Alteva Announces Appointment of Interim CEO

PHILADELPHIA, PA--(Marketwired - May 7, 2014) - Alteva, Inc. ("Alteva" or the "Company") (NYSE MKT: ALTV), a premier provider of hosted Unified-Communications-as-a-Service, (" UCaaS"), announced today that its Board of Directors has appointed board member Brian J. Kelley as its Interim Chief Executive Officer (CEO), effective immediately. The Special Committee of the Board is in the process of conducting a search for a permanent CEO. Mr. Kelley joined Alteva's Board in November 2013. He is the Chief Executive Officer of Four Winds Advisors LLC, focused on advising technology focused clients on restructuring, turnaround and business development. Prior to establishing Four Winds, Mr. Kelley served as CEO, snom Technology, Inc., Woburn, Massachusetts, a leading global provider in designing, manufacturing and marketing VoIP communications equipment. 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. As Interim Chief Executive Officer, Mr. Kelley will work with Alteva's management team and the other members of the Board to facilitate an orderly leadership transition. Mr. Kelley will remain on Alteva's Board, but will no longer serve on its Audit or Compensation Committees. Board member Douglas Benedict will replace Mr. Kelley as the chair of the Compensation Committee. More at www.alteva.com