Frontline
Communications Appoints William A. Barron Interim VP/COO to Oversee Final Phase
of Restructuring
Business Editors
& High Tech Writers
Frontline Communications Corp.
(AMEX:FNT; NASDAQ:FCCNW), http://www.frontline.net/,
announced today that it has appointed Frontline Board of Directors' member
William A. Barron as an interim VP/Chief Operating Officer to oversee the final
phase of the Company's restructuring effort.
Mr. Barron, who has served on
Frontline's Board since January 2000, has assumed responsibility for day to day
operations of the Company and will drive its reorganization and consolidation
effort to its conclusion.
The restructuring, which
Frontline announced in November 2000, has resulted in approximately $4 million
in personnel and infrastructure expense reductions on an ongoing basis. The
effort has also resulted in a streamlined, efficient, and effective customer
service program.
"The restructuring goal is
to bring the company to a position of cash flow positive and ultimately to
bring it to profitability," said Frontline President and CEO Stephen J.
Cole-Hatchard. "We are pleased that Bill Barron will be leading the last
phase of this effort."
Previously, Mr. Barron has served
as VP & Chief Financial Officer for Hudson Technologies, Inc., and from
March 1993 until October 1995, served as Chief Financial Officer, Chief
Operating Officer, and President of Diagnostek, Inc.; a NYSE pharmacy benefit
management company employing over 1,700 employees in 39 States. During the 21
years prior to his tenure at Diagnostek, Mr. Barron was employed as a senior
financial manager at five GE business units; including GE Aviation Services.
About Frontline
Founded in 1995, Frontline
Communications Corporation provides high-quality Internet access and Web
hosting services to homes and businesses nationwide. Frontline offers
Ecommerce, programming, and Web development services through its PlanetMedia group, http://www.pnetmedia.com/. Frontline is headquartered in
The statements which are not
historical facts contained in this press release are forward looking statements
that involve certain known and unknown risks and uncertainties, including but
not limited to, changes in the market for Internet services, regulatory and
technological changes, economic factors, increased competition, and the nature
of supplier of customer arrangements which become available to the Company in
the future. The Company's actual results may differ materially from the results
discussed in or implied by any forward-looking statement. The words
"intend," "expect," "should,"
"project," and "anticipate," and
similar expressions identify forward looking statements. Readers are cautioned
not to place undue reliance on these forward looking statements which speak
only as of the date they were made.