Coyote Network Systems Appoints Ira Tabankin VP... -
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Published on: 8/21/1999
Last Visited: 8/8/2000
Coyote Network Systems Appoints James R. McCullough as Chief Executive Officer ; Company Plans to Restructure to Position for Growth ; Announces $ 15 Million Vendor Finance Facility for Customers.
Coyote Network Systems Appoints Ira Tabankin VP Worldwide Marketing
Coyote Network Systems, IncNEWS RELEASE
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Coyote Network Systems Appoints James R. McCullough as Chief Executive Officer ; Company Plans to Restructure to Position for Growth ; Announces $ 15 Million Vendor Finance Facility for Customers.
Westlake Village, CA – January 27, 2000 – Coyote Network Systems, Inc. (Nasdaq : CYOE) today announced the appointment of James R. McCullough to the position of Chief Executive Officer.McCullough, who will be nominated to serve as a member of Coyote's Board of Directors, succeeds James J. Fiedler as CEO.Fiedler continues as Chairman of the Board and will work closely with McCullough to develop and position Coyote in the global applications service provider (ASP) market.
Coyote Network Systems has the opportunity to become a true global ASP, said McCullough.The Company's existing business platform, which Jim Fiedler has put in place, will position us to aggressively grow our customer base for both hardware and network services.Beginning immediately, we will focus on recapitalizing and repositioning the Company, both domestically and internationally, to enhance shareholder value and to improve Coyote's earnings and business..
In an unrelated development, the Company also announced it signed a $ 15 million vendor finance facility with First Venture Leasing, LLC.The leasing program creates a financing package for equipment and services for Coyote's customers and to expand its own network.The lease financing is subject to certain conditions.
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McCullough has been a partner and cofounder of consulting firms that specialize in advising high-technology start-ups and turnarounds.McCullough received his MBA from Columbia Business School.
About Coyote Network Systems
Based in Westlake Village, CA, the Company provides telecom switching equipment, network carrier services and applications, primarily to emerging and entrepreneurial carriers.Coyote delivers revenue-generating solutions that enable carriers to bundle local, long distance and Internet services.Coyote is positioned to take advantage of high growth opportunities in Voice over Internet Protocol (VoIP), application services and next generation networks.For more information, please visit the Company's Web site : www.cyoe.com, or call 1-800-588-3000.