web site at
 www.rhythms.com.
 
     The statements contained in these materials which are not historical facts
 may contain forward-looking statements with respect to events, the occurrence
 of which involve risks and uncertainties.  Such statements are indicated by
 words or phrases such as "anticipate," "estimate," "projects," "believes,"
 "intends," "expects" and similar words and phrases.  The following are
 important factors that could cause Rhythms' actual results to differ
 materially from those expressed or implied by such forward looking statements:
 the highly competitive nature of the DSL market; the rapid rate of
 technological change in the telecommunications industry; Rhythms' history of
 operating losses and the unproven nature of its business model; customer
 agreements are generally non-exclusive and terminable by the customer on short
 notice; several customers are young, emerging companies that are not fully
 funded;  Rhythms' existing capital structure may affect its ability to raise
 additional capital or to service its existing debt and preferred stock
 obligations in the future; Rhythms' dependence on incumbent carriers for
 collocation and transmission facilities and on unrelated strategic third
 parties for certain sales and marketing services, equipment installation and
 fiber optic transport facilities; the need to retain and attract key
 personnel; and other economic, business, competitive and governmental and/or
 regulatory risks detailed in Rhythms' filings with the Securities and Exchange
 Commission.  Rhythms undertakes no obligation to review or confirm analysts'
 expectations or estimates or to release publicly any revisions to any
 forward-looking statements after the date hereof or to reflect the occurrence
 of unanticipated events.
 
 

SOURCE Rhythms NetConnections Inc.
    ENGLEWOOD, Colo., April 3 /PRNewswire/ -- Rhythms NetConnections Inc.(TM)
 (Nasdaq:   RTHM), an international provider of broadband communication services,
 announced today that Catherine Hapka, Rhythms'(TM) Chairman and Chief
 Executive Officer, has resigned as an officer and director of the Company,
 effective as of April 2, 2001.  Ms. Hapka's last day at the Company will be
 May 1, 2001.  Steve Stringer, Rhythms' President and Chief Operating Officer,
 has assumed the responsibilities of CEO and will retain his current title.
     Mr. Stringer said, "On behalf of all Rhythms' employees, I want to thank
 Catherine for her vision and many contributions to the Company over the past
 four years."
     Mr. Stringer, 46, has been Rhythms' President and COO since May 1999.
 Prior to joining Rhythms, Mr. Stringer served in various positions at GE
 Capital from 1996 to May 1999, most recently as Global Chief Operating Officer
 of GE Capital IT Solutions.  Before that, Mr. Stringer served in various
 positions at Ameridata from 1991 until 1996, the year in which it was acquired
 by GE Capital.
     Ms. Hapka said, "I believe Steve Stringer has the ability to lead Rhythms
 through the challenges  that lie ahead."
     Mr. Kevin Compton, a member of the Rhythms' Board of Directors, said, "On
 behalf of the Board, we want to thank Catherine Hapka for her service to the
 Company and to express our complete confidence in, and our total support for,
 Steve Stringer and our Executive Vice President and Chief Financial Officer,
 Jay Braukman.  We have a very talented senior management team in place that is
 ready to lead Rhythms forward."
 
     About Rhythms
     Based in Englewood, Colo., Rhythms NetConnections Inc. (Nasdaq:   RTHM)
 provides DSL-based, broadband communication services to businesses and
 consumers.  Telecommunications services for Rhythms are provided by Rhythms
 Links Inc., a wholly owned subsidiary of Rhythms.  For more information, call
 1-800-RHYTHMS (1-800-749-8467), or visit the company's Web site at
 www.rhythms.com.
 
     The statements contained in these materials which are not historical facts
 may contain forward-looking statements with respect to events, the occurrence
 of which involve risks and uncertainties.  Such statements are indicated by
 words or phrases such as "anticipate," "estimate," "projects," "believes,"
 "intends," "expects" and similar words and phrases.  The following are
 important factors that could cause Rhythms' actual results to differ
 materially from those expressed or implied by such forward looking statements:
 the highly competitive nature of the DSL market; the rapid rate of
 technological change in the telecommunications industry; Rhythms' history of
 operating losses and the unproven nature of its business model; customer
 agreements are generally non-exclusive and terminable by the customer on short
 notice; several customers are young, emerging companies that are not fully
 funded;  Rhythms' existing capital structure may affect its ability to raise
 additional capital or to service its existing debt and preferred stock
 obligations in the future; Rhythms' dependence on incumbent carriers for
 collocation and transmission facilities and on unrelated strategic third
 parties for certain sales and marketing services, equipment installation and
 fiber optic transport facilities; the need to retain and attract key
 personnel; and other economic, business, competitive and governmental and/or
 regulatory risks detailed in Rhythms' filings with the Securities and Exchange
 Commission.  Rhythms undertakes no obligation to review or confirm analysts'
 expectations or estimates or to release publicly any revisions to any
 forward-looking statements after the date hereof or to reflect the occurrence
 of unanticipated events.
 
 SOURCE  Rhythms NetConnections Inc.