Global Telecom & Technology Adds New Independent Member to Its Board of Directors
MCLEAN, Va., December 4, 2007 - Global Telecom & Technology, Inc. (“GTT”),
(OTCBB: GTLT), a global Multi-Network Operator (MNO), today announced, effective
December 1, 2007, it has expanded its Board of Directors to ten members and that
Theodore (Ted) B. Smith, III, chairman, president and chief executive officer of John
Hassall, Inc., has joined the Board as an independent director.
As a Director, Mr. Smith, along with GTT’s other board members, will assist the
Company with the strategic execution of its multi-network operator strategy, ensure that
the Company is focused on delivering increased shareholder value and provide overall
support to the Company’s global operations and business development efforts.
"We are very pleased to have Ted as a member of our Board of Directors,” said Richard
D. Calder, Jr., president and chief executive officer of GTT. “He will be a tremendous
asset as we continue to expand our business to take advantage of current market
opportunities and position the company to leverage from the growth in telecom services
on a global basis. We look forward to the contributions and leadership Ted will bring
GTT given his considerable operational, capital markets, and financial experience.”
Theodore B. Smith, III, 44, has been the president and chief executive officer of John
Hassall, Inc., a privately held manufacturer of specialty fasteners located on Long Island
with partnerships in Japan and China, since 2004 and president since 1997. Mr. Smith
began his tenure with John Hassall in 1989. Mr. Smith began his career in 1986 at Bear
Sterns where he was a member of their Institutional Equities Sales group. Mr. Smith
graduated from Colgate University in 1986 with an undergraduate degree in Economics
and Art history.
About GTT
Global Telecom & Technology, Inc. is a new type of service provider -- a Multi-Network
Operator. GTT designs solutions based on its customer’s requirements, using a
combination of multiple telecommunications networks and technologies. Unlike
traditional network centric carriers, GTT provides best-of-breed solutions by procuring,
integrating and managing components of these various networks on its customers’
behalf. GTT has taken the inherent advantages of the Multi-Network Operator approach
to a new level through a combination of powerful network design and pricing tools; a
global service footprint; a deep and broad set of strategic vendor relationships; and
above all, an expert team committed to delivering outstanding end-to-end customer
service. Headquartered in McLean, Virginia and with offices in London, Paris,
Düsseldorf, and New York, GTT provides a global service footprint covering more than
70 countries, and it has more than 200 customers and in excess of 100 carrier
partnerships around the world. For more information visit the GTT web site:
http://www.gt-t.net
Forward-Looking Statements
Some of the statements made by GTT in this press release, including without limitation
statements regarding GTT's anticipated future growth, financial performance and
transactional activity, are forward-looking in nature. GTT intends that any forward-
looking statements, as defined in Section 21E of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), shall be covered by the safe harbor provisions for
such statements contained in Section 21E of the Exchange Act. Statements that are
predictive in nature, that depend upon or refer to future events or conditions, or that
include words such as "may," "will," "should," "expects," "anticipates," "intends," "plans,"
"believes," "estimates," "predicts," "potential," "continues" and similar expressions are
forward-looking statements. Forward-looking statements involve known and unknown
risks and uncertainties that may cause GTT’s actual future results to differ materially
from those projected or contemplated in the forward-looking statements. GTT believes
that these risks include, but are not limited to: GTT's ability to develop and market new
products and services that meet customer demands and generate acceptable margins;
GTT's ability to execute with respect to growth plans and/or acquisition strategies;
GTT's reliance on several large customers; the complexities of carrying on business on
an international basis; GTT's ability to negotiate and enter into acceptable contract
terms with its suppliers; GTT's ability to attract and retain qualified management and
other personnel; continued development of GTT's information technology platforms;
failure of the third-party communications networks on which GTT depends; GTT's ability
to successfully complete the integration of its operating companies following the
Acquisitions; and competition and other risks associated with the communications
sector in general and the multi-network operator sector in particular. Additional
information concerning these and other important factors can be found under the
heading "Risk Factors" in GTT's annual and quarterly reports filed from time to time with
the Securities and Exchange Commission including, but not limited to, its Annual Report
on Form 10-K filed in April 2007 and other annual and quarterly reports filed from time to time
with the Securities and Exchange Commission. Statements in this release
should be evaluated in light of these important factors.
GTT Media Contact:
JD Darby
+1.703.442.5530
jd.darby@gt-t.net
GTT Investor Contact:
Trish Drennan
+1.703.725.7625
tdrennan@gt-t.net
