PHILADELPHIA, PA – August 07, 2013 – The Board of Directors of Alteva, Inc. (the “Company”) (NYSE MKT: ALTV), announced today the appointment of Brian J. Kelley and Edward J. Morea to its Board of Directors effective November 1, 2013, to fill the existing vacancy on the Board and the vacancy to be created by the forthcoming retirement from the Board by Mr. Robert DeValentino in October 2013. Both Mr. Kelley and Mr. Morea each will serve until the next annual meeting of shareholders or until their successor is duly elected and qualified. Upon Mr. DeValentino’s retirement in October, the number of Alteva’s Board of Directors will be six members, including five directors that are independent under NYSE regulations.
Commenting on the new director appointments, Alteva Chairman of the Board, Robert DeValentino stated, “As Alteva’s industry continuously evolves, Mr. Kelley’s over 30 years of technology sales leadership and management experience will be a major advantage to continuing the transformation of our business and maximizing shareholder value. In addition, Mr. Morea’s deep and broad-based industry expertise, understanding of next generation communication technologies and sales expertise will bring a new perspective to our board.”
About Brian J. Kelley:
Brian J. Kelley, age 62, is the Chief Executive Officer at snom Technology, Inc., Woburn, Massachusetts, a leading global provider in designing, manufacturing and marketing VoIP communications equipment; Mr. Kelley also serves as an Executive Board Member for the German parent company snom Technology AG. From 2008 to 2012 Mr. Kelley served on the Board of Directors of Tii Network Technologies, Inc., in Edgewood, New York, serving as Board Chairman beginning in 2010 and President and CEO beginning in 2011. Previously, Mr. Kelley was the President of TAMCO Technology, Tampa, Florida, a financial solutions-focused business management and development company, focusing on telecommunications asset management and financing solutions; was the President and Chief Executive Officer of Cognitronics Corporation, Danbury, Connecticut, a company that provided central-office communications technology hardware and software solutions. Mr. Kelley also held senior management positions with TIE Communications, Inc., Seymour, Connecticut, a publicly-traded diversified telecommunications services company.
Mr. Kelley holds a Bachelor of Arts degree in Economics from the University of New Hampshire and a Masters in Business Administration degree from the University of Connecticut.
About Edward J. Morea:
Edward J. Morea, age 52, is a Client Services Executive for Cisco Systems Inc., Moorestown, New Jersey, a worldwide leader that designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries. Currently, Mr. Morea leads a team that focuses on Services Sales in the Cable/Multiple System Operator (“MSO”) segment. From 2005 until recently, Mr. Morea was a Sales Director at Alcatel-Lucent Technologies, Murray Hill, New Jersey, a company that provides networking and communications technology, products, and services to service providers, enterprises, and governments worldwide. At Alcatel-Lucent, Mr. Morea successfully led the company into MSOs with Services Sales supporting projects such as Cell Site Backhaul, Wi-Fi Planning, Multi-Vendor Support, Design and Deployment Services, as well as Network Operations outsourcing. Previously, Mr. Morea was Vice President of the Northeast for TechMahindra, South Plainfield, N.J., a global system integrator and business transformation consulting organization focused on the communications industry, where Mr. Morea piloted a team in the Northeast on offshore Network Operations outsourcing sales and delivery. Mr. Morea has also held executive positions at Telcordia Technologies, Inc., Red Bank, New Jersey, a leading global provider of telecommunications network software and services for IP, wireline, wireless and cable; and Verizon, New York, New York, a global leader in delivering broadband and other wireless and wireline communications services.
Mr. Morea holds a Bachelor degree in Electrical Engineering from Maritime College-State University of New York and a Masters in Business Administration degree in Finance from Fordham University.